Mr Broad has been with the business for six years joining from Cushman’s in 2016. Since then, he has helped drive the transactional and advisory offer forward, with a focus on the offices and industrial sectors, almost doubling the team headcount under his guidance.

Mr Renouf, who joined the business in 2012, has been instrumental in building Avison Young’s hotel and leisure sector capabilities across the UK, leading the team and growth in Scotland. His clients include major banks, owners, private and institutional investors, hotel operators and franchisors, as well as property developers.

The duo join the more than 50 principals that are being honoured as part of the Avison Young Principal Class of 2022. Avison Young said it is a principal-led, people-first firm with more than 650 principals across the globe.

Alison Taylor, principal and managing director of Avison Young, Glasgow, said: “Paul and Andrew have both delivered massively, showing excellent leadership capabilities, especially over the challenging recent times. They have helped further evolve our transactional and advisory offering and been instrumental to winning some very high-profile work across the office, industrial and hotel sectors.”

Paul Broad, principal, said: “Becoming Principal at Avison Young is a significant milestone for me personally and a platform to play a leading role in the success of Avison Young in Scotland in coming years. Our clients continue to seek specialist sector advice and I have particularly enjoyed working on recent projects where occupiers are looking to adjust their office environments to boost morale and productivity, creating an appealing workplace for staff to encourage the return to the office.”

Andrew Renouf, principal, added: “I’m very proud to have been named a principal at Avison Young. I am looking forward to continuing to build our hotel and leisure sector capabilities across the UK, leading the team and growth in Scotland, and playing a key role in determining the strategic direction of this exciting people-powered company.”