Heitman hires GE Europe director

The Chicago-based firm has appointed David Brodersen as a portfolio manager for its €350m value-added fund HEPP III, to be based in London, reporting to Otis Spencer.

Heitman has tapped GE Capital Real Estate director David Brodersen as a portfolio manager of its one of its European value-added funds, the €350 million Heitman European Property Partners III vehicle.

Brodersen, who joined the Chicago-based firm in December, will be located in London reporting to co-head of the European operations Otis Spencer.

His appointment follows a three-year spell at GE, where Brodersen was development director and asset management leader for the company’s Central and Eastern European operations. Prior to GE, he managed a property fund sponsored by Landmark Property Management, based in Vienna. Brodersen was also a senior director at CBRE in Moscow.

Last month, Heitman teamed up with Neinver to buy a 75 percent stake in 581,000-square-foot property shopping centre in Poznan, Poland. The property was bought through the €505 million Heitman European Property Partners IV fund and is currently 97 percent leased. It will continue to be managed by Neinver.

The firm also bolstered its securities activities in Asia last summer by hiring John White from Australia’s Challenger Financial Services. His move followed the end of a joint venture alliance between Heitman and Challenger. Based in Melbourne, White is expected to hire additional staff to target equities particularly in Japan, Hong Kong, China, Singapore, and Australia.