Valad appoints Head of Asset Management and achieves first half lettings success in Germany (DE)

Valad, the European multi-let real estate investment manager, is pleased to announce the appointment of Danilo Hunker as Head of Asset Management in Germany, along with a strong first half of lettings activity in the country.

With a strong background in asset management and over 15 years' experience in the German property market, Danilo Hunker takes on responsibility for driving Valad's asset management activity in Germany.

Based in Berlin, Hunker will lead Valad's team of 11 asset managers, working across all regions of Germany, where it manages a number of portfolios across its funds, including V+ Germany, EHI and EIP. Previously, Hunker spent the last seven years at HIH Hamburgische Immobilien Handlung GmbH in Hamburg, most recently as a senior manager responsible for the asset management for institutional clients, managing approximately €1.3 billion of assets.

Hunker holds an MBA in the Study of International Real Estate Management and also a Bachelor of Commerce from the University of Applied Science for Technology and Commerce, Berlin. He is a Member of the Royal Institution of Chartered Surveyors and holds a Diploma in Real Estate Management Administration.

This appointment follows an extremely strong first half of lettings activity in Germany with over 183,000 m² of predominantly warehouse and office space let, representing a 70% increase on the equivalent period in 2010. Highlights in 2011 include the letting of 11,000 m² of office and flexible commercial space to Evotec AG at Essener Bogen 7, in Lagenhorn, Hamburg and 11,400 m² let to Andreas Christ Spedition and Dachser Logistics at Hölderlinstrasse 19 in Tamm, near Stuttgart.

Damian Horton, Valad's Acting Head of Germany, commented: "We are delighted to welcome Danilo to our team and look forward to benefitting from his extensive asset management experience to build on the lettings success we have achieved so far this year.

"The strength of the German economy, combined with Valad's active asset management strategy and the hard work done by our local team, have all contributed to a very strong lettings performance for the first half of 2011."

Source: Tavistock Communications

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