BlackRock EMEA real estate head departs – Exclusive

Long-serving senior executive Tom Lee has left BlackRock to pursue other opportunities.

Tom Lee, managing director, chief investment officer and head of EMEA, for BlackRock Real Estate has left the firm.

A BlackRock spokesperson has confirmed the news of Lee’s departure.

“Tom Lee has left BlackRock to pursue other opportunities. We wish him well and thank him for his contributions to the firm,” the spokesperson told PERE.

Lee was responsible for overseeing BlackRock’s European real estate investment activities.

PERE understands that he left the leadership role in January. He has not been directly replaced yet, however his responsibilities have since been assumed by the board and the European real estate team. BlackRock has a team of over 60 people across continental Europe and London. 

He has more than 16 years of real estate industry experience including as MGPA’s chief executive officer for Europe before the firm was acquired by BlackRock in 2013. Lee also worked for MGPA in Singapore, including as chief operating officer, according to his profile on BlackRock’s website.

Prior to MGPA and BlackRock he worked at Lend Lease in Australia, the US and in the UK.

Lee is the second senior executive to have left the firm since the start of the year. In March, PERE reported news of the departure of Michael Klibaner, BlackRock’s director and head of Asia Pacific research. Klibaner was responsible for leading the real estate research in the region, and for supporting fundraising, asset management, acquisition, and disposal activities.