Avison Young has appointed Mike Stephens from CBRE as a director in its Birmingham valuation team.
Stephens, who has nearly 40 years of experience in the Midlands commercial property market, led CBRE’s valuation team for more than 20 years.
He has worked on a number of complex development schemes across the region, encompassing trophy office assets, big box industrial, and large mixed portfolios.
Stephens said: “Avison Young has a fantastic reputation in the Midlands market and a truly cross-disciplinary team ethic, which is what attracted me to the role. Like many regions across the UK, there are some structural economic challenges facing the Midlands right now, but the commercial and living property markets here remain very resilient.
“Occupier demand is robust in most markets and this, coupled with limited new development, means that rental growth remains an important dynamic for property investors, developers and owners. I am really excited to work with the established expert team here in Birmingham and the wider AY network”
Helen Collins, principal and managing director, Midlands at Avison Young, added: “Mike is highly respected in the Midlands market, and he knows the commercial property landscape in the region inside and out. With his extensive contacts and expertise, we are confident that he will make a big impact in the team, from client advisory to supporting colleague development, and we are very happy to be welcoming him on board.”
