CBRE announces UK investment properties and UK retail chief appointments

By Paul Norman - Wednesday, May 10, 2017 11:10

CBRE has appointed Phil Cann as UK Head of Investment Properties with effect from 1 June. Cann, who leads CBRE’s UK Retail team, will be succeeded by Rhodri Davies, the current head of the UK Retail Investment team.

Phil Cann (pictured) has led CBRE’s 160-strong UK Retail team since 2013 having succeeded Ciaran Bird in this role following his promotion to UK Managing Director.

Cann joined CBRE in 2005 through the acquisition of Dalgleish & Co.

In recent years, Cann has advised on a number of high profile retail investment transactions including what was the biggest deal in the UK in the immediate aftermath of the Referendum, British Land’s £400m sale of the Debenhams flagship store in Oxford Street. CBRE said this was the catalyst for a further £700m worth of London retail sales in H2 which made 2016 a record year for the Central London Retail Investment team.

Cann will continue to specialise in retail property investment with a particular focus on Central London. He will work closely with CBRE’s EMEA and Global Capital Markets teams and also with CBRE’s EMEA Capital Advisors team led by Richard Dakin.

Rhodri Davies joined CBRE in 2010 and advises many of the largest shopping centre, retail park and factory outlet investors in the UK. CBRE said he and his team were involved in nine of the 10 top retail investment deals in 2016 including three of the largest shopping centre transactions -the sale of QICs 50% interest in intu Merry Hill for £410m, the purchase of intu Bromley for £236m and the purchase of Grand Central in Birmingham for £345m.

The appointment of a new Head of UK Retail Investment will be announced in the coming weeks.

Ciaran Bird, UK Managing Director, CBRE said: “I am delighted that Phil has agreed to take on the important role of leading our 170-strong UK Investment Properties team. Phil’s proven leadership skills and investment expertise in the UK and with overseas investors, means this key promotion will further strengthen our ability to harness the full power of our teams across all sectors around the UK and the use of our market knowledge to deliver exceptional outcomes for our clients.

“Our retail team has gone from strength to strength during Phil’s tenure and I am delighted that Rhodri has agreed to take on this important leadership role to spearhead the growth and development of our unrivalled retail offer and ensure we continue to provide best in class advice and service to our retailer and landlord clients.”

pnorman@costar.co.uk

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