Fund manager FW Capital is celebrating the promotion of Chris Dixon who has been appointed Fund Manager of the North East Property team. This follows the retirement of Tony Cullen who steps down from the role after over eight years at FW Capital and over 32 years in financial services.
Chris’ promotion comes at a key point in the firm’s support for local developers following the success of the North East Property Fund, North East Commercial Property Investment Fund and the Teesside Flexible Investment Fund in delivering funding across the region. It signals FW Capital’s commitment to investing in its team and encouraging career progression.
Chris has worked at FW Capital for three years after joining from Allied Irish Bank (GB). He has 28 years’ financial services experience specialising in property development and will continue to support developers seeking finance for residential and commercial projects across Northumberland, Tyne & Wear, County Durham and Teesside.
Chris Dixon, Property Fund Manager at FW Capital said: "It has been an absolute pleasure working alongside Tony and I’m looking forward to continuing his legacy supporting property developers across the North East. Stepping into his shoes is a big task, but I’ve got the support of my fantastic colleagues at FW Capital. Our appetite remains strong to plug the funding gap for residential and commercial property across the North East. We’re helping developers navigate and overcome challenges and through our investments we are achieving what the funds are designed to do. This is illustrated by the diverse range of developments we have supported, from small residential sites to large commercial sites.”
Joanne Whitfield Fund Director FW Capital, added: "This is a fantastic step forward for Chris, who is the perfect fit to take over the Property Fund Manager role. His vision for the Funds we manage will be instrumental as we see continued strong demand for investment from local property developers. Tony did a fantastic job of building FW Capital’s brand in property development finance in the North East and I am very grateful to him for all his hard work to determination. His departure marks the end of an era, but his legacy will continue to support North East developers and influence FW Capital’s future trajectory for many more years to come. Tony has been a leader whose vision has been instrumental to the success of the North East Property team and we wish him all the best in his retirement.”
The £35million North East Commercial Investment Property Fund, offers loans with a maximum loan facility of £7million Grade A commercial developments in Tyne & Wear, Northumberland, and County Durham. The North East Property Fund provides loans from £250,000 up to £2million for residential and non-speculative commercial developments in Tyne& Wear, Northumberland, and County Durham. Both are managed by FW Capital and backed by the North East Local Enterprise Partnership (LEP).
The Teesside Flexible Investment Fund is a £20million fund to support economic development in Hartlepool, Middlesbrough, Redcar and Cleveland and Stockton-on-Tees through a mix of finance to support buying a business, property funding and bond finance. It is backed by investment from FW Capital and The Teesside Pension Fund and delivers loans of £100,000 to £3million to enterprises making an economic impact in Teesside.
