Europa Capital hires former Hermes RE CIO

Tim Turnbull, previously chief investment officer at the real estate arm of the BT pension fund, has joined Europa Capital to expand the firm’s fund relationships.

Europa Capital, the pan-Europe focused firm, has hired the former chief investment officer of Hermes Real Estate to expand its fund relationships.

Turnbull resigned from Hermes earlier this year after nearly six years at the firm, which is the asset management and investment arm of one of the UK’s biggest pension funds – BT.

As well as being chief investment officer at Hermes Real Estate, he was also a member of Brockton Capital Fund I, the first opportunity fund that London-based Brockton Capital raised.

Prior to this, he was at Aberdeen Property Investors, where he was responsible for Barclays Life and subsequently ADIA’s UK real estate portfolios.

Noel Manns, principal at London-based Europa Capital, said in a statement that Turnbull brought a high level of fund management and real estate experience.

In turn, Turnbull added that he joined Europa Capital at a “dynamic time” for the business. “The combination of Europa’s strong track record, country partner relationships, financial backing by The Rockefeller Group and the current uncertainties within the financial markets across Europe present fantastic opportunities,” he said.

Rockefeller Group International, the New York-based real estate investment firm acquired a majority share in Europa Capital just over a year ago.
The firm has raised six real estate funds and invested more than €7 billion across Europe since its inception in 1995.

It is currently investing two funds for European property investment, being Europa Fund III and Europa Emerging Europe, which invests in Eastern Europe. Together, these funds raised €895 million of equity.