CB Richard Ellis (CBRE) today announced that renowned real estate professional Bill Lane has been appointed to the Management Board of CBRE Russia. Lane will oversee the company's capital markets and asset management businesses in Russia, as well as provide general strategic advice and support for the development of CBRE's business in Russia.
Having moved to Moscow in 1992, Lane ranks as one of the most tenured Moscow-based professionals in the commercial real estate industry. In 1994 he co-founded Noble Gibbons, which quickly became one of the 'big four' real estate brokerages during the 1990s. Noble Gibbons became the Richard Ellis affiliate for Russia in 1995 and remained the corporate affiliate until it was fully acquired by CBRE in 2006.
After 12 years leading Noble Gibbons, Lane went on to become a founding partner and Managing Director of Alfa Capital Partners' Marbleton Fund ($321m raised). During four years as an executive with Marbleton, Lane gained wide-ranging experience and contacts with the capital markets community and a reputation as one of the leading investors in the Russian market. Lane is currently a partner in a real estate development company focused on projects in the Moscow region.
Andreas Ridder, Chairman of CB Richard Ellis for Central & Eastern Europe, commented: "Bill's unique track record, extensive industry knowledge and contacts, and historical understanding of CBRE's business and the Russian market will prove invaluable as we take the next step in the development of our business in Russia."
Darrell Stanaford, Managing Director of CB Richard Ellis in Russia, added: "We are excited that Bill has agreed to join the CBRE Management Board in Russia. Bill is exceptionally well respected within CBRE, as well as the market as a whole; his deep understanding of capital markets will provide our experienced team with an investor's perspective and insight, enabling us to better help our clients capture Russia's terrific investment opportunities while managing its unique risks."
Bill Lane commented: "Reuniting with CBRE in the capacity of a Board Member gives me the opportunity to again work with the industry's premier organization and team. Over the almost 20 years that I have been working in real estate in Moscow the city has developed into a large, maturing market that is attractive for the widespread participation of both international and domestic investors."
Source: CB Richard Ellis