CBRE, the world’s leading real estate advisor, has launched a Small Caps team, a new initiative focused on deals valued at £10m and below. This is a bespoke offering from CBRE, including a team in Yorkshire, created to maximise its expertise in advising on smaller transactions as well as large lots.
CBRE’s regional network of offices provides a comprehensive, cross sector service with unrivalled market intelligence across the UK regions. In 2016 alone, CBRE was involved in 207 deals under £10 million, totalling £785m. The development of a focused Small Caps team, which will cater specifically to this market, will help highlight CBRE’s wider market capabilities, outside of the high profile transactions, and drive revenue growth.
CBRE’s Yorkshire Capital Markets team will play an integral role in the company’s new National Investment ‘Small Caps’ team. The Yorkshire team has transacted more than 15 sub-£10m deals in the last year, totalling approximately £60m. Robin Bullas based in the Leeds office will be the point of contact for the Yorkshire team.
Robin Bullas, Director, CBRE’s National Capital Markets team, Leeds commented:
“2017 is set to be a strong year for the Yorkshire team who have already completed 5 sub £10 million deals in the first few months of the year, including the acquisition of the multi let offices Gallery House on the Headrow and Phoenix House on South Parade in central Leeds, as well as the high-profile acquisition of the iconic Leeds shopping centre ,the Corn Exchange .”
PJ Thibault, Executive Director at CBRE and Head of the Portfolio and Special Situations team, will chair the new initiative with dedicated leaders specialising in individual sectors and regions across the UK.
PJ Thibault comments: “CBRE is well known in the UK market for transacting on large, high profile lot sizes, but is less associated with successes in small cap markets. The foundation of our business is to provide expertise in all deals no matter what the size and the Small Caps team will provide a tailored, bespoke service to investors looking at these smaller transactions.
“The real estate market is changing rapidly and small commercial real estate deals have grown increasingly attractive to investors wishing to step up the property ladder from the auction market or move across from residential investment. By establishing a team with a real focus on this area of our business we will improve the service we offer clients and further increase our market coverage,” continued PJ Thibault.
