HTA Real Estate recruits Richard Scott
Scott joins the Newcastle-based industrial property consultancy as director, following more than 25 years in the industry.
During his career he has spent four years at Savills as director, national industrial & logistics; four years at Cushman & Wakefield as partner, national industrial & logistics; six years as partner and Sanderson Weatherall; as well as stints at Langtree Commercial Property, Tees Valley Unlimited, and Helens Development.
He started his career with seven years at GVA, which was acquired by Avison Young.
The appointment comes as HTA closes on a record year for transactions, handling more than 875,000 sq ft of industrial property deals.
This includes the 139,000 sq ft letting to JATCO at IAMP on behalf of Sunderland City Council, and the 108,000 sq ft letting to Wolseley Group at Greenbox Darlington, on behalf of developer Citivale.
Scott believes that although there are economic challenges, the delivery of industrial developments such as Greenbox, IAMP and Turbine Business Park are vital to provide much needed new supply and support the growth of the regional economy.
He said: “Economic factors such as the increase in the rate of employers’ National Insurance Contributions has led to some companies putting potential expansion plans on hold and the Trump tariffs are also creating some uncertainty in the global financial markets which hinder investment decisions.
“Despite these headwinds, the industrial sector remains the strongest of the commercial property markets with healthy levels of demand for good quality stock.
“There continues to be a shortage of supply across almost all size ranges, so new development is essential to accommodate the requirements of expanding businesses in the region and companies looking to invest here.
“I am very pleased to be joining HTA Real Estate, which boasts an excellent reputation and a very strong instruction book.”
Director Simon Hill said: “We have had an excellent year so far and we are on course for a record year of deals in 2025.
“Richard is a very highly regarded operator and will play an instrumental role in the growth of the firm in the years ahead. We are delighted to bring him onboard.”
