Long-established real estate advisor launches investment vehicle
A longtime advisor in the real estate market in the Northwest has launched a new development and investment vehicle.
David Lathwood’s Pitalia Real Estate is backed by local entrepreneur Anil Pitalia and has provided funding for the acquisition of medium to large assets in a range of sectors.
The fund, which is part of the Pitalia group of companies, targets national acquisitions and works to identify assets to invest in to create world-class sustainable buildings.
After more than 35 years in the market as head of some of the largest consulting firms in the industry, Mr. Lathwood left JLL in 2020 after being promoted to chairman of the Northwest.
Mr. Lathwood said, “Pitalia Real Estate intends to be extremely active in the market for the next few years. We are well resourced and funded with an optimized and focused vision.
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“Both I and Anil see the market through the same lens and we both believe that the time is right for Pitalia Real Estate to be well received by the market.
“We will be flexible in our approach without being blinded by industry preferences and we will take significant risks to create value.
“Most of all, we want the assets we buy and develop to be ‘best in class’.
“I’ve had good relationships in the market since the 1980s and look forward to renewing old friendships.
“We have already established partnerships with people we have known for a long time, whom we trust and whose friendship we value.
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On the subject of matching items
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On the subject of matching items
“We hope to build new relationships with like-minded partners in the months ahead.
“It’s been a long time since I felt so excited about the real estate business.”