Kenmore Property Group has announced the further expansion of its Belgian office with the appointment of Stephane Wauters as Associate Director. The appointment follows the announcement in June 2007 of an acquisitions drive across Belgium.
Stephane will be responsible for managing the existing assets in Kenmore's portfolio,as well as sourcing new investment opportunities throughout Belgium. With over 20 years experience in asset management and project management roles, he joins from Intervest Offices where he worked for the past two years as an Asset Manager. Prior to this Stephane worked for Colliers EPMC. He has also worked for companies including Slough Properties, Immobiliën Moorkens and Anbico / Permasteelisa.
Rob Brook, Managing Director at Kenmore, commented: "We are delighted to welcome Stephane to our team and look forward to working with him as we continue to drive our expansion. His extensive knowledge and experience in the Belgian market will help us to manage and grow our retail and industrial portfolio across the country."
Kenmore currently has a portfolio of existing assets across Belgium worth over £50 million (73.5 million), which includes retail warehousing and light industrial property. The group's first purchase was a mixed use portfolio of 112,000 m², acquired in October 2004 for £27 million (40 million) in a joint venture with Revcap. This portfolio includes office, retail warehousing and light industrial accommodation located within the Brussels, Antwerp and Ghent triangle.
Kenmore has recently bought a number of Belgian industrial properties for KEIF, the European Industrial Fund that was launched in September 2006. These include Industrielaan 9, Olen; Interleuvenlaan, Aarschot; Glasstraat, Antwerp and Houthalen, Limburg.