Quarterra Group, Bell Partners, ULI, Siteimprove, Equinix, TIME Investments, Calculus Capital, CBRE, Sumitomo Mitsui Banking Corporation, JLL, Green Giraffe Advisory, Waterton, BlackRock
BlackRock – Caroline Hill has been appointed global head of real estate sustainability. Hill joins as a director, based in the firm’s London office. She will provide BlackRock’s real estate investment teams with important insight and guidance on the sustainability potential of our targeted acquisitions, as well as ongoing strategic oversight and development of BlackRock real estate’s asset level decarbonisation initiatives and portfolio level sustainability strategies. Hill joins BlackRock with over 25 years of industry experience. In her most recent role, she was responsible for leading Blackstone’s sustainability strategy across its European real estate platforms, as well as developing sustainability roadmaps for the firm’s portfolio companies in Europe. She also led sustainability-related investor engagement for core-plus and opportunistic strategies. Prior to Blackstone, Hill led responsible business programmes at Lloyds Banking Group, Land Securities and Whitbread. She is a consultant by background having spent more than a decade assisting PwC’s clients in this area.
Waterton – Rick Hurd will retire from his role as managing partner, investment management. John W Gray has been hired to succeed Hurd as managing partner, chief investment officer. Gray, with nearly two decades of multi-family investment and development experience, most recently served as CEO of Blackstone’s portfolio company Fabric Housing, which he launched in 2022. Prior to that, he spent over a decade at Lennar, where he held several leadership roles, including president of LMC Investments, joining as the firm’s second employee and subsequently forming LennarSFR, where he served as president. Prior to Lennar, Gray launched his career with positions at Grandbridge Real Estate Capital and Crescent Communities.
Bell Partners – Sarah C Young has been appointed to succeed John Tomlinson as CFO upon Tomlinson’s planned retirement effective 22 August 2025. After his retirement, Tomlinson will remain as an advisor to the company through the end of 2025 to further support the company and facilitate an orderly transition. Young previously served as CFO and senior managing director at Quarterra Group, where she worked for 10 years managing financial operations and strategic planning for the organisation and its residential platforms. As a member of Quarterra’s Investment Committee, she was actively involved in high-level strategic decisions, contributing to the company’s business performance across various platforms, including multifamily, single-family and land finance. Before her tenure at Quarterra, Young was part of the finance group at Walton Street Capital, where she managed equity commitments across several funds. She began her career at EY.
CBRE – Chris Connelly has been promoted to executive group president, US and Canada advisory services. In this role, he will provide executive oversight for the company’s geographic markets, except New York, and its leasing business across the US and Canada. James Millon and Tommy Lee have been promoted to co-heads of US and Canada capital markets. Millon, who previously served as president, debt and structured finance, has spent his career in the debt capital markets. Lee, a career-long real estate equity investment specialist, most recently led the capital markets group at Trammell Crow Company, CBRE’s real estate development subsidiary. Mike Casey has been promoted to the newly created role of chief data officer, US and Canada advisory services. Casey will collaborate with Connelly and the technology team to harness the company’s robust internal and market data assets and further strengthen its competitive advantage. In related moves, Brooke Armstrong, Texas advisory leader, has been promoted to advisory group president, West Region. Pete Schippits is now advisory group president, East Region and Canada, transitioning from his oversight of the West. Both Armstrong and Schippits report to Connelly.
ULI – Louis Lallouette from Greystar and Alexis Muller from Oxford Properties have respectively been appointed as the new chair and vice chair of ULI UK young leaders group, which represents members of 35 years old and under. Both Lallouette and Muller officially commenced two-year terms in July 2025, with Lallouette succeeding Theodora Beckett, head of London at RealWorth, as chair, and both will serve on a voluntary basis. Lallouette has been with the Greystar UK investment team since 2022. Before that, he held roles in international development at Adagio Aparthotels. He has been a ULI member since 2022, and an active member of the ULI UK young leaders committee for the past two years. For the past year, he has held the role of vice chair while also contributing to broader ULI initiatives for the UK and at the European level. Muller has worked in the European Investments team at Oxford Properties since 2017. During his tenure, he also held strategic roles in asset management and debt. He has been a ULI member since 2016, initially in the US and then in Europe, and a member of the ULI UK young leaders committee since 2023.
Equinix – The digital infrastructure company has appointed Shane Paladin as EVP and chief customer and revenue officer. Paladin served for more than 11 years on two tours at SAP in a variety of customer-focused, services and international roles, including: president, services; EVP sales, services; COO Greater China; and MD, Hong Kong and Macau. Most recently, Paladin served as CEO of Siteimprove. He has also served in leadership roles at SignalFx, Ayasdi and FocusFrame, as well as in advisory or board roles at Nordic Capital, SmartRent and Board International.
JLL – Andy Powell and JC Champalaune have joined JLL as head of energy and infrastructure, Australia and New Zealand and Asia ex India, respectively. Powell, based in Sydney, will be responsible for advising on M&A, capital raising on both the buy side and sell side, project finance and land acquisitions in the energy transition and wider infrastructure space. He joins JLL from Green Giraffe Advisory, an independent financial advisory firm, focused on energy transition. Powell also brings deep Australian market experience from Macquarie Group and KPMG. Champalaune who is based in Singapore, will likewise be responsible for advising clients across their M&A, capital raising and financing needs across both the established OECD renewables markets of Japan, Taiwan and Korea as well as active energy and infrastructure markets in ASEAN such as the Philippines, Vietnam and Thailand. Champalaune joins JLL from Sumitomo Mitsui Banking Corporation’s M&A team in Singapore.Her has previously held energy and infrastructure roles in Singapore and Thailand at BNP Paribas and ENGIE. Powell and Champalaune will both oversee broader teams of energy and infrastructure specialists in Australia and Singapore and partner with JLL’s capital markets, investment banking and debt advisory teams across the region.
TIME Investments – Madeleine Ingram has been appointed head of strategic partnerships. With almost twenty years’ investment experience, Ingram joins TIME from private equity fund manager, Calculus Capital, where she was director and a member of the executive committee, responsible for fundraising, investor relations and marketing activities within the firm. In her new role, she will be responsible for TIME’s relationships with its strategic wealth management partners, establishing new distribution channels for its products and supporting the growth of the business.
