PwC has appointed partner Craig Hughes as the new leader of its real estate practice.
Hughes joined PwC in September after 19 years with Ernst & Young. He takes over as head of real estate from John Berriman, who has led the practice for the past two years.
Hughes said: “I am incredibly excited about the opportunity to build on the excellent work John Berriman has done over the last two years and help clients address the myriad opportunities and challenges the current environment presents.
“We are experiencing incredible levels of transaction activity, which is a reflection of the increase in market activity combined with the huge reputation the team has in the market. Activity among mature and emerging sovereign capital is significant and our global reach and focused sovereign team enables us to support them very effectively.
“We are experiencing increasing levels of activity with occupiers from both the public and private sector, which is again a combination of increased market activity and a shift from legacy providers and the competition.
“The unique real estate related experience we gained from the Lehman Brothers administration has given the practice unique insight and capabilities that many clients are keen to access.”
jack.sidders@estatesgazette.com
