Martin Mellor, Managing Director of industrial property specialists, Network Space Investments (NSI) is to retire at the end of March, following 28 years with the company.

Mellor joined the North West based business, part of Network Space Holdings, in 1996 as Development Manager. During his time with the company he has led each of its development, asset management and investment divisions.

Mellor will move to a non-executive Director role for NSI. Investment Director, Tom Dawson will take over as Managing Director, having joined Network Space in 2021. Property Director, Helen Gordon, who has been with the company for 20 years, has also been promoted to Board Director.

Since joining the company, Dawson has been implementing NSI’s acquisition strategy which is focused on value-add industrial investment property across the North of England. In the last two years, targeting well-located, single and multi-let opportunities, the team have acquired assets with a combined value in excess of £25m. This includes Europa Way in Trafford Park, a Threadneedle portfolio and a number of sale and leaseback transactions.

Helen Gordon will continue to drive the rental and capital value of the NSI portfolio across its operating regions through pro-active asset management. The current portfolio has witnessed substantial rental growth in recent years and strong occupier demand will continue to offer further opportunities for NSI to enhance value.  

Martin Mellor commented: “It has been an absolute pleasure to work at Network Space for so many years and be part of its growth into what is now a nationally recognised and respected property company. As has been well documented, the industrial market has experienced an incredible shift in occupier and investor demand in recent years. I believe this is very likely to continue and Network Space is well positioned to capture opportunities which will no doubt present themselves in the future. Tom will lead a talented team who are very committed to the business and have vast industry experience.”

Tom Dawson added: “We wish Martin the very best for his well-earned retirement, and I am sure we will continue to benefit from his expertise in his new role as non-executive Director. “We have a well located and high-quality existing portfolio and looking ahead, are very confident about its future growth prospects. NSI remains focused on the acquisition of modern and sustainable real estate, in established locations, where we consider growth prospects will be strongest.”