Member Article

Property developer Langtree rebrands as Network Space

Langtree Group, the commercial property development, investment and management company owned by Bill Ainscough has rebranded to Network Space.

Network Space is currently the name of the group’s investment and management operation, which itself has invested over £30m in new property in the last 3 years. The name will now be employed across the group, encompassing the significant development operations of Langtree.

Development at Network Space will be led by Stephen Barnes who will take the role of Managing Director of the development company. Stephen joined Langtree in 2002 and has been involved in most of the Group’s development and regeneration activity including the construction of most of the current Network Space investment portfolio, St Helens RLFC’s stadium and its surrounding retail as well as a number of developments for joint ventures and third party clients.

As a group, Network Space now comprises a self-managed investment portfolio of over 3 million sq ft and a development land bank of over 1,000 acres across the North and Midlands of England.

Richard Ainscough recently took up the role of Group MD and commented: “Network Space as a name originates from a public sector joint venture in which we developed an industrial and office portfolio that we now own and manage. This legacy neatly embodies what our business is about: partnership, development, investment and management.

“The future looks very exciting with our strong and experienced executive team, large land bank and significant financial resources we have the tools to capitalise in an improving market. We have a number of maturing development projects, our investment portfolio continues to deliver strong returns and our recent refinancing provides us with real financial firepower with which we are actively seeking new development and investment opportunities.”

In other key positions in the Group, Rob Gaskell has been promoted to Group Finance Director. Martin Mellor continues to lead the Investment operations with Nicky Jones heading up Property Management.

This was posted in Bdaily's Members' News section by Robert Allat .