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The termination of Michael Bütter as CEO at one of Germany’s biggest real estate investment managers was down to ‘personal misconduct' the firm said.  
Stockholm NIAM
The former leader of NREP’s Pelican Self Storage will step up to be the Nordic real estate firm’s second chief executive.
Bernie McNamara, former JPMorgan Asset Management global head of alternatives investment strategy, will join the firm as part of a three-year succession plan.
The retail specialist is looking to broaden its investment strategy to include associated asset classes, starting with accommodation for the final leg of retailers’ supply chains.
Four executives have been promoted in the firm’s investment management business.
Tony James’ Jefferson River is part of an uptick in family offices seeking to invest in the asset class for the first time.
The newly-created position is part of JLL’s ambitions to be the largest capital advisory firm by team members next year.
The real estate firm plans to makes its first investment in the asset class within nine months, targeting assets in Brazil as the country emerges from recession.
Heavyweight Australian investors back a new workplace diversity initiative as LPs admit the issue is a factor in their investment decision-making.
As new partners at AOL co-founder Steve Case’s firm, the pair will invest in real estate in non-gateway markets to support startup and growth firms.
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