CBRE has appointed of Phil Cann as UK head of investment properties from 1 June.
Cann who currently leads CBRE’s UK retail team, will be succeeded by Rhodri Davies, the current head of the UK retail investment team.
Cann has been at the helm of CBRE’s 160-strong UK retail team since 2013, having succeeded Ciaran Bird following his promotion to UK managing director.
Cann joined CBRE in 2005 through the acquisition of Dalgleish & Co. He has advised on high-profile retail investment transactions including the biggest deal in the UK in the immediate aftermath of the EU referendum, British Land’s £400m sale of Debenhams’ flagship store in Oxford Street. The following £700m of London retail sales in H2 2016 made a record year for the central London retail investment team.
Cann will continue to specialise in retail property investment with a particular focus on central London. He will work closely with CBRE’s leading EMEA and global capital markets teams and EMEA capital advisors team led by Richard Dakin.
Davies joined CBRE in 2010 and advises large shopping centre, retail park and factory outlet investors in the UK. He and his team were involved in nine of the 10 top retail investment deals in 2016, including three of the largest shopping centre transactions: the sale of QICs 50% interest in intu Merry Hill for £410m, the purchase of intu Bromley for £236m and the purchase of Grand Central in Birmingham for £345m.
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