Milton Keynes commercial property expert Charles Macdonald has been appointed chief executive of the newly formed Milton Keynes Development Partnership.
MKDP was set up in January to manage the £32m assets acquired by the council from the Homes & Communities Agency.
Mr Macdonald, a partner at Bidwells – one of the leading property consultancies in the UK – brings considerable experience of structuring property transactions in Milton Keynes.
Mr Macdonald said: “Having lived and worked in Milton Keynes for 18 years this is a chance to directly contribute to, and help shape the future development of Milton Keynes.
“It is an opportunity that is unique and simply one that could not be overlooked.”
He will be working alongside the three recently appointed independent MKDP board members, National Energy Foundation chairman John Walker, Bob Green and former Parks Trust supremo John Duggan, who chairs the partnership.
Mr Macdonald will be joining MKDP in July. He will be replaced at Bidwells by Roger Yates.
MKDP will take a commercial approach to sell and develop assets with developers and investors, whilst ensuring community and stakeholder engagement in the preparation of development briefs.
Mr Macdonald has been working closely with Milton Keynes Council advising on the valuation and transfer of the HCA assets.