Craig Lygate has been appointed to head up the new Scottish arm of Cushman & Wakefield’s Healthcare Advisory team.
He is the latest recruit to the recently-created UK team headed up by Martin Robb and joins with 14 years’ experience as a valuation expert in the growing healthcare sector, working for leading banks include RBS, Bank of Scotland, HSBC, Clydesdale Bank and Santander.
Craig, who is operating from the Glasgow office and becomes a partner in the business, will be initially focusing on the care home, children’s day nursery, pharmacy and dental sectors.
He said: “I am thrilled to have been given this opportunity to help build a brand new healthcare business for Cushman & Wakefield in Scotland, an area the agency was not previously involved in North of the Border. Cushman & Wakefield is a very progressive place to work and it will be great to be part of the team which operates not only on a UK level but as part of global company.
“The care home sector in particular is thriving – there has never been a greater need for good care homes as we are all living longer through improvements in diet, lifestyle and medical care. The over 85 age group is now the fastest growing demographic in the UK and that looks set to continue thanks to the baby boomer generation now reaching retirement age.”
Craig’s appointment has further strengthened the healthcare team, which has been a huge success since it was launched in April 2016 and by the end of 2017 had valued £2.2bn worth of assets. The team has inspected over 10,100 registered beds in the long term care sector. Clients include banks, private equity investors, REITS and operators.
It has been mandated to advise on projects as diverse as private hospitals, diagnostic clinics, GP surgeries, elderly care homes, NHS Trusts, local authorities and specialist care facilities.
Martin Robb, Cushman & Wakefield’s Head of Healthcare Advisory, said: “Craig’s arrival means we can now cover a wider geographical area – since starting Craig has already clocked up lots of miles travelling across the country up to Inverness and further afield. I am delighted Craig has agreed to join the team, we have worked together in the past and I know that someone with his warm personality, talent and enthusiasm will be a tremendous asset to the company.”
Stuart Dorward, Head of Scotland, said: “It is great to add another specialism to the range of services we offer to our clients in Scotland and I am delighted to welcome Craig as a fantastic addition to the Scottish Business. Healthcare is a very exciting sector and I am looking forward to supporting Craig’s business stream over the years ahead.”
Healthcare Advisory is part of Cushman & Wakefield’s UK Valuation & Advisory team. Comprising approximately 240 professionals in 10 locations, the team valued 59,000 properties worth a combined £549bn – including £18bn worth of alternative investments – in 2015 and retained its position as the market leader in several sector including retail, Central London, business space, outlet malls and self storage.