CBRE has appointed Martin Priestley to head up its new debt origination and loan servicing business.
Priestley was previously managing director of Moss Capital with close to 30 years experience in the finance and funds management sector.
He is a board member in various property development and funds management companies, including BB Retail Capital Funds Management, Timpetra Resources and Ord Minnett.
Priestley has also held senior executive roles at BankWest and Ashe Morgan Winthrop, where he served as managing director and CEO for six years. In 2005, he founded financial advisory and strategy services business Bamford Partners, which was responsible for the launch of financial services software provider the LTX Group of Companies. After Bamford merged its activities into Moss Capital in 2012, Priestley was appointed MD.
CBRE Asia Pacific CEO and chairman Rob Blain said Priestley’s recruitment represented the next evolution for the firm’s capital advisors business, which launched in Asia Pacific early last year.
“We have already made significant inroads, assisting our clients with executing investment strategies and sourcing capital, in the form of both equity and debt.
“Martin’s recruitment signals the extension of this offering to incorporate all forms of secured and unsecured debt origination and loan servicing in line with the highly successful platforms operated by our real estate finance groups in the U.S. and EMEA,” Blain said.
In the 2013 calendar year, CBRE’s U.S. and EMEA finance teams were responsible for circa $US26.9 billion in debt originations (including loan sales). As at December 31, 2013 the combined teams were responsible for managing approximately $US134 billion in loans.
“This is a hugely exciting opportunity to provide commercial property borrowers with real alternatives to bank financing. In North America and Europe borrowers have greater options including the matching of loan durations to tenancy lease terms or syndicate trust maturities for up to ten years. CBRE will now be able to offer similar solutions to its clients across the Asia Pacific region,” Priestley said.
Property Review
