CBRE appoints Savills director to lead Northern retail team

CBRE has appointed Stephen Proudley as executive director and head of Northern retail.

Proudley will be responsible for spearheading the firm’s retail offering in the North, and will look to develop CBRE’s position in the sector.

He joins from Savills, where he spent over five years as a director in the firm’s retail team. Prior to this, he worked as head of North West Transactional Agency at Lambert Smith Hampton following its acquisition of Tushingham Moore in 2015. Proudley was one of five equity partners at Tushingham Moore, joining the firm in 1997.

He has advised on a number of large occupier transactions and acquisitions across the shopping centre, out-of-town, and high street sectors, working with clients including Primark and Next.

John Ogden, managing director for the North at CBRE said: “Stephen brings with him a wealth of experience and has become a recognised, trusted advisor to many leading retailers, notably in the North. His appointment adds regional depth and gravitas to our 125-strong retail team at a strategic, senior level, further enhancing our ability to provide best-in-class service to our clients.”

Stephen Proudley added: “It’s an exciting time to be working in the retail sector, following years of rapid change brought about by evolving consumer shopping habits and the growing demand for experience-led offerings. Activity levels are high, with occupiers seeing the true value of bricks-and-mortar stores and I’m really looking forward to joining CBRE at a time of significant opportunity.”

The appointment follows CBRE’s acquisition of asset management firm Sovereign Centros earlier this month. Key projects under the asset management of Sovereign Centros include The Metrocentre in Gateshead, Festival Place in Basingstoke, Merry Hill Shopping Centre in Dudley, the Telford Centre in Telford, and the St Enoch Shopping Centre in Glasgow.