New investment director joins Bristol & Bath Regional Capital to help drive continued expansion

October 14, 2024
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Impact investor BBRC (Bristol & Bath Regional Capital) has appointed Adam Greenhalgh as its new investment director in a move that strengthens its growing team as it continues to scale its operations.

Adam, pictured, joins from the Bristol office of International real estate advisor Savills, where he held the role of associate director. 

During his seven years at Savills, he secured funding for several high-profile regional projects, including the £28m purchase of Clifton Down Shopping Centre, the £9.1m acquisition of Castle Court in Old Market and the 277-unit Bath Press site, intended to support the development of over 300 housing units.

His prior experience also includes managing more than £200m in assets at Market Tech, which delivered a 7% capital value growth, and five years at global real estate firms based in London.

In his new role at BBRC, Adam will join the existing investment team, focusing on investment opportunities for BBRC Homes, leading the origination and execution of build-to-rent development opportunities which create affordable homes for key workers and working people and families, generating attractive risk adjusted returns with strong impact and ESG outcomes for investors.

Adam’s appointment follows a series of recent strategic hires at BBRC, including Molly Byrne as partnerships manager and Rachel Rudman as management accountant. 

The expansion aligns with BBRC’s ambitious growth trajectory as it aims to attract and deploy £1bn in investment over the next decade.

It has already brokered and invested £71m into the West of England over the past 10 years and developed a wide portfolio of net zero opportunities for investment.

Last month it was named as the delivery partner for a £100m Green Growth West Impact Fund to help finance the West of England Combined Authority’s (WECA) drive towards a green economy, including supplying up to 36,000 homes with renewable energy.

BBRC founder and chief executive Ed Rowberry, pictured, said he was delighted to welcome Adam to the growing team. 

“His extensive experience in real estate and investment will be invaluable as we enter the next phase of growth,” he added.

“We now have the opportunity to move forward with the Green Growth West Impact Fund, which will seek to raise £100m investment for the region by 2030. It is vital we have the right team in place to deliver on this.”

Adam said: “BBRC has built a demonstrable track record and credibility in the impact investment sector, and its deep civic roots and place-based approach gives it a unique structure that I’m excited to being a part of.

“I’m looking forward to helping build on the team’s amazing work to date, both with the now fully deployed City Funds and the newly announced Green Growth West Impact Fund.

“We’ve set ourselves an ambitious target for BBRC Homes, but I’m confident we can achieve it and deliver over 2,500 low carbon, affordable new homes in the South West by 2035.”

BBRC continues to position itself as a key player in addressing the region’s most pressing challenges, led by its mission to improve the wellbeing of people, local communities and the environment in the communities it serves.

Through its place-based investment approach, BBRC aims to create a more resilient local economy by channelling capital into projects that offer both financial returns and long-term social and environmental benefits.

Over the past decade, BBRC has emerged as a leader in place-based impact investment, supported by local anchor institutions including universities, local authorities, and other business and civic networks.

Its flagship fund, City Funds, established in 2019 with £5m from Bristol City Council and matched by Big Society Capital – with an additional £1m grant underwriting provided by Access: The Foundation for Social Investment – has successfully multiplied local authority investment nearly 10-fold, unlocking £40m of total investment to date for transformative local projects and businesses.

The capital will be repaid to the council in full, plus a return, by 2030.

Adam Greenhalgh image courtesy of BBRC/Freia Turland Photography

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