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. The team has been recognised in the Institutional Investor (Extel) Surveys where the team has been ranked 1st for the past four years.

James Carswell joined Peel Hunt’s real estate research team in 2011. The team has ranked 1st in the Institutional Investor (Extel) Survey for four years in a row and James has been individually ranked 1st for Real Estate in the 2021, and 2nd in the 2020 & 2019 surveys. 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. He was recently ranked #3 Top Stock Picker for the Real Estate category (United Kingdom and Ireland) in the 2020 Refinitiv StarMine Awards. Matthew was also ranked 4th for Real Estate in the 2021 Institutional Investor (Extel) Survey.


No. of companies covered
No. of Clients
II survey results 2021

Industrial & logistics

The ongoing disruption caused by the pandemic, and more latterly the tragic events in Ukraine, will likely see companies attempt to build resilience into their supply chains, holding even higher levels of inventory onshore. Delays in the delivery of goods are likely to become more acute and the current crisis will increase pressure on UK warehouse space at a point of record low vacancy.


James Carswell

Research analyst

Matthew Saperia

Research analyst

Explore further