Recruitments, promotions and appointments in the European Retail Real Estate Industry.


Image: AEW


Hans Vrensen

AEW has appointed Hans Vrensen as European Head of Research and Strategy. Based in London and overseeing teams in London and Paris, he will report to Rob Wilkinson, Chief Executive Officer of AEW Europe.

Vrensen’s responsibilities will include advising the investment and asset management teams on macroeconomic and property market dynamics, contributing to the formation of investment strategies, and performing primary and secondary property market analysis.

Wilkinson commented: “Hans brings with him a wide range of real estate and capital market experience. He joins a team whose commitment is to provide seamless applied research for the benefit of clients and the AEW platform. We are very pleased to bring someone of Hans’s caliber on board.”

Vrensen has worked in the real estate industry for more than 25 years, comprising 15 years in commercial real estate investment management, valuation, consulting, and research, and a further 10 years in managing real estate and ABS research publishing teams, including eight years in European CMBS/ABS sell-side research and ratings analysis.

Before joining AEW, he acted as an external consultant to CREFC Europe for two years and was global head of research at DTZ from 2009 to 2015.


Image:: AG Real Estate
Image: AG Real Estate

AG Real Estate

Philippe Monserez

 AG Real Estate has decided to streamline the design-and-build activities for all its real estate projects under the direction of Philippe Monserez.

He holds the new position of chief design & build officer (CDBO) and will become a member of the management committee and the board of directors of AG Real Estate in that capacity. For almost five years, Monserez has headed AG Real Estate. He has more than 25 years of experience in managing real estate programs and projects and running international and multidisciplinary teams.

“We are pleased to welcome Philippe to the management committee,” said AG Real Estate CEO Serge Fautré. “Because of his many years of experience in managing ambitious construction projects, we have complete confidence that Philippe will successfully carry out all our current and future design & build projects. As an excellent leader, he should be able to utilize fully all the expertise present at AG Real Estate to raise the construction projects to an even higher level.”


Image: Bilfinger
Image: Bilfinger

Bilfinger Real Estate

Daniel D. Caspers

Daniel D. Caspers has recently taken over responsibility for operational center management at Bilfinger Real Estate in Germany, soon to be renamed Apleona. He succeeds Michael Bünnagel, who left the company in September. 41-year-old Caspers is active at the company’s location in Düsseldorf and reports to Volker Sonnenschein, Head of Center Management. He has a degree in business management and has been involved in commercial real estate property management and the management of expansion and refurbishment projects in the real estate and housing industry for 15 years. Most recently, he held senior management positions at IC Property Management in Düsseldorf, IMOBA Immobilien Service in Duisburg/Mülheim an der Ruhr, and at Commerz Real in Düsseldorf. Sonnenschein said, “I am confident that Daniel Caspers, with his many years of leadership experience and expertise in real estate and key account management, will help to position and expand our consulting and management services for commercial real estate in the market. I’m looking forward to working with him.”


Image: Cushman & Wakefield
Image: Cushman & Wakefield

Cushman & Wakefield

Sue Boor

 Cushman & Wakefield recently announced the appointment of Sue Boor to the role of Head of Marketing for The Lexicon Bracknell, the £240-million (€285-million) retail & leisure project in the heart of Bracknell town center. With marketing experience spanning over three decades, Boor joins from M&G Real Estate, where she was Head of Marketing for Manchester Arndale. During her time at M&G Real Estate, she also oversaw the implementation of the integrated consumer marketing plans across the M&G Real Estate shopping center portfolio, as well as marketing campaigns, events, and promotions. In her role as Head of Marketing, Boor will work to establish The Lexicon Bracknell as the new retail and leisure destination for the town, recognized by the local community and farther afield as a vibrant and unrivalled shopping, dining, and leisure experience within a thriving, convenient, and appealing environment. Pat Sutton, Associate Director of Retail Asset Services at Cushman & Wakefield, said, “We are delighted that Sue Boor will be joining the team at The Lexicon Bracknell. Sue’s experience will be invaluable in cementing The Lexicon as a strong and enduring brand for Bracknell and Berkshire, building anticipation in the run up to opening, as well as continuing to drive footfall and excitement, post launch in September 2017.”


Image: Freo
Image: Freo


Sebastian Greinacher

The Freo Group recently added Sebastian Greinacher to its management team. He assumes the position of managing director for project development in Germany, Austria, and Switzerland.

Greinacher has over 30 years of experience in real estate investment and project development. He has worked for Signa Real Estate Capital Partners and Doughty Hanson & Co, among others. Greinacher will work in Freo’s Munich office in Luisenstraße.


Image: AERE
Image: AERE


Rachel Lavine

Gazit-Globe has announced that Rachel Lavine is stepping down on January 31, 2017 as CEO. She agreed to continue to serve as Vice Chairman of Atrium and on Citycon’s board.

