BNP Paribas Real Estate, part of the BNP Paribas Group, a global leader in financial services, today announced that Vanessa Hale has expanded her role to join the firm’s UK Executive Committee as Head of Research & Strategy.
Vanessa has 25 years’ experience in global research and strategy across the built environment, and has spent 12 of those working for BNP Paribas Real Estate and Strutt & Parker. She most recently served as Head of Research & Insights and assumes the new roles with immediate effect.
Etienne Prongué, CEO (UK) at BNP Paribas Real Estate commented: “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.”
Vanessa Hale, Head of Research & Strategy at BNP Paribas Real Estate added: “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.”
BNP Paribas Real Estate and Strutt & Parker operate across the commercial, residential and rural sectors, and have been advising clients in the UK for more than 150 years. It forms part of a global real estate offer which operates in 24 countries via local offices, platforms and alliance partners with over 5,000 employees. In the UK, it has a network of over 50 offices in key cities and towns.
The firm is also backed by a leading international bank - BNP Paribas - providing financial stability, better access to capital, expert insights, an extended network, robust risk management and unmatched regulatory compliance.
