Cushman & Wakefield makes Residential Capital Markets hires

Cushman & Wakefield has made a double appointment within its Yorkshire & Northeast and London teams, continuing its living sector expansion.

Mike Gorman (pictured) will lead Cushman & Wakefield's Residential Capital Markets Yorkshire & Northeast team. Jack Wagner has joined as an Associate in the London based team | BTR News
Mike Gorman (pictured) will lead Cushman & Wakefield's Residential Capital Markets Yorkshire & Northeast team. Jack Wagner has joined as an Associate in the London based team.

Commercial real estate service firm 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, Mike 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.

“I’m thrilled to welcome Mike to our team in Leeds. His addition to Cushman & Wakefield’s Residential Capital Markets team is against a backdrop of improving investor appetite, with upwards of £8.1bn earmarked for the Build to Rent sector in 2024 and when average rental growth in regions outside London has outstripped growth in the capital. Continuing stability in build cost inflation and projected reductions in interest rates in the medium term bode well for future development and add to the appeal of the sector.”

Keith Hardman, Regional Managing Partner for Yorkshire & the North East, Cushman & Wakefield

At Cushman & Wakefield, Mike will have a particular focus on regional Build to Rent 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.

“While London remains the most popular choice for Build to Rent 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 Build to Rent hotspots.

The continued growth of SFH 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.”

Mark Clegg, Head of Residential Capital Markets, Cushman & Wakefield

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, Jack will focus on operational PRS and Build to Rent assets and is based in London.

Cushman & Wakefield’s Living teams operate across Build to Rent, 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.

“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.”

David Haynes, Head of Specialist Markets UK, Cushman & Wakefield 

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. The firm recently released its quarterly UK Build to Rent report which analyses rental performance, affordability, supply and demand, and investment volumes – providing insight for investors, developers, and the wider build environment.