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Cushman & Wakefield Continues Living Sector Expansion With Two Key UK Residential Capital Markets Hires

Vikki McCrindle • 16/05/2024
  • Mike Gorman is joining from Colliers to lead Cushman & Wakefield’s Residential Capital Markets activity across the UK’s core regional markets 
  • Jack Wagner joins the Residential Capital Markets team in London  
Leeds, 16 May 2024 – Cushman & Wakefield has announced two Residential Capital Markets hires in the UK as it continues to expand its Living sector team.  

Mike Gorman is joining from Colliers to lead Residential Capital Markets activity across the UK’s core regional markets. A residential market specialist with 20 years’ experience, Gorman is currently a Director and Head of Northern Residential Capital Markets & Development at Colliers, where he advised a range of clients including UK funds and institutions, property companies and overseas investors. 

At Cushman & Wakefield, Gorman will have a particular focus on regional Build-to-Rent (BTR) and Single-Family Housing (SFH). He will be based at the firm’s Yorkshire & Northeast regional hub in Leeds when he joins later in the year.  

Mark Clegg, Head of Residential Capital Markets at Cushman & Wakefield, said: “While London remains the most popular choice for BtR investment, our latest investor data shows that market sentiment is shifting considerably. Major regional cities outside London, including Birmingham, Manchester, and Leeds, continue to set the pace for development and are establishing themselves as BtR hotspots. The continued growth of Single-Family Housing will be a focus for Mike, and his regional residential market knowledge will provide clients with the expertise required as they continue to focus their attention on investing and developing in the regions.” 

Additionally, Jack Wagner has joined as an Associate in the Residential Capital Markets team from privately held real estate investment and fund management firm LRC Group where he was Portfolio Manager. His prior experience includes spells at Alvarium Investments and Deloitte Real Estate. At Cushman & Wakefield he will focus on operational PRS and BTR assets and is based in London.  

Cushman & Wakefield’s Living teams operate across BTR, PRS, student accommodation, senior living and the wider residential and land markets providing a range of capital markets, valuation and advisory, consultancy and development services. Drawing on advanced data and analytical tools, proprietary research and insight, and in-depth market knowledge, they deliver holistic advice, transactions, and solutions to investors, developers, operators, landowners, and local authorities.  

Other recent joiners to Cushman & Wakefield’s UK Living team include John Freker as a Partner in its Student Accommodation team, and Emily Fox to lead its Residential Valuation & Advisory team in the Midlands.  

David Haynes, Head of Specialist Markets UK at Cushman & Wakefield, said: “We are continuing to invest in our teams across the Living sector to support the growing number of investors within the residential space. We are delighted Mike and Jack have chosen to join our expanding team of specialists and we will continue to invest to ensure our clients benefit from the best advice and insight.”  

Cushman & Wakefield recently released its quarterly UK BTR report which analyses rental performance, affordability, supply and demand, and investment volumes - providing insight for investors, developers, and the wider build environment.  
 
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In 2023, the firm reported revenue of $9.5 billion across its core services of property, facilities and project management, leasing, capital markets, and valuation and other services. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), sustainability and more. For additional information, visit www.cushmanwakefield.com.

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