Gatehouse Bank has appointed John Coles as an asset manager in its real estate investment advisory team.

Coles joins the bank from Hearthstone Investments, where he was an investment manager responsible for a fund aimed at developing a portfolio of privately rented properties in the UK.

He began his career in property as a surveyor, before moving to Mapeley Estates in 2014 where he worked as an asset manager for four years.

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Gatehouse’s real estate investment advisory team sources, manages and advises on investments across the UK real estate market.

This includes build-to-rent schemes and private rented sector (PRS) projects, along with commercial deals for offices, industry, retail premises and student accommodation.

Coles will support the build-to-rent team in driving the performance of its growing portfolio of single family units, and assist in the expansion of the bank’s PRS business and build-to-rent funds.

Coles said: “Gatehouse has a proven track record of delivering and managing PRS and build-to-rent schemes.

“With both sectors expected to continue expanding over the coming years, this is an exciting time to join the bank’s real estate team and be a part of a growing market.”

Paul Stockwell, chief commercial officer at Gatehouse Bank, said: “I am delighted that John has joined the Gatehouse Bank, his expertise and experience in the build-to-rent sector will make him a great asset to the team.

“Gatehouse’s activity in the private rented sector and specifically the build-to-rent market has been expanding rapidly over the past few years, and 2020 is on course to be another busy year for the Bank.”