Property consultancy Bidwells has chosen Patrick McMahon to continue as senior partner for a further four years when his current term ends in December 2017. Despite senior partners customarily serving a maximum of two terms, the firm’s partners voted unanimously for McMahon to lead the firm for an “unprecedented” third term.
The decision will see McMahon, who joined the firm’s London Investment team in 1989 and took up the role of senior partner in 2009, retain the role through to 2022.
McMahon has led on a number of mixed-use development schemes including advising Brookgate on the delivery of CB1, Lord Rogers’ 1.6 million square feet masterplan vision to redevelop the area around Cambridge city station.
The company reported that in McMahon’s previous seven years as senior partner, Bidwells operating profit has grown by 118 per cent to over £6 million a year, average partner earnings have increased by over 40 per cent and borrowing has reduced from £5 million to zero.
McMahon commented: “I have had the privilege of leading the firm for a number of years and I am proud of the things we have achieved together in that time.
"The firm is as financially and culturally strong now as it ever has been in my time at Bidwells. I am also proud of the fact that we’re a bit different, we’re not distracted by global expansion and can choose the markets that offer the greatest opportunities for our clients.”