Cornerstone Real Estate Advisers, the Hartford, Connecticut-based real estate investment manager, has hired Sebastian Wohlers as director of business development – the firm’s sixth senior European hire in 2015.
Wohlers joins Cornerstone from Hamburg-based real estate investment manager Warburg-HIH where he was responsible for capital raising and investor relations in Germany, Austria and Switzerland.
Prior to Warburg-HIH, Wohlers held a variety of capital raising roles in business development at Warburg-Henderson, Morgan Stanley and DB Real Estate.
Wohlers will be based in Cornerstone’s Hamburg office and will report to Albert Yang, head of business development – Europe. Yang joined Cornerstone in the newly created position back in August as the firm began its European expansion.
Last month the firm named Séverine Laffineur as head of France and opened a Paris office, which followed the recent openings of Cornerstone’s Spanish office in Madrid, Italian office in Milan and several senior appointments, including: Jorge Duarte as director of fund management – Europe, Valeria Falcone as country head of Italy; and Adolfo Favieres as country head of Spain.
Last year, Cornerstone boosted its global expansion strategy in Europe with the bolt-on of €1 billion firm Pamera Asset Management in Germany.
“His [Wohlers] experience and exposure to the European market will prove invaluable in driving our growth, giving us a solid foothold in our new target markets,” commented Yang.