Cushman and Wakefield beefs up

The world’s largest privately owned real estate services firm has hired Nigel Pedroz from HSBC bank to focus specifically on indirect real estate advisory work.

Cushman and Wakefield has appointed former HSBC Specialist Investments professional Nigel Pedroz to focus on indirect investment within the firm’s corporate finance division.

Pedroz will be involved in global fund structuring, new product development and equity placement assignments, according to the firm.

The new recruit headed the team at HSBC which provided corporate, fund and debt structuring services to clients together with operational management to support pan-European real estate investment.

Cushman & Wakefield’s indirect team provides a range of transactional, structuring and equity raising services to investors, asset managers and funds on a global basis. Over the past two years it has advised clients on approximately €1.5 billion ($2.2 billion ) of equity investment into indirect real estate vehicles globally.

Adam Calman, partner and head of indirect investment, said: “Nigel will be a great asset within the team and brings considerable strength and depth to our existing capital markets offering.”