Minerva appoints new CEO (UK)

Minerva plc, the property investment and development company, has announced the appointment of Salmaan Hasan as Chief Executive with effect from 30 June 2005.

Salmaan Hasan, aged 40, is presently at the Deutsche Postbank London where he has been Head of Property Finance since he joined in 1994. He graduated from the University of London and then City University Business School, where he achieved an MBA in International Business and Finance. He combines a detailed understanding of finance and real estate, having worked previously for Samuel Montagu, Industrial Bank of Japan and BHF Bank, London.

He has been responsible for over £5 billion of structured real estate transactions throughout the UK and Europe. He has worked with many of the UK’s major real estate development and investment groups including; CIT Group where he was responsible for the funding of More London the major office development located on London’s South Bank; Heron International where he has been responsible for the current financing of “Heron Plaza” which is located in Bishopsgate in the City of London; Morgan Stanley Real Estate Fund; Delancey; MWB Group; Apollo Real Estate Partners and Prince al Waleed bin Talal for whom he financed the reconstruction and investment hold of the George V in Paris. He has also been involved in project financing a number of Minerva’s assets including The Minerva Building and The Walbrook.

Andrew Rosenfeld, Chairman of Minerva, said: “We are delighted that Salmaan will be joining Minerva to spearhead a new period of activity for the Group. He possesses a rare combination of strong financial and real estate experience and has the additional advantage of already having a knowledge of our business. These factors together with his leadership qualities provide Minerva with a great future.”

Salmaan Hasan said; “Having an understanding of Minerva’s business coupled with my experience of real estate and structured finance, I very much look forward to working with the team at Minerva so as to realise the significant potential of the Group.”

Source: Minerva