Essential Living bolsters finance team

Essential Living, a developer and manager of homes for rent, has strengthened its finance team with the hiring of Gavriel Merkado as its new analyst.

He will support the company’s finance team in assessing opportunities, running investment appraisals and supporting financial management across the company’s expanding portfolio of sites across the South East.

Prior to joining Essential Living, Gavriel was a corporate analyst at H4A LLP for three and a half years. At H4A LLP, he conducted financial modeling for the bond financing of large scale forward-funded and build to rent schemes.

Gavriel has also held positions at Quintain Estates & Development Plc, BMCM and Jubilee Financial Products.

He holds an MSc in Banking and International Finance from Cass Business School.

Essential Living is leading the creation of a Build to Rent sector – where homes are built from the ground up for long term rent, rather than being sold off to individual purchasers.

Research by Savills predicts that this approach could drive around £30 billion into building new homes over the next five years.

The London-based company is planning a pipeline of 5,000 homes for rent across London and the South East.

Robert Hill, finance director at Essential Living’s said:

“As Essential Living moves forward with its eight planned Build to Rent schemes in London and the South East, it is crucial for us to have a strong finance team. With Gavriel’s strong background in modeling financing for Build to Rent developments, he will be a real asset, and I welcome him to the team and the company.”

Gavriel Merkado, analyst at Essential Living, said:

“Essential Living is planning to develop some of the most exciting and interesting Build to Rent schemes in the UK, and I look forward to bringing my financial expertise to the company.”