M&G Real Estate (M&G) has appointed Martijn Vos as Head of Continental European Living to spearhead its expansion into the sector. Based in Amsterdam, he reports to Alex Greaves, Head of UK and Euro Living.
In his new remit, Vos will drive M&G’s European residential strategy to create sustainable housing opportunities for M&G’s European property fund range. This will include investment into Europe’s multifamily residential, co-living, student accommodation and senior living sectors, through the acquisition of standing stock and forward funding agreements with selected developers who share M&G’s vision to increase housing supply by building high quality, sustainable homes that support wellbeing.
Working closely with the teams under Alex Greaves and Marc Reijnen, Head of European Investment and Asset Management, Vos will combine M&G’s UK residential expertise with its European investment and asset management capability to source and manage assets. Both teams have already collaborated on EUR358 million of deals in France, Italy and the Nordics in the last eight months. M&G launched one of the UK’s first institutional PRS funds in June 2013, which now comprises assets and commitments of GBP1.2 billion and more recently the M&G Shared Ownership Fund, which will deliver GBP500 million of new, sustainably designed affordable homes over the next 12-18 months.
With more than 16 years’ experience of European private equity real estate markets, Martijn has a demonstrable track record of creating and managing, operational real estate investment platforms, joint ventures and funds. He joins from one of the world’s largest pension investors, APG Asset Management, where he held various senior, strategic and board roles. Most recently as Director of Real Estate Europe, he managed
a EUR3 billion real estate portfolio having established investment platforms in the hotel, serviced apartment, residential, student housing and retail sectors.
Alex Greaves says: “Martijn’s appointment is a reflection of growing investor demand for alternative assets and the structural shift in demographics and lifestyles underpinning robust, long-term fundamentals for the living sectors. In times of heightened uncertainty, this shift towards the living sector has been recognised by institutional investors for its strong diversification characteristics.
“Despite growing urban populations, housing supply in many markets remains inadequate, both in terms of volume and quality. As people increasingly demand more from where they live, this in turn is fuelling demand for new, quality accommodation.
“We welcome Martijn to M&G and are confident that his enviable track record and skillset will serve us well.”
Source: www.propertyfundsworld.com on 7th of July