Our People

Most of PMA’s international team is based in our London office, but we also have offices in Germany and Japan. PMA is wholly owned by its Partners, who in most cases have been with the practice since the 1980s. Our Partners and analysts typically have a background in investment surveying, economics, geography or econometrics, allowing us to draw upon a wealth of knowledge and to marry technical know-how with market expertise. Most major countries are represented in our team, helping us overcome language and cultural boundaries and open doors to local intelligence worldwide.


Paul Clark MRICS BSc
Managing Partner
Joined: 1988
UK and Global investment analysis

Marc Espinet
BA MA Dip PropInv (RICS)
Joined: 1988
European Retail

Lorna Fraser MA
Joined: 1987
UK Retail, European Logistics

Catherine Kervennic BA
Joined: 1999
European Offices and Retail, France

Raimund NossMSc Real Estate
Joined: 2004
European investment markets, Germany

Nick Price BA
Joined: 1990
Asia-Pacific and UK Offices & Logistics
Client Relations

Stephen Waterman MA (Cantab)
Managing Partner
Joined: 1988
European Offices

Ian Wells BA PhD
Joined: 1991
Asia-Pacific Retail

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