Farebrother targets UK expansion with ex-GVA property management big guns
1 March 2019
Two former GVA senior directors have formed a new national joint venture with London niche firms Farebrother and Tuckerman. John Jones and Lisa Riva (pictured), who both spent more than two decades at GVA, join as senior partners of the new jv, Tandem Property Asset Management. GVA merged with Avison Young earlier this year. Jones, GVA’s former chairman of property management consultancy, was put on gardening leave by GVA last year for stating his intention to undertake a management buyout of the division. A subsequent employment tribunal was scheduled, although a settlement was made “on the steps”. Riva used to head up the firm’s property management team.
They will be supported by Philip Martin, finance director at Tuckerman, and Alistair Subba Row, Farebrother senior partner, who will represent their firms’ respective shareholdings in Tandem. Farebrother and Tuckerman have merged their property asset management operations to create the new business. Tandem manages more than 300 properties with an annual rent roll of around £35m.
Alistair Subba Row said: “As property consultancies, Farebrother specialises in London’s Midtown while Tuckerman’s business focuses on Victoria. However, our joint venture businesses enable us to participate in other related areas of the market – in terms of both location and service types – without diluting our respective brands. Bringing John and Lisa in to take Tandem forward onto a national platform is a perfect example of this.”
Tandem will target smaller fund managers and private equity firms, as well as local authorities. It will share a London base alongside Farebrother at 27 Bream’s Buildings, EC4, and the new business plans to expand rapidly across the UK.