Savills Investment Management, the real estate investment management arm of property services firm Savills, has named Volker Wanka as director, fund management for Singapore.
Wanka has moved from the Frankfurt office of Savills IM where he was also a director, fund management, to lead the fund management and transaction activities for Savills IM’s Asia Property Fund 2, a closed-ended fund which has been fully invested and has current assets under management (AUM) of €130 million, as well as the Asia Pacific Fund, an open-ended fund with €145m AUM, from Singapore.
Prior to working for Savills IM in Frankfurt, Wanka, was based in Singapore from 2008 to 2014, where he was vice president, real estate Investments with SEB Asset Management. During that stint, he oversaw acquisitions and dispositions across commercial, retail, residential and hospitality sectors with an aggregate value of more than $2.6 billion.
“His deep knowledge and expertise in the Asian markets will certainly bolster the team’s strategy to achieve continued growth and expansion in Asia,” commented Michael Flynn, chief executive, Asia-Pacific at Savills IM.
Savills IM, which currently manages approximately €17 billion of assets, has been in growth mode following its capture last year of SEB Asset Management, the property investment management business of Nordic corporate bank SEB Group where Wanka previously worked.
In May, the firm appointed former chief operating officer James Bury as chief executive for Europe and Michael Flynn, who worked previously as Savills IM’s managing director and head of South East Asia and Australia, as chief executive in Asia Pacific.