Lone Star “factory” appoints UK property broker

Hudson Advisors Europe, the European arm of the mortgage servicing and advisory business of Dallas-based Lone Star, has recruited former Jones Lang LaSalle City of London property broker Robert Calnan as a director to help grow the business.

Lone Star’s mortgage serving arm, Hudson Advisors, has appointed Robert Calnan to help spearhead business from its new London office.

According to a report in UK commercial real estate magazine, Property Week, Calnan, who is a 27-year veteran of Jones Lang LaSalle, has become a director and joined the firm last week in its new central London base.

Hudson Advisors, described by some as Lone Star's “factory”, currently has 17 people in the office, which only opened in December.

Calnan is best known for building up the City of London brokerage business for Jones Lang LaSalle, and part of his responsibilities at Hudson involves adding to staff numbers to help manage debt assets such as CMBS vehicles originated by Credit Suisse First Boston in 2007.

The London office opening represents part of Hudson’s expansion in Europe.

The Lone Star affiliate currently employs approximately 900 staff worldwide, and opened offices in Munich and Frankfurt in 2004 and 2003 respectively as it made large investments in debt portfolios in Germany.

Lone Star, founded and led by John Grayken, has been increasing its infrastructure in London of late. In April last year, it hired Angus Dodd, a former managing director of JER Partners in Europe, as its UK acquisitions managing director.