BNP Paribas Real Estate has given Vanessa Hale a seat on its UK executive committee as head of research and strategy.
Hale has 25 years of experience in research and strategy across the built environment, the last 12 of which she has worked at BNP Paribas Real Estate and Strutt & Parker, most recently as head of research and insights.
Hale said of her new role: “It’s a truly transformative era for real estate markets and the sector is entering what we believe is a new phase of growth. Debt costs are now trending downwards and prime yields have stabilised at higher levels. The UK is well positioned to be the darling of European real estate next year and we forecast around £53bn will be invested in commercial real estate in 2025, while confidence improves in the residential market.
“With an ever-improving outlook to take advantage of, my primary focus will be to support the business to identify new areas for strategic growth and opportunities for enhanced profitability across our existing services by using innovative, data-led strategies.”
Etienne Prongué, UK chief executive at BNP Paribas Real Estate, added: “Vanessa’s appointment is a pivotal step for our business as we prepare for the next stage of our strategic plan over the next five years. Vanessa has an impressive track record and a deep understanding of the dynamics of the real estate sectors in which we operate. This extensive expertise in global research and strategy will bring a fresh perspective on emerging opportunities as a new real estate cycle begins, including our unique proposition as the only major real estate consultancy owned by a bank which allows us to build unrivalled solutions for our clients.”
Image from BNP Paribas Real Estate
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