A key figure behind the setting up of Foxtons has been named as the new chief executive of one of the country’s highest profile property investment services.
Andrew Weir has taken over as chief executive of London Central Portfolio with immediate effect.
Weir has some 30 years experience in the industry, and was involved from the early stages of setting up Foxtons, taking it from private ownership to private equity and the initial public offering.
He held the position of Foxtons’ managing director of sales from 2014, managing 300 people and a £76m portfolio; he then moved on to be named as chief sales officer at Foxtons.
In his new position at LCP, Weir will be supported by Liam Monaghan, recently promoted to managing director at LCP, having joined in 2013. Naomi Heaton, founder and outgoing chief executive of the investment consultancy, will become chairman of the LCP Group of Companies.
Weir (below right) says: “LCP has impressed me so much with its professionalism and dedication to service. I am really looking forward to using my experience gained during a 30 year tenure at Foxtons to help build the brand further and increase its market share."
"It is an honour to be taking the role on from Naomi Heaton.”
London Central Portfolio was set up 31 years ago to provide a full asset management service including property finding, refurbishment and lettings.
Naomi Heaton herself adds: “[Andrew] has unparalleled experience within the prime central London residential market, having been involved in the development of the Foxtons brand from its early days, through to private equity ownership and IPO.
"His experience spanning new business growth, team building and brand development will be an invaluable asset to LCP … This will be a step change for the company, allowing me to focus on other areas of business development.”