UK: London-based real estate investor and developer Dominvs Group has appointed Martin Samworth, the former chairman and CEO of CBRE’s advisory business in APAC and EMEA, to its board as a non-executive director.
Samworth brings almost 40 years of experience at the helm of CBRE’s advisory business across APAC and EMEA. He is the second senior non-executive director to be appointed to the Dominvs board, following the appointment of Martin Meech earlier this year.
The appointment follows the recent announcement of Dominvs Group completing the UK’s largest ever PBSA forward-funding deal at £173.25 million for its Hammersmith site
Dominvs is looking to continue to expand its £2.4 billion pipeline across the PBSA, residential, retail and hotels sectors with capabilities spanning acquisitions, design, planning, development, and asset management. It acquired leading social value consultancy Seerbridge in July 2021 as part of its long-term strategy to ensure social value is integrated at every stage of the development lifecycle to benefit the local community.
Last week, Dominvs received unanimous consent from Wandsworth Council to deliver dual-branded hotels in Nine Elms that will deliver 837 rooms to pan-European tenants.
Samworth will be advising on strategy, operational efficiency and governance, as well as helping Dominvs to expand its £2.4 billion pipeline across the UK.
Preet Ahluwalia, principal at Dominvs Group, said: “Martin’s wealth of experience in the global investment and development market and his knowledge across a range of asset classes will be invaluable as we look to expand our £2.4 billion cross-sector development pipeline across the UK. The sector agnostic approach we’ve taken over the last 18 months is owed to an agility to reposition our portfolio during the market changes caused by the pandemic, and we’re confident Martin’s counsel will take us from strength to strength.”
Samworth added: “Dominvs Group sets itself apart as a dynamic, well funded, investment and development company, that understands the value of pace and scale. The rate at which Dominvs is securing sites, forming partnerships and its deal-making capabilities, is a promising window into the company’s future as it grows its exposure to the living sectors. I’m excited to be part of the journey, supporting the Dominvs team with strategy and execution.”
