Lloyds confirms change at the top of commercial real estate team

By James Buckley - Tuesday, August 08, 2017 16:54

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Lloyds Bank Commercial Banking has confirmed it has appointed Madeleine McDougall as head of the lender’s commercial real estate team.

In an appointment first revealed by CoStar News in May, Madeleine McDougall, previously head of institutional clients, replaces John Feeney, who was appointed to lead Lloyds’ Global Corporates division earlier this year.

McDougall joined Lloyds in 2014 having previously held senior roles at European banks and institutions including Deutsche Pfandbriefbank, WestImmo and Eurohypo AG.

In her previous role, McDougall grew Lloyds’ exposure to private equity, pension and sovereign wealth fund clients, helping it become the UK’s most active commercial real estate distribution bank.

Madeleine McDougall said: “The UK is in the midst of a period of transformation in the way we live, work and socialise and the commercial real estate sector is at the forefront of this. With our market reach, we can quickly identify these trends and develop new opportunities with and for our clients.

“I am proud to be able to lead the strategy and business activity for Commercial Real Estate during a time of unprecedented change. Our aim is ensuring we provide a strong, sustainable business for our clients, now and in the future.”

Feeney added: “Since joining Lloyds, Madeleine has helped the bank become increasingly relevant to a wide variety of clients. I know she will lead the Commercial Real Estate business with energy and vision, helping to develop our ambitions in the sector.”

In her new role, McDougall reports to Feeney and is a member of the Global Corporates executive committee.

In 2016, Lloyds’ provided £8.6bn of new funding to the UK’s commercial real estate sector, comprising on- and off-balance sheet financing.

Among notable transactions so far in 2017, it provided a £47m development financing loan to HB Reavis to fund a modernisation of 61 Southwark Street in London, led the €500m debt refinancing of Unibail-Rodamco SE – Europe’s largest commercial real estate business – and arranged two deals totalling £409m for Lazari Investments, allowing it to refinance six of its key central London assets.

jbuckley@costar.co.uk

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