• Swindon & Wiltshire Appointments
• Wednesday October 16 2024
• Author Name: Peter Davison

BBRC hires new investment director amid continued team expansion

South West-based impact investor Bristol & Bath Regional Capital has appointed Adam Greenhalgh as its new investment director, strengthening its growing team as the organisation continues to scale its operations.

Adam joins BBRC from Savills, where he held the role of associate director.

At Savills, Adam secured funding for several high-profile regional projects, including the £28 million purchase of Clifton Down Shopping Centre, the 277 unit Bath Press site, and the £9.1 million Castle Court purchase, intended to support the development of over 300 housing units.

His prior experience also includes managing over £200 million in assets at Market Tech, which delivered a seven per cent capital value growth, and five years at global real estate firms based in London.

In his new role, Adam will join the existing investment team, focusing on investment opportunities for BBRC Homes, leading the origination and execution of build-to-rent development opportunities which create affordable homes for key workers and working people and families, generating attractive risk adjusted returns with strong impact and ESG outcomes for investors.

Adam’s appointment follows a series of recent strategic hires at BBRC, including Molly Byrne as partnerships manager and Rachel Rudman as management accountant. The expansion aligns with BBRC’s ambitious growth trajectory, as the company aims to attract and deploy £1 billion in investment over the next decade.

BBRC’s founder and chief executive, Ed Rowberry, said: “We are delighted to welcome Adam to our growing team. His extensive experience in real estate and investment will be invaluable as we enter the next phase of growth.

“With more than £71 million already mobilised to businesses and projects that drive both social impact and attractive investor returns, we are poised to scale our efforts significantly.

“We now have the opportunity to move forward with the newly announced Green Growth West Impact Fund in partnership with the West of England Mayoral Combined Authority, which will seek to raise £100m investment for the region by 2030. It is vital we have the right team in place to deliver on this.”

Adam said: “BBRC has built a demonstrable track record and credibility in the impact investment sector, and its deep civic roots and place-based approach gives it a unique structure that I’m excited to being a part of.

“I’m looking forward to helping build on the team’s amazing work to date, both with the now fully deployed City Funds and the newly announced Green Growth West Impact Fund. We’ve set ourselves an ambitious target for BBRC Homes, but I’m confident we can achieve it and deliver over 2,500 low carbon, affordable new homes in the South West by 2035.”

BBRC continues to position itself as a key player in addressing the region’s most pressing challenges, led by its mission to improve the wellbeing of people, local communities, and the environment in the communities it serves.

Through its place-based investment approach, BBRC aims to create a more resilient local economy by channelling capital into projects that offer both financial returns and long-term social and environmental benefits.

Over the past decade, BBRC has emerged as a leader in place-based impact investment, supported by local anchor institutions including universities, local authorities, and other business and civic networks.

Its flagship fund, City Funds, established in 2019 with £5 million from Bristol City Council and matched by Big Society Capital, with an additional £1 million grant underwriting provided by Access: The Foundation for Social Investment, has successfully multiplied local authority investment nearly tenfold, unlocking £40 million of total investment to date for transformative local projects and businesses. The capital will be repaid to the council in full plus a return by 2030.