London investor-developer Avanton has appointed former managing partner Omer Weinberger as new Chief Executive, focusing on funding opportunities and expansion plans across the group.
Peter Murphy, previously in charge of development delivery, is now promoted to executive director at Avanton, responsible for both development and the planning, design and procurement of all current and pipeline projects.
A former real estate banker-turned-developer, Weinberger has 15 years of real estate experience in Europe and the UK. Originally from Israel, he started his career in Germany and in 2013 went on founding his own investment firm, Weinbergers. He joined Avanton in 2017.
Formerly a development director at Barratt West London and the Berkeley Group, Peter Murphy has a long track record in delivering some of the very best schemes in London. He will also join the newly established Investment Committee, which already includes Michael Fallon, the Chairman of Avanton, and Omer Weinberger, Chief Executive.
Omer Weinberger, chief executive of Avanton said: ‘Our expanded staffing will help to build our investment and sales after care activities, the latter important now that we have forward sold/reserved 50% of our flagship Coda development in Battersea.
'In terms of our investment team, we are taking a long-term position on the enduring value of prime London real estate and we believe that there will be opportunities to acquire new sites and projects over the next 12-18 months which is part of our focusing on building our portfolio of London developments.’
The firm has been able to forward sell private apartments for £120 mln at the flagship Coda mixed-use development in Battersea, London.