WP Carey appoints Bond as global CEO

New York-based sale and leaseback specialist WP Carey has appointed Trevor Bond as global chief executive officer following a short spell holding the position in an interim capacity.

WP Carey, the New York-listed real estate investment management firm, which recently bought the headquarters of the New York Times, has appointed Trevor Bond as its global chief executive officer on a full time basis.

Bond has held the position at the firm, which manages a global investment portfolio valued at approximately $10 billion, on an interim basis since July but has now been unanimously elected by the firm’s main board into the position full time.

He has been a director sale and leaseback specialist WP Carey since 2007 before when he served as a director of several of its CPA REITs. Over his 25 year career, Bond has amassed experience in sectors including finance, development, investment and asset management and has worked in regions including Asia.

He was previously a managing member of Maidstone Investment Company, a private investment vehicle investing as a real estate limited partner. He also previously worked for Credit Suisse First Boston from 1992 to 2002 where he co-founded its Real Estate Equity Group, a platform which managed approximately $3 billion of real estate assets.

Prior to CSFB, he was an associate of the real estate and finance departments of Tishman Realty & Construction and Goldman Sachs in New York.

William Carey, chairman of WP Carey, said: “Having served as a Director of W. P. Carey and several of our CPA REITs, as well as a member of our independent Investment Committee, he comes into this position with deep knowledge of our corporate culture and our long term commitment to our investors and tenants.”

Earlier this year it was involved in a $225m all-equity deal with the New York Times for its Eight Avenue headquarters, a €115m of sale and leaseback deal with Spanish food retailer Eroski and further deals in the UK with Tesco and National Express.