HG Group launches HG Living with two new hires

HG Group launches new property development company - HG Living – and makes two new senior hires.

Craig McPhail, Director and Board member (L) and James Young, Executive Director (R) at HG Living | PBSA News
Craig McPhail, Director and Board member (L) and James Young, Executive Director (R) at HG Living.

The HG Construction Group launches HG Living Ltd, a new property development company specialising in purpose-built student accommodation (PBSA), Build to Rent and affordable housing schemes. 

The company has made two key appointments in line with its strategic growth plans. Craig McPhail joins HG Living as Director and Board member at the start of April, following a move from Montagu Evans where he was a Partner and Head of Alternative Living. James Young joins the team as Executive Director from The Collective.

Craig McPhail is a recognised specialist in the field of residential development, student accommodation and investment. He has overseen acquisitions and sales with a GDV in excess of £1bn over the last five years.

“I am delighted to join the team as the business moves ahead with significant expansion plans. As a valued client of Montagu Evans, I have worked with HG for the past six years, developing strong relationships in the process. HG Living is well placed to maximise opportunities in the PBSA, Build to Rent and affordable homes sectors for our institutional funding partners, offering an enviable combination of construction and development expertise. With several new projects in the pipeline, this is an exciting time for the business, and I look forward to forging more productive client relationships and adding value to HG Living’s offering in my new role.”

Craig McPhail, Director and Board member, HG Living

At HG Living, Craig will work alongside Director Rob Greaves to oversee the day-to-day management of the business – based at the company’s London offices. Craig will assume responsibility for the sourcing and identifying of appropriate sites across the UK, the appraisal and acquisition of these opportunities, and the sale of developments in line with the Board’s objectives.

“We are delighted to be launching HG Living after several years’ work behind the scenes to grow the development arm of the HG Group under HG Developments.  We have established a solid track record in managing the construction and development risk for our funding partners, providing a seamless end-to-end service and delivering quality residential schemes with certainty. 

“Craig and James bring a wealth of development experience to our team and we are confident that these new appointments will enable us to expand our presence in the residential rental and affordable homes sectors, as well as continuing to deliver high quality student housing schemes. I would like to formally welcome Craig and James to the team as we enter a new chapter for HG Living and look forward to working collaboratively to bring much needed homes to the market at scale and at speed.”

Christopher Benham, CEO, HG Construction Group

Through its previous development business – HG Developments – the HG Group has a proven track record of securing prime sites for the student housing and residential rental markets, delivering development projects with a combined value of over £250m for its institutional partners to date.