Yesterday, CBRE appointed former LaSalle Investment Management exec Chris Brett as Head of International Investment for its UK business. Brett will head a new arm of CBRE in advising international investors wanting access to commercial real estate opportunities withing the wider UK market.
The former Head of European Strategic Partnerships at LaSalle Investment Management Brett is an expert in institutional investing as well as global client services. Also according to the news, one big reason for CBRE creating this new role was the large proportion of commercial investment across the EU in 2012, as well as the percentage of Asian and other offshore investors engaging the London market. Concerning Brett's new position, Simon Blake, Head of Capital Markets, UK, CBRE had this to offer:
"While global real estate investors continue to acknowledge London as one of the most liquid, stable and prestigious markets, they are now also turning to opportunities across the UK and in other key European markets. This interest is being driven by improving confidence in real estate as well as the emergence of new investors with a wider range of return requirements. Chris' arrival at our firm will allow us to further strengthen our relationships with these investors and enhance our ability to provide all our clients with the highest levels of service and advice in the market."
For those unfamiliar, CBRE Group, Inc. (NYSE:CBG) is a Fortune 500 company headquartered in Los Angeles. The world's largest commercial real estate investment firm, the company employs some 37,000 plus professionals in 300 offices worldwide.
For more information about this news, or about CBRE, please visit the links above, or contact Jonathan Tutton - UK Communications Manager, CBRE at: +44 (0) 2071823337