David Brush joins Pirelli Real Estate as independent director

The veteran former global head of opportunity funds at RREEF Alternatives Investments is keeping his hand in European property after retiring from RREEF earlier this year.

David Brush, the former head of Europe at RREEF Alternative Investments and global head of opportunity funds, has taken up an independent directorship at the real estate arm of Italian tyre maker, Pirelli.

Brush, who retired from RREEF earlier this year after 20 years of service, was voted onto the board by shareholders at Pirelli Real Estate’s annual meeting on April 14, according to a statement.

The company also put details of a share buyback before shareholders.

During his tenure, RREEF and Pirelli forged close links in Europe where they have invested in a number of deals together. Two of the largest joint investments were the €1.6 billion ($2.2 billion) acquisition of German residential property company BauBeCon from Cerberus Capital Management in July last year and more recently the acquisition of a 49 percent stake in a portfolio of German department stores from Germany’s Arcandor Group.