Real estate consultancy JLL has significantly expanded its affordable housing division by establishing a new team based in its Cardiff office. This strategic move aims to enhance JLL’s service offerings across Wales and the wider UK market, bringing in experienced professionals to bolster its national presence in the sector.
Key Takeaways
- JLL has launched a new affordable housing team in its Cardiff office.
- The expansion includes senior hires from Avison Young, bringing extensive expertise in affordable housing valuation.
- This move increases JLL’s UK affordable housing team to over 70 professionals.
Strategic Expansion in Cardiff
The new Cardiff team is led by Senior Director Nick Worman, who joins from Avison Young. He is accompanied by fellow former Avison Young colleagues Charles Kaminaris (Director), Lisa Roberts (Associate Director), and Stuart Randall (Associate). These appointments are set to strengthen JLL’s affordable housing business nationwide, bringing the total number of professionals in the UK team to over 70.
Marc Burns, Head of Affordable Housing at JLL, expressed delight at the new appointments, highlighting their "wealth of exceptional expertise in affordable housing valuation services across Wales and the broader UK market." He emphasised the importance of local knowledge in JLL’s client service model and stated that the new team will enable a "truly comprehensive and integrated national service" built on the company’s established regional platform.
Enhanced Service Offerings
The expansion is expected to significantly enhance JLL’s service capabilities for housing associations. Key areas that will benefit include:
- Loan security valuation
- Transaction support
- Bond issuance
- Development consultancy
- Land acquisition advisory services
The new team’s established sector connections are anticipated to strengthen existing client relationships and foster new partnerships, contributing to the continued growth of the affordable housing sector.
Future Outlook
Nick Worman commented on his move, stating his enthusiasm for joining JLL’s "market leading affordable housing team" and looking forward to combining his specialised housing sector experience with JLL’s "well-respected brand and its proven technology based approach to valuation." He is confident this will benefit existing banking and housing association clients and support sector growth.
Charles Kaminaris added his pleasure in joining JLL’s "highly regarded affordable housing valuation team." He noted the team’s intention to develop their offering in Wales and the South West while continuing to serve clients UK-wide. Kaminaris also highlighted JLL’s "brand name, a sophisticated AI platform and the scale" as key enablers for efficient and effective service delivery, supporting the sector’s ongoing expansion.
