London — The Dot Group has appointed Paddy Allen to the role of CEO of Kinetic Capital, the London-based firm’s purpose-built student housing lending arm. Allen will join the business towards the end of the summer. He currently serves as head of operational capital markets at Colliers. Prior to joining Colliers, Allen was a partner at Cushman & Wakefield.
Steve Grant, who has led the Kinetic business since its launch in 2020, will concurrently transition over to the role of chief corporate development officer for The Dot Group. In his new position, Grant will be responsible for corporate development globally, leading major transactions, partnerships and new market development across all of The Dot Group’s businesses. Prior to joining The Dot Group, Grant was chief financial officer for Urbanest.
“Having worked with Steve for over 20 years, his unrivalled knowledge of the group and deep sector expertise will be instrumental in achieving strategic and focused growth,” says The Dot Group CEO, Nicholas Porter. “This move signifies the level of opportunity that exists for our Group and appetite to build out our growing team and attract high-calibre talent.”
“Steve and Paddy are exceptional executives with significant experience in the purpose-built student accommodation sector who will play key roles in Dot’s future success,” he continues. “Paddy’s expertise in student housing and debt supports and accelerates Kinetic’s growth, building on the strong foundations laid by Steve and the team. I am incredibly excited about what lies ahead, and I am looking forward to welcoming Paddy to form part of the Dot journey.”