Management team

Tim Walton

Having qualified as a chartered accountant, Tim spent four years as a tax partner at Coopers & Lybrand. Tim joined Grantchester in 1998 as finance director and became chief executive officer in 2000. In 2002, with the agreement of the Non-Executive Directors, Tim orchestrated the £192 million sale of Grantchester to Hammerson, representing a 22 percent premium to adjusted net asset value.  

In late 2002, Tim established LXB, the core business at the time being edge-of-town and out-of-town retail investments and development. Two and a half years later, Tim completed LXB’s first portfolio disposal for £360 million to Land Securities. A year on, he oversaw the disposal of the majority of LXB’s newly amassed portfolio to Hammerson for £425 million.  In 2007, Tim oversaw the sale of the LXB interest in the food store fund it managed on behalf of Land Securities. Subsequently, Tim put together the IPO in 2009, successfully winning the backing of a number of institutional investors with subsequent equity raisings, now totalling £257 million.

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