Ex-ADIA Asia head joins AREIM

Jonathan Hannam, the former head of Asia at the Abu Dhabi Investment Authority has joined Stockholm-based Andersson Real Estate Investment Management.

Andersson Real Estate Investment Management (AREIM), the Stockholm-based real estate advisory and fund management firm has hired Jonathan Hannam to expand its business.

PERE has learned that former head of Asia real estate at the Abu Dhabi Investment Authority Jonathan Hannam has joined AREIM as a director. Hannam joined from Swedish rival Catella real estate investment management, where he spent the last 18 month providing investment advice and capital raising services.

Prior to working at Catella and ADIA, Hannam was also a managing director at ING Real Estate in Asia.

Hannam told PERE following his appointment that his new role would see him take on “new initiatives” in Europe.

He said: “There needs to be a much greater alignment between investor and investment management and, post-crisis, investors require much greater levels of governance, transparency, and alignment of interests.”

“I held discussion with AREIM and could see there was a similar philosophy in putting the interests of the investors first and thus we have decided to work together on a number of new initiatives in Europe.”

AREIM was founded in 2003 as an advisory practice to a roster of investment managers including The Blackstone Group and ING Real Estate.

In 2007, the firm raised its first investment fund, the AREIM I fund, with committed capital of SEK 2.1 billion (€223 million; $284 million) from investors including Singapore’s GIC and European investors ABP and ATP. Each investor committed SEK 700 million to the vehicle.

The fund has a value-added strategy and focuses on offices in large Swedish cities although it can invest in other geographies and real estate asset classes.