People Property Place

#70 Penny Hacking, Managing Director of European Capital Markets at Avison Young

Apr 25, 2024
Penny Hacking, Managing Director at Avison Young, brings over 25 years of experience in EMEA capital markets. She shares insights into her journey in real estate, the evolution of the industry, and the importance of diversity and mentorship. Penny discusses the recovery of the European market and the dynamics of buy-side and sell-side mandates. She also highlights strategic investment opportunities in logistics and the vital role of relationships, while pondering where she would invest £500 million.
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ANECDOTE

Mentorship

  • Penny's early career at JLL involved working with influential women like Ann Kavanagh and Madeline Cosgrave.
  • Their mentorship and support encouraged her career progression, highlighting the importance of female leadership.
ANECDOTE

Brussels Experience

  • Penny's four-year Brussels experience exposed her to diverse European markets and complex transaction structures.
  • Adapting to cultural differences and learning about share deals broadened her expertise.
ADVICE

Client Relationships

  • Build strong client relationships and stay involved in transactions even when managing a team.
  • Clients value your continued involvement and advice due to established trust.
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