Led by Harry Hawksby (pictured above, centre), the team looks to capitalise on one of the fastest-growing sectors in the UK property market, which accounted for nearly a third of all UK property investor activity last year.
JLL expects to see £15bn of investment in the sector, which contains property types such as hotels, student housing and healthcare as well as newer assets including private rented sector and affordable housing.
“With a growing number of investors looking to increase their exposure to alternatives, the timing is right to focus fully on this sector from Leeds.
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“Our clients are continuing to seek out opportunities with robust returns – our new team will enable us to better support their ambitions across Yorkshire and the North East, supported by over 100 specialists in these markets across JLL in the UK.”
JLL transacted a quarter of the alternative market in the UK last year and has been providing advice for the sector for over 30 years.
“Harry and his team had already developed a leading market position in the hotels and leisure park sector,” said Jeff Pearey, North East lead director at JLL.
“Their focus on developing the wider alternatives business, gives our clients across the region access to investment, corporate finance and valuation professionals and is a direct response to the emerging scale and maturity of the alternatives property market.
“Harry is ably supported by associate director Alastair Jack (pictured above, right) and Nick Peart-Moisey (pictured above, left), and we hope to see significant growth in this area of our business in the coming years.”