Essensys hires former Blackstone director as non-exec

Proptech firm Essensys has named two new non-executive directors as it prioritises international expansion.

Elizabeth Sandler

The London-listed company, which develops software for the co-working and flexible workspace industry, said Elizabeth Sandler and Alex Notay will join its board with immediate effect. Sandler will be chair of the company’s remuneration committee, while Notay will sit on its audit and remuneration committees.

Sandler has previously held roles including the chief operating officer of Blackstone’s $15bn (£11.4bn) real estate debt strategies division, as well as COO of various units at Deutsche Bank, including its commercial real estate business. Most recently, she founded Echo Juliette, a workplace investment consultancy.

Notay is a build-to-rent fund director at PfP Capital, the fund and asset management arm of Places for People. Earlier in her career she founded a consultancy advising real estate clients including Grainger, Grosvenor, MSCI and the European Investment Bank. She also holds board positions at property organisations including the Creative Land Trust, Sound Diplomacy and LandAid South West.

Alex Notay

Essensys chairman Jon Lee said the new hires’ know-how will bring “enormous value to Essensys as we drive forward our plans for long-term organic growth and international expansion”.

Last October, chief executive Mark Furness told EG that Asia will be a focus for the business as it grows globally.

“All forecasts point to, in 2021, the Asia Pacific market being the biggest global market for flexible workspace,” Furness said. “It would seem sensible that we have a plan for that market in the near-term, and we are in the early stages of developing that. We proved with our entry to the US we like to be meticulous, forensic in our approach to market entry.”

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