Parabola retains Rutherford Cross to recruit an ambitious individual to join their entrepreneurial business in Edinburgh

Parabola is a privately owned real estate development and investment group based in Edinburgh. Founded in the 1990s with initial investments focused on towncentre mixed use sites, the business diversified in the late 1990s into office development with signature office buildings in Newcastle and London. From 2012, Parabola has carried out an investment strategy focused on the UK industrial sector as well as acquiring a strategic land holding within Edinburgh Park in West Edinburgh.

Parabola evaluates investment decisions over a long term horizon with the objective of specialising in markets where they can add value through continued investment and active asset management.

Parabola strongly believes in a design-led approach to the development of new buildings and places. They care deeply about the quality of any new development that they undertake, always looking to ensure it has a positive civic and commercial influence on the surrounding area.

The Parabola Group has an extensive balance sheet and no external debt. The team currently totals nine people with extensive experience across development, asset management, financial structuring and fund raising.

Key projects and strategies include:

  • Kings Place, London – an award winning 500,000 sq. ft. office and arts development in Kings Cross, completed in 2008. The development was successfully sold to Deka in 2012.
  • Central Square, Newcastle – the transformation of an abandoned Post Office sorting office in the centre of the city into five floors of Grade A office space. Building on the success of Central Square, Parabola developed Central Square South, with Eversheds occupying 60,000 sq. ft. of the 90,000 sq. ft.  Both of these developments were successfully divested to Standard Life Investments in 2014/15.
  • Industrial investment strategy – from 2012-14, Parabola acquired 37 logistics and light industrial assets across the UK, c. 3m sq. ft. Parabola’s analysis of market fundamentals led to the decision to liquidate this portfolio in Q2 2015, and the majority of these assets have been disposed of over the last 18 months.
  • Edinburgh Park – Parabola acquired c. 50 acres of land and a 65,000 sq. ft. office in West Edinburgh during 2013. Parabola are in the process of working up a detailed mixed-use development scheme for the site.

Parabola are in the process of implementing a number of new strategies to take advantage of opportunities in the market.  As a result, they are seeking to grow the team in order to facilitate future expansion. The environment is fast-paced and demanding, and provides an excellent opportunity for an individual to take on and develop a breadth of responsibilities within an entrepreneurial and ambitious business.

The position demands an exceptional professional who can play a key role in the future of Parabola. If you are looking for an opportunity to accelerate your career within investment management, work with a small and focused team, and gain in-depth exposure to deals and assets from the outset, then this opportunity will appeal to you. Please note the role does not require experience of real estate investment or development as a pre-requisite.  The existing team will commit to training the successful candidate in the field.

For a confidential discussion please contact Sophie Randles on 01416117770 or [email protected]. Any direct or third party applications will be submitted to Rutherford Cross for assessment.

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