Cubex aiming for further growth in Bristol and beyond with new director on board

January 12, 2022

Bristol-based property developer Cubex, best known for its Finzels Reach regeneration project in the city, has appointed Joe Downey as director.

Joe, pictured, who has a proven track record in property acquisition and development, will head the business alongside managing director Peter Walford. He has also bought into the business to become a shareholder. 

Joe joined Cubex a year ago having previously been managing director of London-based property investor and developer Queensbury Capital, which he founded and was later backed by Fiera Real Estate, the UK and Canadian investment management company that also funds Cubex’s developments.

Prior to this he acquired and developed property for FTSE-listed Fraser Group.

Cubex has been developing and investing in property in the South West and South Wales since 2004.

With Fiera it recently acquired a 12-acre site next to the M5 near Highbridge, Somerset, where it aims to speculatively build a grade A 160,000 sq ft logistics unit.

The deal was Joe’s first since becoming a shareholder in Cubex and represents the firm’s shift towards the logistics market.

Joe said: “With a number of deals poised to complete in the coming weeks, combined with a strong portfolio of newly acquired and live projects, it’s a very exciting time to be taking up the role of director at Cubex.

“The South West and South Wales are among the most undersupplied regions in the UK when it comes to high-quality logistics space, so there’s a huge opportunity here to meet growing demand in this market. 

“We also expect to see the continued growth of build-to-rent, alongside private sale and affordable housing schemes as urban populations continue to rise.

“With an excellent track record in delivery combined with deep local knowledge and property expertise, Cubex has an exceptionally strong future ahead of it and I’m very much looking forward to being a part of its growth.”

Cubex managing director Peter Walford added: “Joe brings with him significant property expertise and business acumen which will be invaluable in leading and shaping the future of Cubex in the years to come.

“There is significant potential in the residential land and logistics sectors as we look ahead to 2022 following a successful year.

“With a strong development pipeline and excellent team in place, it looks set to be another exciting year for Cubex.”

Cubex is currently developing the second phase of its major regeneration project at Finzels Reach, pictured, which has transformed the former Courage Brewery site opposite Castle Park into a mixed-use, balanced community including high-quality homes, cutting-edge offices, a hotel, restaurants and cafes.

The second phase includes Millwrights Place, a 231-home build-to-rent scheme, and Coopers Court, which will consist of 66 affordable homes, as well as Halo, a landmark, sustainable 116,000 sq ft office building, two-thirds of which have been pre-let to legal firm Osborne Clarke.

Comments are closed.


Reach tens of thousands of senior business people across Bristol for just £120 a month. Email for more information.