29 Oct 2015
Policy area: Commercial
Chris Stewart, Chief Executive of the Chris Stewart Group, will tonight become Chairman of the Scottish Property Federation (SPF), the leading trade association representing Scotland’s £6bn commercial real estate industry.
Stewart will succeed John Hamilton, Chief Executive of Winchburgh Developments, who will stand down at the SPF’s Annual Dinner at the Sheraton Hotel in Edinburgh.
Stewart will work closely with the SPF to promote the benefits of Scotland’s real estate industry to the government, outlining the role it has to play in supporting the economy and driving growth. Research produced by the SPF earlier in the year revealed that Scotland’s commercial property industry contributed just under £6bn to Scotland’s economy in 2013, 5.3% of its total gross value added economic output, and that it created 60,872 jobs.
Paul Curran, Managing Director of Quartermile, will become the SPF’s new Vice Chairman.
David Melhuish, Director of the Scottish Property Federation, commented: “I am delighted to welcome Chris as our new Chairman. His experience in carrying out large-scale, complex regeneration projects will be invaluable as we work with government to shape the policy landscape over the coming year. Since the Scottish Referendum there have been a number of significant policy changes that affect the real estate industry, and with the Scottish Parliamentary elections next year, there will no doubt be more to come. We look forward to working with Chris to further ensure the growth and success of our industry.”
Chris Stewart said: “I am honoured to accept the role of Chairman, and look forward to working with David, Paul and the team over an important 12 months both for Scotland’s economy and the property sector’s place within it. Scotland’s real estate industry is a vital contributor to the economy.
“That said, the economic reality is that building new homes, hotels and much needed office accommodation relies increasingly on international capital funding. If Scotland is to attract such capital in a competitive market our planning, tax and policy frameworks must all work to one cohesive vision. I look forward to promoting the benefits of supporting the industry to government and taking up the challenge to help drive further economic development in Scotland’s towns and cities.”
Stewart has worked in property investment and development for 20 years, and specialises in complex city centre transformational projects. His company, Chris Stewart Group (CSG), has interests across residential, office, retail and hotel and leisure. Projects include the redevelopment of Advocate’s Close in Edinburgh’s Old Town and the former RBS Headquarters on the edge of St Andrew Square Edinburgh. In 2015 CSG was confirmed as the preferred developer for the former Glasgow City Council offices on George Street.