Legal & General’s Bill Hughes has been appointed chairman of the Property Industry Alliance.
Hughes, head of Legal & General Investment Management’s real assets platform takes over from Sir Robert Finch who has been chairman of the industry body for the past five years.
In his new appointment Hughes will continue the work of the body including its “Vision for real estate finance in the UK” project which is working with the Bank of England to create a more stable lending market.
Hughes said: “The Property Industry Alliance plays an integral part in voicing the role that UK commercial property plays in the wider UK economy and its importance in improving the totality of the built environment. I am honoured to be asked to take on the role of chairman and very much look forward to strengthening that voice.”
Members of the PIA include the Association of Real Estate Funds (AREF), British Council for Offices (BCO), British Council of Shopping Centres (BCSC), British Property Federation (BPF), Commercial Real Estate Finance Council Europe (CREFC Europe), Investment Property Forum (IPF), Royal Institution of Chartered Surveyors (RICS) and the Urban Land Institute (ULI).
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