Bringing opportunity to life as Clowes Developments appoint Thomas Clowes as Managing Director

[Left to right: David Clowes, Chairman & Thomas Clowes, Managing Director – Clowes Developments (UK) Ltd]

Thomas Clowes has been appointed as Managing Director of Clowes Developments (UK) Ltd with effect, Monday 7th August 2023.

Chairman of Clowes Developments, David Clowes commented,

The Board of Directors voted to appoint Thomas Clowes as Managing Director. Supported by myself as Chairman, and our experienced board members, Tom will lead the team at Clowes as we continue to evolve and strengthen our privately owned property business.

Despite being a part of the family, Tom formally joined the business in 2016 following a period of time dedicated to gaining industry experience elsewhere. Being placed within the Land and Planning team, Tom was promoted to the Board of Directors in 2021 and now takes the appointment of Managing Director.

Thomas Clowes, commented on his appointment,

This has never been a sure-thing for me, I started at Graduate level and have worked my way through the business, aiming to understand every facet. Nepotism isn’t a word in the Clowes family dictionary, David would agree with me that Dad often aimed for the opposite of that. Something I wasn’t thankful for at the time, but I know has paid dividends for me now. I am honoured to be able to carry on his legacy and put my mark on the group.

Clowes Developments is one of the UK’s largest privately owned property Groups. It has continued to deliver several standout developments over the past year, including the new £800 million mixed use Fairham site south of Nottingham, and has a healthy pipeline of sites and projects for the next 10-15 years. The Group have also delivered on two landmark deals, the first worth in the region of £100million to develop six logistics facilities totalling just short of 1million sq ft with UK insurance giant NFU Mutual. The second, a similar deal with international property investor and management company, Hines, which will develop eight state-of-the-art warehousing and light-industrial units covering a total of 1.15 million square feet across the East Midlands.

In recent years, Clowes Developments have seen sustained growth. The Group reported a record turnover and profit for the last financial year with similar headlines expected for this years’ financial statement. The Group are currently working on future proofing the business model and are planning ahead on important issues such environmental, social and governance factors, allowing future generations to prosper.