Anne Kavanagh, Patrizia’s chief investment officer, is joining UK housebuilder Telford Homes as chief executive officer.

Kavanagh will assume her role at the Trammell Crow Company-owned company at the end of July, taking over from Jon Di-Stefano who announced his intention to step down late last year. Di-Stefano has been CEO since 2011.

In addition to the CIO role at Patrizia, Kavanagh served as board member, where, under her leadership, she oversaw key acquisitions and all investment activities for Patrizia, including fund management strategies.

Prior to joining Patrizia in 2017, Kavanagh held leadership roles at AXA Real Assets, Lazard, Cambridge Place Investment Management and JLL.

She is a trustee of the Urban Land Institute and sits on the organisation’s global board. She also serves on the advisory board of Cambridge University’s master’s degree in Real Estate Finance.

David Neuman, the head of Trammell Crow Company’s European operations, said Kavanagh’s track record in ”transforming and growing global businesses”, working closely with investors and occupiers and ”driving diversity and sustainability” makes her the ideal leader for the Telford Homes business.

“Our vision is to continue delivering first-class sustainable build-to-rent homes throughout London and expanding our footprint geographically, using our unique ability to transform spaces into sustainable communities,” Neuman said.

Kavanagh said: ”With one of the most impressive track records in sustainability among UK housebuilders, Telford Homes is a trailblazer in London’s multifamily build to rent developer sector.

“I look forward to leading a great company with a strong pipeline of projects with an ambitious and motivated team and the backing of Trammell Crow Company.”

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