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07. August 2007     Print Print 

Centros Miller appoints new CEO

Centros Miller, one of the UK’s leading urban regeneration and mixed-use development companies, has appointed former Delancey director Richard Wise as Chief Executive. Richard’s appointment will help to support the ongoing growth of the company.

Centros Miller managing director John Laker will take on the role of Chairman and will continue to have an active involvement in overseeing projects.

Richard, who will be joining the company at the end of July, will draw on his 20 years’ experience of working on major development projects at Chartwell Land, Delancey and, latterly, Lansbury Holdings.

Centros Miller is jointly owned by the Miller Group and Delancey, through its managed funds. It has a prime development portfolio including the 1m sq ft (92,900 sq m) Northern Quarter development in Portsmouth and major schemes in Bury St Edmunds and Lancaster.

John Laker comments: “Centros Miller has reached a very exciting point in its development and Richard’s appointment provides a major impetus for the business going forward. Richard’s arrival will help us to grow the business, while enabling me to focus more time on our expanding portfolio of development projects.”

Jamie Ritblat, Chairman and Chief Executive of Delancey, comments: “Centros Miller continues to be a strong investment platform which produces well-designed, high-quality retail schemes. Richard’s appointment will add significant complementary skills to the management team and will fully support the ongoing growth of the business.”

Phil Miller, Chief Executive of Miller Developments, comments: “Our investment in Centros Miller has allowed us to enter this highly competitive market and support a first class management team. Richard brings a wealth of experience which will further enhance the reputation and success of the business.”

Richard Wise adds: “I am very pleased to be joining a business with an established track record for delivering large high-quality retail schemes, which have been built over the past 15 years. The financial backing of Delancey and Miller Group will provide us with a strong platform from which to take advantage of opportunities arising over the coming years and in all phases of the market cycle.”