The localism agenda and the new Infrastructure Commission mean that the public sector is operating in a very different market to a few years ago; they now have far more control of their own budgetary and local regeneration responsibilities.  As a result we have seen increasingly strong demand from our public sector clients for advice on the structuring of local government investment vehicles and funds into which both public and private capital can be directed. 

Sir Michael’s experience is perfectly aligned with these agendas and we are delighted that he has agreed to continue his association with CBRE.  He will work alongside us and our public sector clients to help stimulate development and investment activity to ensure their region’s long-term growth and stability.

These are exciting times for those parts of the property sector that engage with the public sector, especially those businesses, such as CBRE, that have the ability to offer innovative financing solutions in response to both the established and emerging budgetary challenges.

I am looking forward to working with the CBRE teams and assisting them to deliver value added solutions to their clients whether public sector or engaged with the public sector.

A clear understanding of how private capital can be introduced into projects to help deliver wider public benefit is at the heart of the CBRE services and I know from experience that it will be welcomed by its clients.