CBRE appoints Luke Mills as Managing Director of Residential Business
CBRE UK, the world’s largest real estate advisor, has named Luke Mills as Managing Director of its Residential business.
CBRE UK, the world’s largest real estate advisor, has today named Luke Mills as Managing Director of its Residential business.
Mills previously served as Executive Director and Head of Residential Sales and Development Consultancy at the firm for five years, joining in 2013 after over a decade at Savills, where he reached the position of Director.
In his new role, Mills will take on day to day responsibility and leadership of CBRE’s Residential service line from its UK headquarters in London, working closely with the wider London Leadership and Executive teams.
Since its formation in 2011, the Residential business at CBRE has experienced significant growth and now has the highest market share of new development projects in London*. With expertise across sales, lettings, development consultancy and property management, the team has developed from three to 166 employees across multiple offices in London, the Middle East and Asia.
In the last year alone, CBRE’s residential international platform has witnessed substantial acceleration. In response to a growing demand for a fully-integrated global service offering, the business acquired new teams in Shanghai, Beijing and Shenzhen, as well as a dedicated London-based China team of three. Significant investment in to digital platforms and innovative technology has contributed to a 175% year-on-year increase in sales generated through the international residential team.
Luke Mills, Managing Director of Residential at CBRE UK, comments: “CBRE Residential is an energetic, dynamic and truly innovative business that seeks to connect people, property and places all over the world.
“The team’s remarkable growth story demonstrates its commitment to creating a robust international network that provides our clients with the very best service and expertise throughout the whole development life-cycle.
“I look forward to working with our outstanding Leadership team to develop client-focused initiatives and strategies that ensure the business continues to evolve and flourish.”
Mark Collins, Chairman of Residential at CBRE UK, comments: “We are delighted that Luke will be taking on the role of Managing Director. Luke has played an integral role in the growth and strength of the residential offering at CBRE and has a wealth of experience to bring to his new position.”
*According to Molior research, 2018
Notes to Editors