CBRE Middle East, a global leader in commercial real estate services, has appointed John Fekete as the new general manager for its advisory operations in Saudi Arabia.
Fekete joins CBRE from Qiddiya, where he served as the executive director of real estate strategy, spearheading the office, retail and residential strategy of one of Saudi Arabia’s most ambitious projects as part of the Vision 2030 initiative. Prior to this, he held senior positions at JLL in Saudi Arabia and Dubai, where he played a crucial role in shaping real estate strategies across the Middle East and North Africa.
Commenting on his appointment, Fekete said: “I am honored to join CBRE, a company renowned for its commitment to excellence in the real estate sector. I look forward to working with this talented team to drive growth and deliver outstanding results for our clients in Saudi Arabia, contributing to the realization of Vision 2030.”
Throughout his career, Fekete has demonstrated expertise in urban planning, transactions, property management, investment management, and strategic planning. In his previous roles, he managed real estate strategies across multiple countries in the EMEA region including his role at Citigroup as EMEA head of real estate.
Michael Young, managing director for CBRE MENA region, said: “We are delighted to welcome John to our team; his extensive experience and deep knowledge of the real estate market will be invaluable as we continue to grow our operations in Saudi Arabia and beyond.”
Anshuman Magazine, chairman and CEO for India, Southeast Asia, Middle East and Africa, added: “We are thrilled to welcome John to our team.”
A highly respected leader in the real estate industry, John brings a wealth of experience and deep market insight. His exceptional track record and strategic vision will be instrumental in driving outstanding value to our clients. We look forward to the impact his leadership will have on our advisory operations in the Kingdom of Saudi Arabia.”