Glasgow-based factoring and letting services provider Newton Property has strengthened its management team with the appointment of Riccardo Giovanacci ARLA, NAEA, as associate director & head of letting.

Riccardo will head up Newton’s letting division, which manages the letting requirements of over 600 homes, including many at the luxury end of the market.

Riccardo started his career at Newton Property as a trainee letting valuer and went on to work in management roles with Clyde Property and Foxtons in London.

Derek MacDonald, joint managing director, Newton Property, said: “It’s great to have Riccardo on board. He brings extensive experience and a fresh approach to our letting division and will be a key member of our management team.”

Riccardo added. “I’m delighted to be back at Newton, the company where I started my property career.

“Newton is flourishing and its success has been built by focusing on customer service.

“This is an exciting time to work in the letting industry. Our landlords are facing a slew of new regulations, which will require an enhanced level of professional advice. I am looking forward to providing that expertise to both existing and new clients and being part of Newton’s continued growth.”

As well as managing a portfolio of over 600 rental homes, Newton Property manages factoring for 20,000 throughout Scotland.