Thriving Investments has appointment Ed Crockett as fund manager for its £260m New Avenue Living fund.
New Avenue Living is Thriving Investments’ essential worker housing strategy, which will deliver affordable homes through public private partnerships with government, local authorities and developers.
Based in Scotland, Crockett will oversee the fund and support its next phase of development. He will also take responsibility for the newer Manchester fund, applying insights from the Scottish portfolio to support planning, partnerships and delivery in the region.
Crockett has more than 20 years’ experience in real estate capital markets and his previous roles include head of investment execution at Europa, director of operational capital markets at Savills and head of UK residential investment at Aberdeen.
Cath Webster, CEO of Thriving Investments, said: “Ed brings extensive experience across UK real estate capital markets at a time when the need for affordable housing has never been greater. His expertise and values-led approach will strengthen New Avenue Living and help us continue delivering homes that make a real difference for essential workers and the communities they serve. We look forward to the insight and leadership he will bring as we continue to deliver strong investment performance, make a meaningful social impact for communities and play our part in addressing the UK housing crisis.”
Crockett added: “Thriving Investments’ focus on long-term value creation and measurable social impact closely reflects my own investment philosophy. Through New Avenue Living, we are unlocking regeneration and accelerating the delivery of much-needed homes for essential workers who are too often priced out of the markets they serve. The team has built a strong track record of delivering homes that respond to real need, and I look forward to building on this progress – driving the next phase of growth, while delivering sustainable investment outcomes and creating lasting benefits for communities, partners and investors.”
