Foxtons veteran Andrew Weir has joined property adviser London Central Portfolio (LCP) as its new chief executive in a shake-up of the business. Long-standing CEO Naomi Heaton is to become chairman.

Andrew Weir has left the London agent after more than 30 years with the brand where he started as a sales negotiator and worked up to area manager, managing director and most recently chief sales officer.

Weir was involved with Foxtons in its early stages as a private business through to being a venture capital-backed firm to its stock market listing in 2013.

In his new role e will be supported by Liam Monaghan who was recently promoted to managing director at LCP, a long-standing property investment company which specialises in central London.

Weir said: “I am enormously excited to be joining such a well-regarded firm as LCP, which has established an enviable reputation in the prime central London market, due to its exceptional buying expertise and industry knowledge.

“LCP has impressed me so much with its professionalism and dedication to service. I am really looking forward to using my experience gained during a 30-year tenure at Foxtons to help build the brand further and increase its market share.

“I look forward to taking it on to the next stage of its development and guiding it through the uncharted territories that 2020 will undoubtedly bring.”

Naomi Heaton, founder of LCP and current chief executive, will become chairman of the LCP group of companies.

She will concentrate on the new joint venture established with APG, the Dutch-based pension fund, launching what  is claimed to be a new concept in prime central London accommodation.

Heaton said: “Andrew has unparalleled experience within the prime central London residential market, having been involved in the development of the Foxtons brand from its early days, through to private equity ownership and initial public offering.

“His experience spanning new business growth, team building and brand development will be an invaluable asset to LCP.

“This will be a step change for the company, allowing me to focus on other areas of business development.”