Michael Rhydderch has set up as a principal to advise on and invest in deals after leaving Eastdil Secured last month.
Rhydderch said his decision to leave Eastdil and investment agency was ‘nothing to do with Eastdil, which is a spectacular firm’, adding that he had ‘always had an itch’ to work as a principal eventually.
Operating as Peck7, he plans to work alongside a number of different investors and operating companies around Europe that he knows well. ‘They come from either a development, asset management or leasing background and their businesses are becoming bigger and more diverse,’ he said.
He is also remaining as a senior adviser to Eastdil.
Over his career as a capital markets adviser, Rhydderch has worked for CBRE and Cushman & Wakefield and in several European countries including Italy, Portugal and the UK. In 2013 he went to work at Brookfield Financial before moving to Eastdil as a managing director in 2015.
