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Allianz expands London debt operations with €141m Chancery House loan

Allianz Real Estate has provided £120 mln (€141 mln) in debt financing to The Office Group (TOG), majority owned by real estate funds managed by the Blackstone Group, for the acquisition and refurbishment of Chancery House in London. The deal, completed on behalf of several Allianz group insurers, is the fifth debt transaction in London for Allianz Real Estate and the first since it opened its London office in mid-2019. Chancery House is a 150,000 sq ft (13,940 m2) prime...

Altera appoints Ellen Tak-Zwetheul as member of the management team

Dutch real estate investor Altera Vastgoed appoints Mrs Ellen Tak-Zwetheul as head of Research & Strategy and member of the management team. Mrs Ellen Tak succeeds Mr Kees van der Meulen who, at his own request, has transferred his management responsibilities and continues to work at Altera as Research Manager. Ellen Tak has more than 10 years experience within the real estate industry. For the past 3½ years she has held the position of Research Manager at Altera. She played...

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PATRIZIA adds to Management Board

PATRIZIA has made three internal appointments to its Management Board covering the core competencies of Digitalisation, Technology & Innovation and Human Resources. • Alexander Betz will assume Chief Digitalisation Officer (CDO): Alexander has been founder and chairman of the supervisory board of eFonds AG as well as entrepreneur in various digital platform businesses. He has been leading PATRIZIA’s digitalisation for the last two years. His tasks include building the PATRIZIA IT platform fostering operational excellence and best service quality for...

UBS Asset Management appoints Gaetano Lepore as Head of Italy Real Estate business

UBS Asset Management (UBS-AM) Real Estate & Private Markets (REPM) business has appointed Gaetano Lepore as its new Head of Italy, effective immediately. Gaetano Lepore takes on the Head of Italy Real Estate position while retaining his role as Portfolio Manager in UBS Asset Management (Italia) SGR SpA. He joined UBS Asset Management 12 years ago holding different roles such as Head of Investment Management Real Estate Italy. This experience allowed him to gain a deep knowledge of the Italian...

JLL adds senior hire to Scottish investment team

JLL has added a new director to the firm’s growing Scottish investment team. Calum Cowe will join the property consultants as director within its capital markets team after spending over eight years at Cushman & Wakefield. He joined as a graduate and rose through the ranks to become partner in 2018. Cowe’s hire follows Andrew Shiells’ appointment to JLL’s Scottish investment team in November, joining from Lambert Smith Hampton. Cowe will be based in JLL’s Edinburgh office and work on...

Schroder Real Estate Capital Partners appoints new head

Schroders has named its new head of Schroder Real Estate Capital Partners (SRECaP) as Sarah Cockburn. The role has overall responsibility for the management and investment performance of the £4 bn indirect real estate business. Cockburn will also become a member of the indirect investment committee, reporting to Nick Montgomery, head of UK real estate investment. Sarah has 21 years industry experience, having spent the last 12 years at Kames Capital and PGIM, where she was most recently an executive...