McCarthy & Stone chooses Powerscourt

Retirement homebuilder McCarthy & Stone has hired Powerscourt to advise on its financial and corporate comms, following a competitive pitch.

McCarthy & Stone floated on the London Stock Exchange in November 2015 and it has committed to invest £2.5bn in building over the next four years. The company has a 70% market share of building retirement properties in the UK. The company expects to enter the FTSE250 in March.

Directors Justin Griffiths and Nick Dibden will lead the Powerscourt team, with support from Mazar Masud and Georgianna Vaughan.

Griffiths said: “McCarthy & Stone is a terrific win for our fast growing housebuilding and real estate practice. We look forward to working with the management team to help tell a great story to the City and strengthen the Company’s position as a key commentator on some of the most critical factors impacting on the UK housebuilding sector today.”

Paul Teverson, director of communications at McCarthy & Stone, added: “The Powerscourt team demonstrated a real hunger to work with us, creative thinking around our corporate positioning and an excellent understanding of our business, our position in the market and our growth ambitions.”