Cushman & Wakefield Healey & Baker has hired a director from Atisreal to develop a public sector strategy team.
Michael Sudlow will join as a partner and head of the new team, which plans to tap into the growing need for government bodies and local authorities to use property to raise capital.
CWHB is advising the Cabinet Office on its property review and is keen to win similar appointments. It plans to build a team of up to 10 people within the next year.
Sudlow’s key instructions at Atisreal included advising Newham borough council on its development agreement with Stanhope/Chelsfield for Stratford City.
Sudlow said: “The public sector is ripe for change and opportunities for strategic real estate solutions are limitless.”
The team will form part of CWHB’s advisory group headed by Bryan Laxton, which is working for Boots on its proposed £250m sale-and-leaseback of 300 stores.
It will sit alongside the existing corporate strategy team, run by partners Matthew Stone and Adam Calman.
Laxton said: “We anticipate a continued increase in demand for strategic property advice from government bodies and local authorities.”
References: EGi News 03/05/05
