Sandstone Group has announced two new senior appointments to help continue to grow the company as it expands its presence in the UK residential property investment sector.
The UK-based private property investment and management company, formed in 1997, has appointed Paolo Alonzi as group finance director and chief operating officer, and Stuart Montgomery to the role of director of investment management.
Alonzi and Montgomery will work closely with the existing senior management team to strengthen and grow the Sandstone business with a particular focus on the Sandstone Residential real estate investment trust, raising funds both in the UK and globally (where permitted) to invest into the residential property sector in prime university cities and towns across the UK.
Alonzi, a qualified chartered accountant, is an established figure in the real estate and investment management industry. He previously spent more than 18 years at abrdn, formerly Standard Life Aberdeen, in the role of real estate chief operating officer.
As a member of the board of the association of real estate funds, he has led many high-profile projects and was recently involved in the UK Government-led productive Finance working group, working closely with the Bank of England, the FCA, HM Treasury and a number of senior stakeholders from across the investment industry.
Montgomery leads the investment management team providing asset management and advisory services to private clients, family offices and wealth managers.
Prior to joining Sandstone Group, Stuart held a number of senior appointments in the property and investment sectors with a broad experience spanning structured finance, investment and asset management.
Peter Grant founder of Sandstone Property said: “Paolo and Stuart are highly respected individuals and bring an exceptional level of experience to the business.
“Both share Sandstone’s vision to deliver high value, tax-efficient, leveraged returns for clients and their appointments as directors will help deliver our strategic growth plans.”
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