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Valad hires two more senior execs for Euro push

The London-based real estate investment manager has recruited Tomas Beck as head of Nordics and Dennis Börgel as head of German business development, following the hire of Audrey Klein as head of equity in May. 

Valad Europe, the real estate investment fund manager, has made two further appointments as the firm looks to continue its recent strategy of targeting core, core-plus and value-add strategies in Europe. 

Tomas Beck has been appointed head of Nordics, with full day-to-day responsibility for the group’s business across the region. Beck has more than 15 years’ experience including working for Första AP-fonden (AP1), the Swedish pension fund, where he was responsible for building up the direct and indirect real estate portfolio.

Dennis Börgel has been appointed head of business development in Germany, to help push Valad’s capital market coverage in the country. Börgel has more than 15 years’ experience, working most recently for JLL’s portfolio investment team and previously at Cushman & Wakefield where he led the real estate corporate finance team.

The two hires follow hot on the heels of another major recruitment by Valad. In May, PERE reported that Audrey Klein, one of the best known names in the European placement agent business, had joined the firm as head of equity. She will be tasked with raising discretionary capital in Europe, the Middle East and Asia.

Klein joined from real estate fund manager Aerium, where she was managing director. Prior to Aerium, she founded the European business of Park Hill Real Estate, formerly the capital raising subsidiary of The Blackstone Group.

David Kirkby, chief executive officer of Valad Europe, said: “These new appointments clearly signal our intention, as part of Cromwell Property Group’s global real estate investment strategy, to continue growing and expanding our European platform, both in terms of capital raising ability and our reach into new geographic regions.”

“In Europe, we have identified several investment themes spanning the core, core-plus and value-add sectors, which we are targeting at our existing investor base as well as institutional investors in Asia,” he added.

Valad has also made several internal appointments, with Christian Bearman taking on the role of head of business development and private equity and Rob Cotterell being promoted to head of transactions, managing Valad’s European transactions teams and responsible for acquisitions and deal execution. James Sullivan is also stepping up to take on the role of European head of operations.

In addition to his role as head of UK real estate, Simon Marriott has taken on the role of head of investments. Thomas Gurski has been appointed as head of asset management in Germany, working alongside Danilo Hunker, the head of Germany.

Valad Europe currently manages €4.7 billion of real estate assets.