Cushman & Wakefield today announced it has appointed Brad Nelson as National Director, Debt Solutions, establishing a national property financing and debt markets capability to complement its existing agency platform.
Cushman & Wakefield has launched its debt solutions capability in response to clients seeking to optimise asset purchases and debt management in a changing commercial lending market. The role will focus on supporting Cushman & Wakefield clients with acquisition financing, refinancing and restructuring of existing debt facilities.
Brad joins Cushman & Wakefield from commercial broking and debt advisory firm, Total Capital, where he was Managing Director. Previously, Brad has held senior Australian and international roles with major financial institutions, including leading Standard Chartered’s Global Real Estate debt business in Singapore, Head of Relationships at ING and Westpac’s Institutional Banking divisions, and leading EY’s NSW Real Estate Advisory practice.
Brad’s appointment follows a range of corporate acquisitions and strategic hires across Cushman & Wakefield’s Australian operations, including the recently completed acquisition of national trade services business, Smith Brothers Group, establishment of the Queensland Middle Markets team and strengthening of the NSW Office Leasing team.
James Patterson, Chief Executive Australia and New Zealand, Cushman & Wakefield, commented: “I am pleased to welcome Brad to Cushman & Wakefield’s growing agency business, with this strategic appointment marking the establishment of our debt solutions capability in Australia.”
“We continue to identify service areas across our business that will benefit new and existing clients as we rapidly build out an end-to-end real estate service platform in Australia. Brad has deep experience advising market participants on their debt and property financing requirements, and more than 20 years working in institutional and corporate banking roles.”
Brad Nelson, National Director, Debt Solutions, Cushman & Wakefield, commented: “I look forward to working with Cushman & Wakefield teams across the business to service an increasing client need for effective and efficient debt funding outcomes.”
“The market is calling for debt arranging and advisory support to complement asset management and sales and investment services - crucial in an environment where the commercial lending market remains tight amid ongoing regulatory change.”
“While the current regulatory environment is constraining the balance sheets of major lenders, activity is expected to remain strong amongst non-banks across both investment and development financing. We are witnessing a steadily increasing appetite in Australian commercial real estate assets from global debt funds and super funds, attracted to relative risk returns and seeking to balance their portfolios,” Mr Nelson added.