Thursday 13th March 2008
Bank of Scotland Corporate has boosted its Real Estate business in Liverpool with the appointment of Paul Devenport as Area Director.
Paul leads a team of 16 people looking after a portfolio of nearly 100 clients in the commercial property sector. Paul joins the team from his previous post as Director in the Bank's Manchester office. Having originally joined Bank of Scotland as an Associate Director in 2001, Paul has worked in a variety of roles across both the commercial and real estate businesses.
Reporting in to Derek Bald, Head of Real Estate for North of England, Paul and his team will be based at the bank's offices in Castle Street before shortly relocating to new premises at No 5 St Paul's Square in the heart of Liverpool's commercial district.
Paul takes charge of a team that has already completed a string of recent high value deals including the £16M purchase of 76 King Street in Manchester for Liverpool based UK Land & Property; a £200M funding line for Spencer Holdings; and funding for the £63M redevelopment of two sites for Plas Madoc Group in North Wales.
Commenting on his appointment, Paul Devenport said:
"I'm delighted to be leading Bank of Scotland Corporate's Real Estate team in Liverpool. The business has already made significant inroads into the area's commercial property market by establishing good relationships with some of the area's key property developers. We now have the opportunity to build upon these foundations by increasing the pipeline of deals coming through to us. It is my belief that we can establish Bank of Scotland as the Bank of first choice for all major property developers in Liverpool."
Derek Bald, Head of Real Estate in the North of England, added:
"Liverpool is a key area for us, so I'm delighted that I've been able to appoint someone with Paul's experience of the commercial sector and working knowledge of the North West corporate market. He's a talented and highly motivated individual with a demonstrated track record of delivering results for the Bank."
Notes to Editors:
Bank of Scotland Corporate, part of HBOS plc, has a reputation for excellence in the provision of corporate finance, delivering innovative funding solutions across a range of markets. With experience across many areas of corporate finance, including specialist teams covering Real Estate, Joint Ventures, Integrated Finance, Structured Property Finance, Infrastructure Finance and Housing Finance, Bank of Scotland can draw on an expert pool of professionals with proven track records. Bank of Scotland Corporate employs around 9,000 employees. Total lending at June 2007 stood at £95.8 billion
