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ProLogis appoints duo for senior Euro roles

The Denver based logistics firm in the midst of a restructuring process has appointed a new chief financial officer and a head of treasury for its European operation. The appointments come in the same week the company revealed it had completed $561 million of asset disposals this quarter.

Denver-based logistics developer and fund manager ProLogis has appointed David Doyle as its chief financial officer for Europe from property services firm Colliers CRE. The firm has also named Christian Nickels-Teske as head of treasury.

Doyle will replace Phillip Dunne who was recently promoted to president and chief executive officer of the logistics giant’s European business. He will assume his duties on 20 July.

At London-based Colliers CRE, Doyle was responsible for finance, risk management and legal affairs as well as partnering with the Group’s chief executive to develop and implement strategy, including capital raising and acquisitions. Before joining Colliers CRE, he held roles at online banking group Egg and at Prudential, where he was head of corporate finance.

Christian Nickels-Teske has joined the company as head of Treasury Europe from Citigroup Global Markets where he was the director and head of real estate finance for central and eastern Europe and Russia.

ProLogis currently has more than 475 million square feet of industrial space under management across North America, Europe and Asia, however the firm has been in restructuring mode of late and has been selling assets to meet its debt obligations.

It has sold $561 million of assets this quarter alone including a portfolio to the Teachers Retirement System of Texas pension fund, which was announced this week, and a property to GIC Real Estate which followed the sale of its Chinese business and parts of its Japanese business to the state wealth fund at the end of last year.