Real Estate, Building & Construction

Investment Banking
The Real Estate team is highly experienced and respected in the industry. The team enjoys a reputation for helping to focus on what is really driving company performance.

Real Estate Research
The Real Estate team is highly experienced and respected in the industry. The team enjoys a reputation for getting behind the numbers and helping to focus on what is really driving company performance.
With over 35 companies under coverage, the team has the widest coverage of any UK real estate team and this comprises companies of all shapes and sizes. Sectors under coverage include offices, retail, logistics, student accommodation, self-storage, healthcare and residential.
James Carswell joined Peel Hunt’s real estate research team in 2011. He studied mathematics and physics at the University of Durham where he graduated in 2009 and previously worked at Barclays.
Matthew Saperia joined Peel Hunt in 2017. Prior to joining Peel Hunt, Matthew was a partner at The Lazarus Partnership where he established their real estate research business. He has over 20 years of experience in researching UK and European public real estate companies, including roles at ABN AMRO, AEW, and Citigroup. Matthew has a Masters degree in Financial Economics from the University of St Andrews, and is a CFA charterholder.

Building & Construction Research
Our Housing, Building Materials and Merchants coverage includes all of the UK listed housebuilders, the builders merchants/DIY specialists, the building materials companies, and estate agents.
Clyde Lewis leads our coverage of the sector. He has over 32 years’ experience as an equity analyst including 25 years covering the Building sector. He headed up the building team at both Citigroup and HSBC and has been consistently highly ranked in surveys. He has an Economics degree from Bath University and joined Peel Hunt in 2013. He is also Deputy Head of Research.
Sam Cullen joined Peel Hunt in 2020. He has over 10 years’ experience as a UK housing and building analyst, having covered the sector at both Jefferies and Berenberg. He has a degree in Natural Sciences from Durham University.
Andrew Nussey joined Peel Hunt in 2008 and has over 25 years of experience in equity research including head of support services research at Deutsche Bank. He continues to be consistently ranked in all major investor surveys including Europe’s Best Support Services analyst (Wall Street Journal) and top stock picker (Starmine). Andrew holds an honours degree in Accounting from Aberdeen University.