CBRE makes two senior appointments to its Russian Capital Markets Team
Global real estate advisor CBRE announces that it has made two senior appointments to its Russian Capital Markets team.
Irina Ushakova joins as Head of Capital Markets, Russia. Previously Head of Capital Markets, Russia & CIS at Cushman & Wakefield, Irina built the team into one of the country’s leading investment advisors. Recently she has advised on USD 800 million worth of transactions including the sale of Pokrovsky Hills, an elite residential development managed by Hines, and BIN Group’s acquisition of PNK Checkov 1 Logistics Park. Prior to this, Irina spent eight years at JLL, in senior roles within its capital markets and hotels advisory teams in Moscow.
Elena Podlesnykh joins as Director, Capital Markets, Russia. Prior to Cushman & Wakefield, Elena worked in leading positions in large Russian and international corporations, such as JLL Capital Markets for 5 years, VEB and Rosbank. Elena has more than 12 years of experience in private equity and M&A, as well as in construction projects general management and capital markets. Elena also has an INSEAD EMBA.
Irina and Elena will join CBRE on 21 September 2015.
These appointments follow a number of strategic investments into CBRE’s Russian business in the last 18 months, which have resulted in substantial growth despite a challenging market. This has been particularly noticeable in the substantial market share gains achieved by its office leasing, corporate advisory and industrial/warehousing leasing teams following the hiring of leading professionals in those sectors.
I am extremely delighted to welcome two such highly regarded industry professionals to CBRE. These appointments underline our ambition to be the advisor of choice in all markets of importance to our clients and will allow us to further develop our Capital Markets team, which we see as a key strategic growth area for our business.
While investment volumes have fallen year on year in Russia, we continue to see good demand from domestic as well as international investors for high quality assets driven by the reduction in values and attractive potential returns for prime opportunities across a range of sectors.
We are excited to join forces with CBRE Russia under the leadership of Vladimir Pinaev. CBRE’s platform is exceptionally attractive both for us and clients, providing wide access to global capital, experts and insights. We look forward to building a full service client centric Capital Markets team together.
Our ability to attract professionals of the standing of Irina and Elena are testament to the strength of our Russian business and its growing reputation. In the past 18 months we have seen a transformation of our business there and in the face of a challenging market we are pleased to see continued growth and an exceptionally positive response from clients to the investments we have been making.