Doughty Hanson Real Estate last week announced that it has appointed Douglas Edwards as a Principal and member of its management committee. Based in London, he will work closely with John Howard, Head of Doughty Hanson & Co Real Estate.
Douglas' prime responsibility will be to support John Howard in furthering the overall investment strategy of Doughty Hanson & Co European Real Estate Fund II as well as originating transactions across the Fund's target investment markets.
This is Doughty Hanson's second recent senior appointment, having appointed Lahlou Khélifi to develop its real estate activities in France in March this year.
The appointments come ahead of the launch of Doughty Hanson's new real estate fund, Doughty Hanson & Co European Real Estate Fund II, later this year. John Howard will lead Fund II, which will invest in real estate throughout Europe focusing on value creation through active management.
Douglas, aged 45, has over 19 years' experience in the real estate sector, most recently as Director and Principal of AXA REIM's Real Estate Private Equity Fund. Before that, he was a director of RoProperty Venture Capital, the real estate private equity group of Rodamco. Prior to that, he spent 12 years at UBS in their London and New York offices, latterly as Executive Director Real Estate.
Douglas Edwards said: "I am delighted to be joining one of the most successful European real estate teams, who have a proven business platform as well as an excellent track record in delivering value-added, high-quality, real estate investments and achieving excellent returns for their investment clients."
John Howard, Head of Doughty Hanson & Co Real Estate, said: "I am very pleased that someone of Douglas's expertise and real estate calibre is joining the team to further enhance the well-established and proven skill base in the company. Doughty Hanson Real Estate's successful and consistent strategy has been to leverage our European platform through local presence and experience across key markets in Europe, which we will continue to do in Fund II."
Doughty Hanson & Co European Real Estate Fund I, which started investing in 2000, is one of the most successful European real estate funds.
Investors in Doughty Hanson & Co Real Estate have received cumulative distributions representing an overall realised return of three times on the Fund's cash investment and a gross realised IRR of 49%.
Source: Doughty Hanson