Developer boosts board
Fitzsimmons to chair property firm Qmile
Qmile Group was launched in May this year following a management buyout by chief executive, Paul Curran, and finance director, Mike Milligan.
The company delivered Edinburgh city centre’s landmark £750m Quartermile mixed-use development. Comprising 1,000 apartments, 370,000 sq ft of Grade A office accommodation and 65,000 sq ft of retail and leisure space, the development will also be home to the Edinburgh Futures Institute, the University of Edinburgh’s new interdisciplinary hub.
Qmile is building 145 homes at its 52-acre, £100m Craighouse development in the city.
With more than 30 years’ property sector experience, Mr Fitzsimmons will help to realise the company’s ambitious strategic growth plans across mixed-use, residential and commercial development opportunities.
Commenting on his appointment, he said: “I have known Paul and Mike since my time as chief executive of Avant Homes and have been highly impressed by the way they have continued to evolve the business over the past eight years.
“There are significant opportunities for a developer of Qmile Group’s calibre and I am looking forward to helping them find, secure, fund and deliver new initiatives.”
Mr Fitzsimmons was a main board director at Redrow for more than ten years, including four as chief executive, before joining Avant Homes in 2010 where he held the same position for four-and-a-half years leading its restructuring and eventual sale to a consortium of private equity funds. He is also a non-executive director of The Home Builders Federation.
Mr Curran, said: “Neil’s appointment is a clear statement of our intent to further enhance Qmile Group’s position.
“He is highly regarded throughout the property industry and has the plc board level experience, insight and expertise to provide us with valuable strategic advice.
“Thanks to his many years of experience, Neil has established many strong relationships which Qmile Group will be able to continue to develop.
“Neil is joining Qmile Group at an exciting time. We have been exploring a number of development opportunities and expect to make an announcement regarding new projects soon.”
The MBO that launched Qmile Group involved the company acquiring the Quartermile Group of companies from London-based property fund manager Moorfield Group and funds managed by The Baupost Group, the Boston, Massachusetts-headquartered investment adviser.