CB Richard Ellis has appointed valuer David Bruce-Clarke to its retirement village valuation team.
Bruce-Clarke will assume the position of senior director of CBRE’s retirement housing and healthcare team.
He was previously a director at independent property advisory firm m3property. He has provided a wide range of valuation and advisory services for Stockland, AMP Capital Investors, Prime Trust, Cbus,
Bruce-Clarke said the seniors living sector had emerged in recent years as a viable investment option for major institutional investors.
“The sector was a sleeping giant for many years and was dominated by not-for-profit organisations,” Bruce-Clarke said. “However, in the past two years a series of major institutional deals have highlighted the desire for larger players to enter what is undoubtedly one of the most sought after market sectors at the current time.”
CBRE’s regional director of valuation & advisory services Brent McGregor said the firm’s retirement team currently comprises nine valuers in
“We’re actively looking to expand the team given the growth occurring in the seniors living market.
“David has an extremely strong track record and is one of only a small number of recognised senior valuers operating in this sector in the Pacific region,” McGregor concluded.
Australian Property Journal
