Los Angeles, May 12, 2014 – CBRE Group Inc. today announced that Richard Barkham, PhD, will join the company on June 16 as Global Chief Economist. Dr. Barkham, a 16-year veteran of the real estate industry, will be based in London and will report to Nick Axford, PhD, CBRE’s Global Head of Research.
“We are very excited that Richard has joined our Research team at CBRE,” Dr. Axford said. “He is regularly sought out for his views on commercial real estate, and his insights on the interaction between macroeconomic trends, strategy and real estate market conditions are second to none. I look forward to working with Richard and our global Research team to advance CBRE’s reputation as the foremost authority on commercial real estate worldwide.”
“Richard is a premier real estate economist,” added Mike Lafitte, CBRE’s Chief Operating Officer. “His addition to our Research team reflects our deep commitment to providing clients with the most thoughtful perspective on market conditions and trends. Our clients and our professionals will benefit enormously from his broad-ranging knowledge and expertise.”
As CBRE’s Global Chief Economist, Dr. Barkham will work with CBRE’s senior executives to lead the development of the company’s view on global economic, financial and real estate market trends, and will focus on building the company’s reputation for thought leadership, including publishing leading-edge articles and market commentaries and speaking before industry and client groups. In addition, he will work with Dr. Axford and CBRE’s Regional Research Heads to coordinate the analytical activities of the company’s research teams around the world.
A specialist in global macroeconomics and real estate strategy, Dr. Barkham comes to CBRE from Grosvenor, a leading international investor in global real estate based in London. Dr. Barkham has served as Grosvenor’s Group Research Director since 2006, where he has focused on real estate risk analysis, long-range forecasts, and capital allocation, supervising the work of 12 professional economists. He has also served as Non-Executive Director of Grosvenor Fund Management (GFM) since 2011, working on investment strategy, new fund development, marketing and client relations. GFM is an international business with circa $5 billion of third party capital under management. He joined Grosvenor in 2000 as Research Director for Britain & Ireland.
Dr. Barkham is a visiting professor of Real Estate Economics at University College London. Earlier in his career, Dr. Barkham taught at Europe’s leading real estate school, the University of Reading’s Department of Land Management. He is the author of two books – one on real estate and globalization, the other on entrepreneurship economic development – and numerous articles on real estate investment and global real estate markets.
Dr. Barkham earned his Doctorate in Economics from the University of Reading.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2013 revenue). The Company has approximately 44,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through approximately 350 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.