Victoria Towers has been appointed as the new Head of Commercial Real Estate at a prominent London law firm, marking a significant leadership change.
- Victoria Towers, previously a Partner and Co-Head of the Industrial & Logistics team, brings extensive expertise to her new role.
- The Commercial Real Estate division at this firm comprises over 120 dedicated lawyers, highlighting its pivotal industry role.
- Out-going leader Andrew Crabbie will take a sabbatical after 26 years, having contributed substantial growth during his tenure.
- Towers plans to expand key client relationships while maintaining her leadership role in the Industrial & Logistics team.
Victoria Towers has recently ascended to the position of Head of Commercial Real Estate at a leading London-based law firm, known for its real estate and private wealth expertise. Her appointment signifies a pivotal leadership transition within the firm’s most significant practice division. Previously serving as a Partner and Co-Head of the firm’s Industrial & Logistics team, Towers now assumes the responsibility of steering the commercial real estate arm, renowned for its market prominence.
The firm’s Commercial Real Estate division stands out as the largest team with over 120 lawyers solely dedicated to real estate, underscoring its critical influence and stature within the industry. Towers’ leadership is not new to success; she has been a Partner at the firm since 2012 and is celebrated for her proficiency in the burgeoning Industrial and Logistics sector. Her role has been essential in leading multidisciplinary teams through complex development transactions which include forward funding, investment acquisitions, disposals, asset management, and corporate-driven dealings.
Her clientele includes a wide range of entities, from institutions and pension funds to property companies, charities, and private developers. Towers is also at the forefront of the firm’s Environmental, Social, and Governance (ESG) initiatives. This includes collaboration with clients to achieve or surpass the UK’s rigorous sustainability benchmarks, thus reflecting her commitment to environmentally responsible practice.
Notably recognised as a Ranked Lawyer in both the Chambers UK Guide 2023 and Legal 500 2023, Towers succeeds Andrew Crabbie, who significantly expanded the CRE practice over his five-year leadership. After 26 years with the firm, Crabbie is due for a sabbatical, with plans to return in January 2025, where he will concentrate on his real estate investor and developer clients.
In her upcoming role, Towers intends to work closely with Magnus Hassett, the Co-Head of the Industrial & Logistics team and Group Managing Partner for Commercial Real Estate. Her primary focus will be on fortifying key client alliances and exploring new business opportunities within the dynamic and evolving realm of real estate. Towers affirms, “It is a great privilege to take on this role at such an exciting time for the industry, which faces both challenges and opportunities. Developers and landowners increasingly rely on trusted legal advisors to navigate new legislation in areas such as building safety, biodiversity net gain, renewable energy, and planning. I am proud to lead a talented team well-positioned to accelerate the growth of our multidisciplinary cross-sector practice.”
Emily Exton, Managing Partner, comments on the firm’s culture and the leadership transition, “Our strong market knowledge and expert advice are complemented by a diverse, inclusive, and collaborative culture that defines [our firm]. Vicki embodies this spirit and is the perfect successor to Andrew, building on his achievements in growing [us] into one of the market’s leading real estate practices.”
Victoria Towers’ leadership marks a new chapter for the firm’s Commercial Real Estate division.
