CBRE sets up Middle East healthcare, education property unit

Real estate consultancy says sectors are among the fastest growing markets in the region
CBRE sets up Middle East healthcare, education property unit
By Andrew Sambidge
Wed 23 Mar 2016 01:45 PM

CBRE, the global real estate consulting firm, has announced the establishment of a specialised business group to support healthcare and education real estate services in the Middle East.

The company said in a statement that the healthcare and education industries are among the fastest growing markets within the Middle East region with growth set to continue as these niche sectors gain strong market momentum.

The establishment of the new business group follows the appointment of Tiana Spence as associate director, the company said.  

The specialist team will provide strategic advisory, market analysis, feasibility studies and valuations, as well as transactional services, it added.

Simon Townsend, head of strategic advisory, valuation and consultancy, CBRE Middle East said: “We are witnessing considerable interest in both the healthcare and education sectors with substantial growth projected over the next decade.

"We have seen both domestic and international interest surge across both asset classes and the importance of high quality market specific advice has never been more important.”

Nick Maclean, managing director, CBRE Middle East added: “In line with rapid population growth, increasing life expectancy, growing affluence, the UAE’s healthcare sector is set to experience growth in the coming years. Our focus on the healthcare sector will support clients in providing exceptional patient care and achieving greater financial success and efficiencies.” 

“Education remains a key focus on the UAE’s national agenda, with the sector seeing rapid growth underpinned by a series of new education projects currently underway across the region. Dubai, in particular has emerged as a major regional education hub and this growth prompts us to provide a comprehensive range of services for both potential and existing educational entities.”

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