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05/04/2017

Tony Cullen appointed as first North East Property Fund Investment Executive

Tony Cullen has been appointed as the first investment executive to the new North East Property Fund, managed by FW Capital and backed by the North East LEP and Santander.

Tony has over 30 years’ experience within commercial and real estate banking with Barclays and Dunbar Banks. He is DipFA and CeMap qualified and has a track record of supporting successful property development schemes across the North East region. 

As an investment executive on the new North East Property Fund, Tony will be looking to support smaller property developers with development funding to bring forward non-speculative commercial and residential development projects in County Durham, Tyne & Wear and Northumberland.  The fund can make short-term loans from £250,000 up to £1million.

FW Capital North East Fund Manager Joanne Whitfield said: “Tony has a wealth of experience and contacts in the sector and we are pleased to have him on board. We are delighted to be launching the North East Property Fund to support the construction sector in the region. The fund is great news for smaller regional developers who find it difficult to raise finance to complete projects. I would encourage developers to get in touch with us to see if we can help.”

“I am delighted to join FW Capital to manage the North East Property Fund,” added Tony. “ The fund is being launched at a time where there seems to be increased optimism amongst property developers across the North East with local agents reporting improving demand for new build homes. I would be delighted to meet with any developer or small housebuilder in the area thinking about bringing forward a new scheme to see if the fund can match their needs”.

Tony is the first of a number of new appointments that FW Capital is making in the North East as a result of new funds launching in the region.