Cushman spends it on Beckham
City investment guru James Beckham is to leave JLL to move to Cushman & Wakefield to lead the firm’s London Capital Markets practice.
Beckham joins Cushman & Wakefield after building King Sturge’s City of London Capital Markets business up from scratch in the late 1990s before King Sturge merged with JLL in 2011.
At JLL, Beckham was an International Director in its City Investment business.
Having spent more than 25 years advising a broad range of REITs, sovereign wealth funds and both private and institutional investors in the UK and internationally on the disposal and acquisition of City of London investments, James has numerous high profile transactions to his credit. Recent instructions include the £472 million sale of Ropemaker Place for British Land and the £315 million purchase of Bankside for M&G.
Beckham will work closely with Cushman & Wakefield’s UK Chief Executive and Head of London Markets Digby Flower, alongside Head of City of London Capital Markets James Crawford – who joined from Savills last year – and other senior members of the Capital Markets team in the City and West End to grow the business and lead the push for a greater share of the London investment market.
The hire will also strengthen Cushman & Wakefield’s leading global investment team – Beckham will co-ordinate efforts from London by working with colleagues from Asia, the Americas and Europe to ensure the firm is at the centre of international real estate capital flows.
Cushman & Wakefield’s UK Chief Executive, Digby Flower, said: “James Beckham is without doubt one of the most respected investment agents in the market. He has an enviable track record in being involved in some of the largest transactions which have come onto the market in recent years and is extremely well positioned to spearhead the continued growth of our London Capital Markets business.”
James Beckham, Partner and Head of Cushman & Wakefield’s London Capital Markets group, said: “The opportunity to lead Cushman & Wakefield’s Capital Markets business in London was simply too good to ignore – I’m looking forward to working closely with the team to proactively capture additional market share and grow revenue significantly for the practice in the near future. I have great respect for JLL’s people and trust at Cushman & Wakefield we will be doing a lot of business together.”
Across EMEA, Cushman & Wakefield’s Capital Markets teams transacted and advised on more than €26bn of real estate deals last year, while the first half of 2014 has seen a raft of high profile transactions which has placed the firm at top UK broker for H1 in CoStar’s investment league table.
Chris Ireland, Lead Director UK Capital Markets at JLL, said: “James has been a valued member of our firm for many years and played a key role building our established City Investment team since he joined 18 years ago. We would like to thank James for his contribution to the firm and we wish him well for the future.”