What's Happening?
Pete Mallinder, a veteran director at Savills, has announced his departure from the company, effective at the end of March 2026. Mallinder, who was instrumental in establishing Savills' Manchester office in 1996, has been a significant figure in the regional property scene. His career at Savills spans nearly three decades, during which he played a crucial role in the growth of the Manchester office into the firm's largest regional hub. Nick Penny, joint head of UK investment at Savills, praised Mallinder's contributions, noting his integral role in both regional and national investment teams. Mallinder's departure follows the retirement of Mark Ridley, another founding member of the Manchester office, at the end of 2025.
Why It's Important?
Mallinder's departure
marks the end of an era for Savills, particularly in the Manchester region where he has been a pivotal figure. His leadership helped transform the Manchester office into a major player in the regional property market. The transition may lead to changes in the strategic direction of Savills' operations in the North, potentially affecting investment strategies and client relationships. As Mallinder embarks on new ventures, his legacy at Savills is expected to continue influencing future generations within the company. The change in leadership could also open opportunities for new talent to emerge within Savills, potentially altering the dynamics of the regional property scene.
What's Next?
With Mallinder's departure, Savills will likely undergo a period of transition as they seek to fill the leadership void left by his exit. The company may appoint a new director to oversee the Manchester office and Northern investment team, which could lead to shifts in strategic priorities. Stakeholders, including clients and employees, will be watching closely to see how Savills navigates this change and whether it impacts their operations and market presence. The transition may also prompt Savills to reassess their investment strategies in the region, potentially leading to new initiatives or partnerships.
