Monday, July 15, 2024

CBRE demonstrates ongoing commitment to retail with senior regional hire

Real estate advisor, CBRE, has appointed Stephen Proudley as executive director and head of Northern retail.

Stephen will be responsible for spearheading CBRE’s retail offering in the North, using his knowledge, regional expertise and extensive client relationships to further elevate CBRE’s position in the sector.

Stephen joins from Savills, where he has been a director in the retail team for over five years. Prior to this, he was head of North West transactional agency at Lambert Smith Hampton following the firm’s acquisition of Tushingham Moore in 2015. Stephen was one of five equity partners at Tushingham Moore, having joined in 1997.

Stephen has advised on some of the largest occupier transactions and flagship acquisitions across the shopping centre, out-of-town and high street sectors, with clients including Primark, Next and other major retailers.

Stephen’s appointment demonstrates CBRE’s continued commitment to its retail growth strategy, following the firm’s acquisitions of UK asset management and development management firm, Sovereign Centros earlier this month, and independent retail and leisure property consultancy, CWM last year.

John Ogden, Managing Director for the North at CBRE, said: “Stephen brings with him a wealth of experience and has become a recognised, trusted advisor to many leading retailers, notably in the North. His appointment adds regional depth and gravitas to our 125-strong retail team at a strategic, senior level, further enhancing our ability to provide best-in-class service to our clients.”

Stephen Proudley added: “It’s an exciting time to be working in the retail sector, following years of rapid change brought about by evolving consumer shopping habits and the growing demand for experience-led offerings. Activity levels are high, with occupiers seeing the true value of bricks-and-mortar stores and I’m really looking forward to joining CBRE at a time of significant opportunity.”

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