JLL strengthens debt advisory capabilities, appoints David Barry to focus on the UK and central London offices
JLL has added further expertise to its debt advisory team, appointing David Barry as a senior director to help investor clients who want to access central London offices and other asset classes throughout the UK through loans and other credit arrangements.
With a career spanning 20 years to date, Mr Barry brings a combination of investment banking, corporate finance and real estate expertise, having consummated over 12 billion of transactions across the UK, Europe and the US. He joins JLL from BNP Paribas Real Estate where he worked for five years, latterly as head of US and Canadian Investors and also head of debt advisory. Previous roles include as a managing director at The Carlton Group in New York; acquisitions partner at Duke House Asset Managers; and investment manager at Davy, a leading European real estate private equity firm.
At JLL, Mr Barry will serve both domestic and international investor clients. In 2017 central London offices attracted 17.4 billion whilst investment in the alternatives sector jumped up 24% to 15.7 billion, with JLL advising on 32% of all deals.
Mr Barry's hire is another example of JLL building on strength and complements the deep investment banking and structured finance experience already within the team. In February, JLL was ranked top real estate investment broker in the UK by CoStar, advising on 14.2bn of transactions and accounting for 20% market share. Mr Barry joins a growing number of advisors who have joined JLL hailing from investment banking and corporate finance backgrounds, following the appointment of Chris Gow in October 2017 to lead the EMEA debt advisory specialism within its Hotels & Hospitality Group, and previously Ben Roger-Smith as head of structured finance in EMEA from HSBC.
Alistair Meadows, head of UK capital markets, JLL, said: "The UK - especially London - continues to attract both debt and equity capital from across the globe. London was the world's top investment destination last year, and we anticipate this will continue through 2018. We are delighted to welcome David to the team."
Chris Holmes, head of EMEA debt advisory, JLL, added: "With David's impressive experience and broad network across the investing and lending spectrum, his appointment will help us to continue to meet increasing client demand for debt advisory. The changing lending environment, rising interest rates and more diverse sources of capital mean that clients are increasingly relying on our advice to help them identify the best value and most competitive financing strategies for their investments."