Leeds based development, construction and real estate management business – Torsion Group – has appointed David Worsley as its new COO.
As COO, David will focus on identifying future key development opportunities, securing large-scale funding, and negotiating joint venture partnerships to continue placemaking and deliver the wider Torsion Group business plan.
David will also support relevant business Managing Directors in delivering their growth and business improvement plans within Torsion Developments, Torsion Construction, Torsion Homes and Luna Students.
Over the past six years, Dave has been responsible for assembling the development of over 3,200 purpose-built student accommodation (PBSA) beds and 1,150 residential apartments. He has generated over £710m of capital, including institutional and private equity.
His deal-forming abilities, industry contacts and delivery successes have been instrumental in helping Torsion secure a record number of large schemes over the last 18 months – most recently, Torsion’s £53m JV with Housing Growth Partnership in Sheffield.
“It gives me great pleasure to promote Dave Worsley to the role of Chief Operating Officer and Ed Wootton to Managing Director of Torsion Developments. Alongside myself, Dave Worsley was integral in founding Torsion Developments and has been instrumental in our growth and positioning as a market-leading developer. His continued and dedicated focus in this area will help us forge ahead in our core sectors.
“Dave is delivering the strategic growth plan in the sector by finding innovative solutions to provide funding for schemes and unlock developments. This allows us to secure an exciting pipeline of projects by working closely as developer, contractor and operator.”
Dan Spencer CEO, Torsion Group
With Dave’s move to COO, Ed Wootton takes on the responsibility of Managing Director for Torsion Construction and Torsion Developments. He will provide a continuation in the smooth running of both businesses, whilst injecting his passion for the future sustained and prolonged successful delivery of their schemes.
Since becoming MD of Torsion Construction, Ed has provided energy, clear direction and strong strategic leadership. His efforts have allowed the company to implement a new regional operating structure and deliver significant business improvement plans across all disciplines.
Ed has a wealth of experience in developments and construction, with a career spanning 35 years. He will continue to provide clear direction and strong leadership to both these businesses to ensure Torsion continues to deliver exceptional projects on time and within budget.
“Ed’s appointment has provided a single, clear leadership structure that enhances project outcomes and strengthens our ability to offer clients end-to-end solutions. It has culminated in a record number of new projects for Torsion over the last 12 months.
“Aligning our senior leadership team to satisfy the needs of the business will help us deliver further growth and ensure we continue to exceed investor and client expectations whilst delivering our long-term business plans.
“The delivery of Torsion’s strategic vision, implemented 18 months ago, enables Torsion to align its construction and development businesses further.”
Dan Spencer CEO, Torsion Group
In 2023, Torsion Group was listed in The Times (Sunday Times) Best Places to Work, Large Business of the Year at the Yorkshire Post Excellence in Business Awards, and Developer of the Year at the Property Week Student Accommodation Awards.
This promotion follows several announcements from the company this year, including the acquisition of five PBSA schemes with joint venture partner Zenzic Capital, a £26.2m finance deal with Atelier for a new PBSA development in Warwick, a loan to deliver a 183-unit PBSA development in Leeds, and the appointment of a new Managing Director for Luma Students.
