KPMG has appointed Stephen Barter as chairman of its real estate advisory practice. Stephen was previously UK CEO of Qatari Diar, part of the Qatar Investment Authority, and has held senior roles at Grosvenor and Richard Ellis (now CBRE).
Stephen will be based in London and will focus on expanding KPMG’s international client base and growing the real estate advisory business; providing corporate finance and strategic advice to leading investors, fund managers, developers and occupiers.
Already a major adviser to a number of sovereign funds, large pension funds and other major capital providers, KPMG is actively expanding its real estate practice of some 3000 professionals in over 70 countries. With transactions becoming ever more complex and international, Stephen’s appointment will enhance KPMG’s ability to understand the differing investor needs and to match these with the market opportunities in local markets.
Jonathan Thompson, international chair of real estate and construction at KPMG, commented: “Stephen is a highly regarded figure in the real estate industry and brings over 30 years’ experience across all aspects of real estate investment and financing, development, asset management and fund management.
“Our global real estate practice continues to grow in a market full of new and exciting opportunities. While our existing real estate advisory team is well recognised in the areas of taxation, restructuring and transactions management, Stephen’s appointment adds a new dimension to our team and will help us deliver innovative advice to our clients.”
Richard White, UK head of real estate at KPMG, commented: “KPMG is well known within the real estate market, particularly for its tax and audit advice. Stephen’s arrival will help us build on these strengths and offer greater breadth of coverage and expertise, particularly to investors, major companies and Government.”
Stephen Barter commented: “I am very pleased to join KPMG. Real estate is a diverse and dynamic market and I will aim to link capital to opportunity matched by independent strategic and financial advice, to enhance KPMG’s well-respected advisory expertise. I look forward to developing a strong international business, building on KPMG’s global reach, to help our clients find solutions to their challenges.”
For further information please contact
Monica Fiumara, Senior PR Manager, KPMG
Tel: +44 (0)20 7694 5674 / Mobile: +44 (0)7901 105180
KPMG Press Office: 020 7694 8773
Notes to editors:
About Stephen Barter
A graduate of Cambridge University, Stephen’s experience extends to property investment and financing, consulting to Government and major multinational companies, privatisations and public private partnerships, and the creation and management of property funds. He has been involved in structuring, financing and managing numerous substantial real estate transactions and developments, either as investor, developer, occupier or adviser.
He has advised Government Departments, public sector bodies and major international companies on the strategic management of their real estate and organisational change and has worked extensively internationally in the US and Canada, Europe Asia (particularly China), the Middle East and Australia.
Stephen was previously:
- UK CEO of Qatari Diar Real Estate Investment Company (Qatari Diar), part of the Qatar Investment Authority, where he had responsibility for the reorganisation of the Chelsea Barracks development, following the withdrawal of a planning application for a previous project design;
- Head of Real Estate Investment at The First Investor, based in Qatar;
- Group Projects Director at Grosvenor, the private international property company owned by the family of the Duke of Westminster, where among other activities, he helped to develop Grosvenor’s business into Mainland China;
- An equity partner at Richard Ellis (now CBRE), where he co-founded and led its Corporate Finance Financial Services company, and later created and led its Consulting Group, which advised Governments and major companies on strategic real estate issues and partnership transactions.
Stephen has also served on the UK Government’s Property Consultative Committee, the Bank of England Property Forum and the Ministry of Defence’s Defence Estate Committee. He is a former UK Chairman of the Urban Land Institute. In 2009, he founded Oxford University’s Future of Cities Research Programme and is Chairman of its International Advisory Board.
KPMG’s International real estate practice provides advisory, tax and audit services to over a third of the real estate businesses within the Global 1200 largest companies in the world. Its UK based team includes professionals in corporate finance, tax, banking, valuation and accounting.
KPMG LLP, a UK limited liability partnership, is a subsidiary of KPMG Europe LLP and operates from 22 offices across the UK with over 11,000 partners and staff. The UK firm recorded a turnover of £1.7 billion in the year ended September 2011. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. We operate in 150 countries and have 138,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. KPMG International provides no client services.