Nicholls brings over 30 years of experience in the sector and will oversee Wates Residential’s ambition to be a leading development partner in London.
It marks his second time at Wates Residential, returning after four years of pursuing his own projects in the industry.
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He will report into Phillippa (Pip) Prongué who starts in January as Executive Managing Director, taking over from Helen Bunch who is retiring early next year.
Bunch said: "The housing crisis is one of the biggest challenges facing our capital. Paul’s expertise will help us accelerate the deployment of private investment to support the delivery of both the GLA and Government’s ambitious housing targets.
"He re-joins a team that is much more regionalised than it was previously, a decision we made to get closer to our customers and projects. He will bring renewed drive to an already-strong Board and team within the London region."
