Nick Ritblat follows his father’s footsteps up the property ladder
SIR JOHN is not the only famous Ritblat building success on bricks and mortar. His son Nick, widely regarded as a growing force in the UK property market, has just been appointed strategic adviser to Deloitte’s real-estate practice. The part-time post involves advising clients and facilitating transactions.
Mr Ritblat had spent 19 years working at Sir John’s property company, British Land, one of the most successful listed companies in its sector. Ritblat junior left two years ago, and has since set up two nonproperty hedge funds. He is also a former president of the British Property Federation.
His brother Jamie Ritblat is also in the property game, currently as chief executive of Delancey. So, all in all, the Ritblat family has done rather well out of property. Indeed, the recent Estates Gazette Rich List estimates its wealth at £110m.
So is this a difficult time for Nick to be taking on such a role, in light of the market volatility? “I think it is a very interesting time as the market is changing,” he tells People. “I am very confident about the future. There are lots of opportunities.” He adds: “I am greatly looking forward to working with Deloitte and especially in a role which will enable me to continue making a contribution to the success of the UK property market.”