CBRE has strengthened its capital markets team in Scotland with the appointment of Andrew Shiells as a senior director.
He joins the real estate advisor from JLL and has over 20 years’ investment experience, advising a range of clients in the commercial real estate industry. He also held roles with Lambert Smith Hampton, Knight Frank and DTZ.
CBRE stated that Andrew has advised on some of Scotland’s largest investment deals in recent years including the sale of office development 2 Semple Street in Edinburgh to La Francaise REM in which he acted for the owner, GSS Developments. He also represented the purchaser Kennedy Wilson in the acquisition of Waverley Gate in Edinburgh, and he sold 123-129 Buchanan Street in Glasgow to Ediston, acting for the vendor Abrdn.
In his new role Andrew will advise CBRE’s clients across Scotland on acquisitions, disposals, asset management and funding of real estate assets.
He said, “I am excited to join CBRE capital markets, a hugely successful and ambitious team with a strong history of deal-making in the Scottish market. I’m particularly looking forward to working with new and existing clients, alongside the wider team, as I believe that the flattening of recent inflation and interest rate rises will provide some powerful opportunities for well advised investors.”
Steven Newlands, head of capital markets for CBRE Scotland, added, “Andrew brings an abundance of experience, a strong track record and an unrivalled knowledge of the Scottish real estate market. We have ambitious plans for the business; Andrew is evidence of our commitment to appoint the best talent in the market so we can continue to provide a top-class service to our clients whilst looking to grow our revenue.”
