Fusion Group has appointed Richard Pilkington from Modon as its new group CEO.
Pilkington (pictured) succeeds Nigel Henry, Fusion’s co-founder and CEO, who becomes chairman of the business.
Pilkington served as CEO of Abu Dhabi-based Modon’s international business and helped to establish its presence in the UK, partnering with British Land and GIC on the development of 2 Finsbury Avenue at Broadgate in London.
Prior to that, he was head of European real estate at Cain International and held senior leadership roles at Oxford Properties and MGPA.
Pilkington said: “The living sector across Europe continues to experience a significant imbalance in supply and demand, creating opportunity for investors and developers. However, delivering appropriate risk adjusted returns remains challenging due to planning and regulatory matters, building and operating cost inflation, the fluctuating cost of capital and the need for hands-on operational management.
“This means that more than ever investors value partnering with a fully integrated operating platform that can manage these challenges and deliver returns. Fusion is a business that is really well positioned to respond to these market needs and become one of Europe’s leading living platforms. Joining Fusion, a business I have known and admired for many years at this point in the cycle is a really exciting opportunity.”
Henry added: “Fusion has grown significantly over the past few years and the time is right for our business to develop with new executive leadership. Richard has been a friend to me and the business for a number of years now, and his experience in leading growth businesses, his knowledge of capital markets, development and operating platforms, together with his style and approach, make him the perfect fit for our business. I look forward to continuing to support him and the wider business in delivering on our ambitions for what this extraordinary team can achieve.”
