Ex-APG exec van Aert made head of non-listed RE at Kempen

The former head of non-listed real estate in Asia for the Dutch pension manager APG is to lead the Dutch Merchant Bank’s private real estate investment advisory operations on behalf of pension funds and insurers.

Daan van Aert, the former head of non-listed real estate in Asia for Dutch pension manager Algemene Pensioen Groep (APG), has been given a role with the same title at Kempen Capital Management, the investment advisory platform of Dutch merchant bank Kempen & Co.

van Aert, who was instrumental in building APG’s private real estate operation in Asia since it opened a Hong Kong office in 2007, left the pension manager in October 2013.

He joined Kempen a year later, initially working in its corporate finance division.

In his new role, he will be leading its investment advisory operations, specifically advising institutional investors on their strategic allocations and assisting in the implementation of their strategies.

He will mainly be working with pension funds and insurance companies, assisting them as they engage the sector.

Lars Dijkstra, chief investment officer at Kempen Capital Management, said: “We experience a clear and increasing need of institutional investors for support with the selection and monitoring of their non-listed real estate portfolios.”

“This need is triggered amongst others by, on the one hand, the relatively large exposure of this investment segment in their overall investment portfolios and on the other hand the specific nature and relative limited public information of this sector.”

“KCM has been an experienced specialist in the real estate sector for a long time and continuously strives to improve their offer. We are convinced that with Daan on board, together, with his relevant international experience, we will further strengthen our organization. For our clients his arrival leads to an improvement and broadening of our services.”

APG’s Asia non-listed real estate team is today led by Sachin Doshi, who was previously part of van Aert’s team.