Tungsten Properties recruits London-based investment manager

Warehouse developer Tungsten Properties has expanded its top team in a move to establish a presence in London. Matt Moran has assumed the role of investment manager, based in the firm’s new office in London. Tungsten is taking serviced office space with provider Landmark at 33 Cavendish Square, W1, which will initially become a hub for three people with the view to grow further within the building, if required. Moran has more than 10 years’ experience and has joined from Vengrove where he focused on UK investment and development transactions within the industrial and logistics sector. Prior to that, he had served at Montagu Evans in its national business space investment team. In his new role, Moran will be responsible for managing interaction between Tungsten’s capital partners and the development management, team which is based in its Leicester headquarters. He will work with Matt Jones who joined Tungsten in July as development director.  Jeff Penman, managing director at Tungsten, said: “We welcome Matt at a time in our growth strategy where he will bring his extensive London capital investment experience to be the link to our development team. “His skillset will help to continue building relationships at a time when the mid and big-box logistics and industrial market shows positive signs of returning occupier and investor confidence. “By expanding our office network into London and with a committed development pipeline of 2.8m sq ft, we are well-placed to cover the UK and be geared-up for future pipeline opportunities.” Moran’s appointment has brought the number of people in Tungsten’s team to 11. Photo © Tungsten Properties