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Agencies & People

Countrywide chief takes up new role at… another troubled property giant

Himanshu Raja was CFO at Countrywide four years but has left following its acquisition by Connells.

Nigel Lewis

countrywide raja

The clear-out of senior folk at Countrywide has continued following its purchase last month by Connells.

It has been revealed that Countrywide’s Chief Financial Officer Himanshu Raja has left the company and has today moved to commercial property behemoth Hammerson.

He’s clearly a glutton for punishment – the 55-uear-old is joining a shopping centre giant that has been reeling from the effects of Covid as many of its commercial tenants have mothballed or gone bust and high street footfall fell off a cliff during the pandemic.

It has also been struggling to collect rents in advance as each quarter has arrived.

Raja had an instrumental role in running Countrywide during its darkest days during and after the departure of Alison Platt in 2018.

He joined in 2017 and along with chairman Peter Long and the rest of the estate agency’s board tried to recover the ground lost by Platt and find a financial solution to its huge debts – which eventually led to its acquisitions by Connells.

“Himanshu is an experienced CFO who brings a blend of strong financial, strategic and leadership qualities,” said Hammerson chief executive Rita-Rose Gagné.

“On behalf of the board, and all colleagues I look forward to welcoming him to the company and benefitting from his insight and experience.”

Raja will earn a gross annual salary of £430,000, an increase of £20,000 on his Countrywide gross salary.

April 26, 2021

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