Property Alliance Group has announced a restructure of its board, following a year which saw the business complete developments worth £361m.
The changes see Alex Russell take over as chief executive officer from David Russell who has moved to a Group chairman role. Ella Magill has been promoted to managing director, and Stuart Ormisher has been appointed chief financial officer and board member.
Since joining Alliance in 2007, Ella has been responsible for property management, development and asset management, as well as sitting on the board.
Stuart joins from Bruntwood, bringing a wealth of experience and expertise in commercial finance, having worked on strategic acquisitions and developments including Citylabs, Circle Square and Birmingham Health Innovation Campus. At Alliance, he will oversee all aspects of business and commercial finances, including development transactions, and will work alongside existing Group financial director, Ewan Wyse.
Commenting on the restructure, Alex Russell said: “I am delighted to welcome Stuart to the team. His vast financial experience will be a great asset to the Group as we seek to further expand our portfolio. Ella’s promotion to managing director was a natural next step and is testament to the huge impact she has had on our business, including leading our management team for 16 years and sustaining the high level of customer care our brand is based on.
“We have worked on a 10-year vision to grow the Group’s strongly performing commercial portfolio, while working closely with new and existing joint venture partners across the private and public sectors. The restructure will ensure we are strongly positioned to deliver our aims, including bringing forward major new developments such as the transformation of the former Renaissance site at Deansgate.
“Collectively, the new board is excited to deliver on our vision and build on the Group’s successes. We are currently working on further opportunities that will bolster our pipeline, which we look forward to announcing in the near future. “
Commenting on his appointment, Stuart Ormisher said: “After many valuable and enjoyable years at Bruntwood the time was right for a new challenge. I am excited by Alliance’s growing portfolio and the potential for the business in 2023 and beyond.”
The Alliance board also includes development director, Dylan Williams, Victoria Russell, brand, strategy and partnerships director and Ewan Wyse, Group finance director.
In 2023, Alliance is set to deliver several major schemes, including its Uptown residential development on the River Irwell, the Treehouse Hotel at Renaissance and 40,000 sq ft of Grade A offices at Deansgate in Manchester city centre, with a combined GDV of £254M.
