Richard Dakin joins CBRE as Managing Director of Capital Advisors

CBRE has announced the appointment of Richard Dakin as Managing Director of the Capital Advisors division, strengthening the leadership and financial expertise at one of CBRE’s fastest growing and most successful teams. Richard will also become a member of the CBRE UK’s Strategy and Management Board.

Richard joins CBRE following a highly successful 32 year career at Lloyds Banking Group PLC including most recently as Managing Director and Head of Corporate Real Estate, Business Support and Non-Core, Commercial Banking.

In 2009, Richard established the corporate real estate business support unit at Lloyds Banking Group PLC, covering the UK, Ireland and Europe, to support real estate customers facing financial difficulties. He assumed responsibility for a diverse range of property businesses as well as overseeing the successful deleveraging of the non-core real estate loan book.

Richard is a Non-Executive Director of Derwent London plc. He is also a Fellow of the Royal Institution of Chartered Surveyors, an Associate of the Chartered Institute of Bankers and an Associate Member of Corporate Treasurers.

Richard will join CBRE Capital Advisors as Managing Director while Philip Cropper will become Chairman of the division with a focus on managing current client relationships and business development.

Philip Cropper, Chairman, CBRE Capital Advisors, commented:
“Richard is a great hire for our division and will significantly strengthen our leadership team. His ability to manage growth and large teams as well as his experience in commercial and corporate banking will accelerate our expansion. Richard brings unique insight and contacts gained while deleveraging the Lloyds Banking Group PLC Real Estate loan book, one of the most complex asset books in the market. This unparalleled level of knowledge will be of significant advantage to our clients and CBRE as a whole.”

Richard Dakin, Managing Director, CBRE Capital Advisors commented:
“The team at CBRE is hugely talented and I am excited to be able to be part of their next stage of growth. More and more businesses recognise the value of working with advisors who combine deep property insight with exceptional financial capability and CBRE Capital Advisors is in a unique position to offer both to its clients. We want to build our reputation as the trusted advisor for real estate capital services known for our long lasting relationships with clients”.

Stephen Hubbard, Chairman, CBRE UK, commented:
“We are delighted to announce the appointment of Richard Dakin, a highly accomplished real estate and capital markets advisor. Increasingly, we operate in a space where clients need deep financial advice and insight, which is why Richard’s expertise and leadership skills will be invaluable to accelerate our growth into the future. He will have a key role in strengthening our team’s financial expertise and expanding our capability so we meet clients’ needs. We are highly ambitious for what can be achieved as we see clients increasingly turning to us for complex financial solutions combined with our second to none understanding of the property market.”