Legal & General’s former head of retail Simon Russian to lead new development management team
Joining the firm as partner, Russian was previously responsible for retail development activity within Legal & General, progressing extensions to shopping centres in the Midlands and South of England as well as delivering the award-winning redevelopment of Bracknell town centre, The Lexicon. He also delivered a number of new developments and refurbishments within Legal & General’s retail and leisure park portfolio.
The appointment follows Andrew Haughey joining the partnership in June last year to head up its asset management arm following a 24-year tenure at Capital & Regional, latterly as retail development director. The asset management team now has around £500m of property under management and mandates by four clients to spend another £100m+ on diversified assets.
Alan Harris, Partner at Montagu Evans and head of its town centre team, said: “With the retail sector undergoing seismic changes and town centres needing wide-reaching solutions, our clients are looking for support that can stretch from repositioning and restructuring to the delivery of new space and repurposing of existing assets.
“We now have the team in place to meet these needs. Simon and Andy bring first-hand, client-side leadership for the local authority base that has been a key focus for our town centre team and to institutional clients looking for better solutions in this challenging area, both in and out of town.”