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Nick Markham, former strategy director at ITV and CFO of Laura Ashley, has been appointed to chair the board of developer and placemaking expert LCR.

Markham is active in the urban regeneration and housing space as the lead non-executive director of the Ministry of Housing, Communities and Local Government (MHCLG) until 2019 and the founder of the housing charity Safe Haven London.

His appointment supports LCR’s mission to deliver urban regeneration, homes, jobs and investment from transport-linked land and property assets.

As strategy director of ITV, Nick was responsible for the merger of Carlton and Granada to form ITV PLC. He also developed the Freeview concept with the BBC, which led to him launching and becoming CEO of Top Up TV, the first successful pay Digital Terrestrial Television (DTT) company in the world. He started his career with Bain & Co in 1989, during which time he also became deputy leader of Westminster City Council.

LCR is a skilled developer and the UK government’s placemaking expert, with a 20-year track record that includes the multi-billion-pound, mixed-use redevelopment of King’s Cross, one of the UK’s most successful regeneration stories. It is wholly-owned by the Department for Transport (DfT).

Its current schemes include Waterloo.London – a £200 million retail redevelopment at Waterloo station – and International Quarter London (IQL), a £2.4 billion joint venture development with Lendlease in Stratford. LCR also has a growing portfolio of strategic partnerships with local authorities, providing land assembly, master planning and development management expertise to deliver regeneration projects around new and existing stations in locations including Leeds, Sheffield and Nottinghamshire.

Transport Minister, Baroness Sugg, said: “Nick’s appointment as chair of LCR is fantastic news, and will help continue its reputation for delivering significant regeneration around urban rail spaces.

“As a department, we look forward to working with Nick to ensure more places up and down the country benefit from the type of transformation LCR has delivered at Stratford, King’s Cross and Waterloo”

Nick Markham, chair of LCR, said: “From King’s Cross to Stratford City, LCR’s track record of world class regeneration projects speaks for itself, and it is increasingly recognised as the go-to source of placemaking expertise for transport-linked development.

“With local government and transport authorities striving to maximise the social and financial value of their land and property assets, we have a major role to play in bringing public and private partners together and creating the conditions to deliver new homes and investment.”

Nick Markham succeeds interim chair Tim Garnham, who remains a non-executive director of LCR. Nick will now lead the recruitment of LCR’s new CEO, following the departure of David Joy who retired in April after eight years in the role. 

Tim Garnham, non-executive director at LCR, said: “Nick’s impressive career in business is matched by his commitment to causes and activities that create social value. We’re looking forward to benefiting from his creativity and expertise as we continue to expand LCR’s growing portfolio of developments and strategic partnerships across the UK.”

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