Montague to chair London developer Joseph Homes after 12 years at the helm of L&Q 

London developer Joseph Homes has appointed former L&Q chief executive David Montague as its new chair.

Joseph Homes said that Montague, who led L&Q for the past 12 years prior to his departure at the start of this year, was the “immediate and obvious choice for the role”.

Montague (pictured) has also been a non-executive director at housing association lender The Housing Finance Corp Ltd since May last year and was a non-executive director of the National Housing Federation, where he chaired its audit committee, for six years until December 2019.

David Montague L&Q

Joseph Homes, which was founded in 2008 by chief executive Joseph Rajah, has a number of active schemes in the capital including the 32-storey Sylvan Grove tower on the Old Kent Road, which is set to provide 219 homes.

Planning was also approved in May last year for One Vinyl Square, a 134-home block within the £250m masterplan for the Old Vinyl Factory site in Hayes.

Montague said: “The reason I committed so much time to L&Q is because I believed in their mission, and that’s exactly why I decided to join Joseph Homes.

“The mission they’re working towards is both honourable and ambitious and I want to help Joseph Homes make an impact nationally, in both the private and public sectors.”

The developer had a turnover of £1.8m in its latest accounts to the year ended 31 May 2019 - down from £6.4m in 2018 - and posted a pre-tax loss of £1.4m.

The firm said the figures were due to reinvesting to support growth.