Richard is the Managing Director of Bericote. Richard’s career began at Gazeley Properties in 1986 and continued at Kingspark Developments and Prologis. In 2000, Richard left to co found Astral Developments with Steven Ferris.
From the outset Astral was positioned at the leading edge of the development market, securing strategic brownfield sites for redevelopment for blue chip occupiers such as Next and Whirlpool. Richard was also responsible for a £100m joint venture with Legal and General and development/funding partnerships with the MOD, Dartford Council, Prudential, and Blackstone. Astral also enjoyed 100% success on a huge speculative building programme prior to its sale to Prologis.
Richard continues to build his reputation as one of the key operators and innovators in the development market. This is reinforced by the launch of Bericote’s pioneering transparent low margin business model. Deals with high profile occupiers such as Asda*Walmart, Tesco, Sainsburys and Rolls Royce have consolidated this reputation. Joint ventures with Blackrock and Rockspring have followed as Bericote roll out a selective speculative programme. Bericote also own the largest cleared and consented industrial site within the M25, at Erith.
Richard is guest columnist for Property Week, recently writing on market led leasehold reform and the riches diversity can bring to property. He is also a judge on the Property Awards panel for industrial agency.