Nick Rit­blat fol­lows his fa­ther’s foot­steps up the prop­erty lad­der

The Jewish Chronicle - - PEOPLE -

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.”

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