Colin Kenneth Rae joins Springfield Properties as new non-executive director
Colin Kenneth Rae, director of Homes for Scotland, has joined Springfield Properties as a new non-executive director with immediate effect.
Mr Rae, 54, is a chartered quantity surveyor with almost 40 years’ experience in the construction and housebuilding industries, specialising in project and development management.
From 2002 to 2019, Mr Rae was employed in leadership positions at Places for People (PfP), one of the largest development, regeneration, property management and leisure companies in the UK with an asset base of £4.5 billion. PfP designs builds and manages large-scale regeneration projects from start to finish, creating sustainable places where communities want to live.
In his most recent role as group executive development director at PfP, Mr Rae managed a UK-wide mixed tenure development programme of c. £200 million, delivering core housing assets for affordable and market rent and sale. This included the development of the 376-home Engine Yard site in Edinburgh, the largest single National Housing Trust development in Scotland.
Before this role, he was the project director for Scotland, with responsibility for establishing and delivering PfP’s strategic development programme in Scotland. Within this role, Mr Rae liaised with private sector partners, the Scottish Government and local authorities and, with a team of 25, achieved annual development turnover of £60 million within five years.
His previous experience also includes project management roles at The EDI Group, a property development company wholly-owned by the City of Edinburgh Council, and Woolwich Homes Ltd, as well as surveyor positions at Millar Brown Associates and Gibson & Simpson.
Mr Rae is also a member of the Royal Institution of Chartered Surveyors (MRICS) and he holds a BSc in quantity surveying from Napier University.
Sandy Adam, executive chairman of Springfield Properties plc, said: “We are very pleased to welcome Colin to the board of Springfield. He brings considerable industry experience and expertise in building large-scale development and regeneration projects across Scotland and the wider UK. Springfield has made great strides since listing on AIM in 2017 and the appointment of Colin compliments the skills of our existing directors, strengthening the board to reflect the enhanced scale of the business today and our plans for continued growth.”