New MD announced at Clowes Developments
Thomas Clowes has been appointed as managing director of Clowes Developments.
Chairman David Clowes said: “The board of directors voted to appoint Thomas Clowes as managing director. Supported by myself as chairman, and our experienced board members, Tom will lead the team at Clowes as we continue to evolve and strengthen our privately owned property business.”
Despite being a part of the family, Tom formally joined the business in 2016 following a period of time dedicated to gaining industry experience elsewhere. Being placed within the land and planning team, he was promoted to the board of directors in 2021 and now takes the appointment of managing director.
He said: “This has never been a sure-thing for me, I started at graduate level and have worked my way through the business, aiming to understand every facet. Nepotism isn’t a word in the Clowes family dictionary, David would agree with me that Dad often aimed for the opposite of that. Something I wasn’t thankful for at the time, but I know has paid dividends for me now. I am honoured to be able to carry on his legacy and put my mark on the group.”
Clowes Developments is one of the UK’s largest privately owned property groups. It has continued to deliver several standout developments over the past year, including the new £800m mixed use Fairham site south of Nottingham, and has a healthy pipeline of projects for the next 10-15 years. The group have also delivered on two landmark deals, the first worth in the region of £100m to develop six logistics facilities totalling just short of 1million sq ft with UK insurance giant NFU Mutual. The second, a similar deal with international property investor and management company, Hines, which will develop eight state-of-the-art warehousing and light-industrial units covering a total of 1.15 million square feet across the East Midlands.
