Lincoln Property Company has announced that it has appointed Alex Aitchison as new managing director for its operations in the UK.
Aitchison has served as Lincoln’s director of development in the UK and has overseen the company’s major projects across the country including the £850 mln (€990 mln) mixed-use development at Station Hill in Reading which will provide over 1,300 homes, 625,000 sq ft (58,000 m2) of sustainable office space and 95,000 sq ft of retail and leisure space.
The new role will see Aitchison responsible for leading a team focused on identifying new investment and development projects for Lincoln across the UK, as well as the ongoing management of the existing portfolio. Lincoln has already committed £1.4 bn to the UK real estate market since entering the UK in June of 2018, but it intends to expand its portfolio of office, BTR, and industrial/data centres assets across the country as it eyes several large development projects, as well as targeted investment opportunities.
As part of Lincoln’s expansion ambitions, it is also looking to target more alternative assets in addition to the mainstream sectors. In 2020 the company’s specialized data centre division, Lincoln Rackhouse, acquired a 145,000 sq ft data centre in Camberley, Surrey.
Alongside its UK expansion plans, Lincoln continues to grow its presence across continental Europe. The company is already active in the Czech Republic and Slovakia, and last year entered the Polish real estate market through the acquisition of a prime development plot in Warsaw. The Form, a 322,900 sq ft office project in the heart of Warsaw’s central business district, is currently in development.
The entry into Poland is the first of several new jurisdictions which Lincoln is targeting, as it builds on the 16 projects it has already invested in across Europe.
Lincoln Property Company was founded in Dallas in 1965 and is one of the largest full-service real estate companies in the United States. The company has over 8,750 employees.
