Doughty Hanson & Co Real Estate has appointed Martin Brendel as a Principal. He will work closely with John Howard, Head of Doughty Hanson & Co Real Estate and be based in Doughty Hanson's Frankfurt office. He will focus on value-added and core-plus, cross-border investments across Europe which complement Doughty Hanson's focus on opportunistic investments in the European real estate market.
Martin Brendel is a German national with 12 years' real estate experience in Europe. He was previously Head of the Acquisition Department for DEGI (Deutsche Gesellschaft für Immobilienfonds mbH), the unit of Allianz responsible for real estate funds.
He joined DEGI in 2001 and while there led and managed real estate acquisitions and disposals across Europe with a total value in excess of 3 billion. During his time at DEGI, four further investment Funds were established, broadening the company's product base and targeting different countries, sectors and investor types. He was responsible for DEGI's acquisition of the Bodio Center office development in Milan from Doughty Hanson & Co Real Estate in 2003.
John Howard, Head of Doughty Hanson & Co Real Estate, said, "I am delighted that Martin is joining Doughty Hanson. We have built a strong local presence and a reputation for providing real estate solutions in each of our target markets. Martin's significant local market experience in Europe will enhance our experienced and entrepreneurial team, as we continue to grow the business."
Martin Brendel qualified as an Economics Engineer and Civil Engineer.
The Doughty Hanson & Co Real Estate Fund strategy is to leverage its presence in eight offices across Europe, using its property experience and active management to create value. It is targeting investment and development opportunities in Italy, France, Spain, the Germanic Region, the Nordic Region and the UK by working closely with public and corporate vendors and occupiers to provide Real Estate Solutions.
Doughty Hanson & Co Real Estate Fund II closed in 2006 and has now completed seven investments representing 245.3 million of equity or 41.6% of the Fund.
Recent investments include Blythe Valley Park, the premier business park in the Midlands, UK from British Land plc and a 50% interest in Aranco, a Spanish residential developer operating in the primary-residence market.
Source: College Hill