Lloyds Bank Commercial Banking has confirmed the appointment of Madeleine McDougall as its new head of commercial real estate.
In May, the bank announced that McDougall, previously head of institutional clients within the CRE unit, would become acting head of the business, replacing John Feeney, who was appointed to lead Lloyds’ global corporates division.
In her new role, McDougall will report to Feeney and will become a member of the global corporates executive committee.
McDougall joined Lloyds in 2014 having previously held senior roles at European banks and institutions including pbb Deutsche Pfandbriefbank, WestImmo and Eurohypo.
In her previous role, McDougall grew Lloyds’ exposure to private equity, pension and sovereign wealth fund clients, helping it become the UK’s most active commercial real estate distribution bank, Lloyds said.
“The UK is in the midst of a period of transformation in the way we live, work and socialise and the commercial real estate sector is at the forefront of this. With our market reach, we can quickly identify these trends and develop new opportunities with and for our clients,” McDougall said.
In 2016, Lloyds’ provided £8.6 billion of new funding to the UK’s commercial real estate sector, comprising on- and off-balance sheet financing.
Among notable transactions so far in 2017: it provided a £47 million development financing loan to HB Reavis to fund a modernisation of 61 Southwark Street in London; it led the €500 million debt refinancing of Unibail-Rodamco SE – Europe’s largest commercial real estate business; and it arranged two deals totalling £409 million for Lazari Investments, allowing it to refinance six of its key central London assets.