Dori Segal, Executive Vice Chairman of Gazit-Globe, was named CEO. Lavine joined the Group nine years ago and served six years as Atrium’s CEO. Over the years, she has led Atrium’s turnaround, increasing its assets’ value from €1.6 billion to €2.5 billion; the operating profit margin increased from approximately 70% to 95%, while its dividend has increased from 3 cents a share to 27 cents a share.

Lavine commented: “Gazit-Globe is an amazing real estate group that has many opportunities and challenges ahead. It is blessed with two very professional and hands-on large shareholders and excellent management. I believe that Gazit Globe’s new strategy, among other things to increase investments in private real estate, will prove itself in the coming years. I am delighted to have the opportunity to continue to contribute from my experience as vice chairman for Atrium and as a director for Citycon.”


Image: Isabelle Levy Lehmann
Image: Isabelle Levy Lehmann


Juliette Delcourt

Juliette Delcourt is the new marketing, digital, and innovation director at Immochan. Previously the marketing director at Marionnaud, she joined the company to strengthen its marketing and digital strategy in coordination with the 12 countries in which it operates.

The 47-year-old graduate from Escp and Insead began her career at Yves Saint Laurent, then joined Sony in Product Marketing. At Sony Pictures, she became marketing and communications director, then spent nine years at Bouygues Telecom, successively occupying the posts of marketing manager, internet strategy manager, and iPhone business manager. At Française Des Jeux, she was the customer and digital director for three years.

Delcourt takes over from Éric Deleplanque who is ensuring the handover until he retires in March 2017


Image: IPH Handelsimmobilien
Image: IPH Handelsimmobilien

IPH Handelsimmobilien

Ralf Bönnemann

As of January 2017, Ralf Bönnemann will strengthen the leasing team at IPH Handelsimmobilien and IPH Centermanagement.

The economic geography graduate was director of the Department of Shopping Center Leasing Germany at CBR GmbH in Cologne until December 2016. He was responsible for the nationwide leasing of shopping centers, including giving strategic advice to national and international investors and owners. Prior to that, the 47-year-old was at ECE Projektmanagement GmbH & Co. KG from 2004 to 2015. From 2013, he was responsible there for the leasing of numerous shopping centers, from initial leasing to inventory optimization, as a senior leasing manager.

Before working at ECE, Bönnemann served as head of leasing for BBE Projektmanagement GmbH and as deputy head of leasing for Kemper’s Hamburg GmbH, a broker specialized in retail.

“We are very pleased to welcome Ralf Bönnemann back to his roots,” said Joachim Stumpf, Managing Director of IPH Handelsimmobilien. Bönnemann began his career at IPH in 1999. “Letting is becoming more demanding and more and more of a key component of performance in management, development, and revitalization. With this in mind, he will strengthen our team decisively,” added Stumpf.


Image: KGAL / Markus Schlaf
Image: KGAL / Markus Schlaf


Emmanuel Parrenin

Emmanuel Parrenin heads business development for KGAL Group. The French native brings 20 years’ experience in international finance. Parrenin, a trained engineer aged 45, joined the company’s management team in September 2016. As managing director, he will focus on new business initiatives for the KGAL Group.

“Real assets offer a compelling capital-adjusted risk reward for institutional investors. KGAL’s positioning in this market, through its half-century existence, track record, and industrial partnerships, is unique. I’ve been very impressed by the deep asset knowledge in each of KGAL’s core asset classes—aviation, real estate, and infrastructure—and our strong reputation with German institutional investors. I’m looking forward to expanding our footprint in key markets outside of Germany,” Parrenin emphasized.

“We are delighted to bring to our management team a senior City banker. Mr. Parrenin will be reinforcing KGAL Group in its ongoing international expansion and its growth strategy,” said CEO Gert Waltenbauer.


Image: Michel Labelle
Image: Michel Labelle


Jean-Marc Jestin

The Supervisory Board, as part of its succession plan for Klépierre’s management, held a meeting on November 7, 2016, and decided to promote Jean-Marc Jestin to the role of chairman of the Executive Board, with effect from the date hereof, thus replacing Laurent Morel.

The transition is part of the Supervisory Board’s succession plan, which included Jestin’s appointment as chief operating officer and member of Klépierre’s Executive Board in 2012.

“This is the right time for Jean-Marc Jestin to become Klépierre’s next chairman of the Executive Board. We have selected a highly qualified leader at a time when Klépierre is in a very strong financial and operational position,” said David Simon, Chairman of the Supervisory Board.

“Since joining Klépierre in 2012, Jean-Marc has been an outstanding chief operating officer. He has in-depth knowledge of the organization and his tenure has yielded excellent operating improvements and financial results across the company, including being instrumental in leading the highly successful acquisition and integration of Corio. His leadership, combined with his vision and energy, will help set the tone for the future of Klépierre.,” Simon continued.


Image: Redevco
Image: Redevco


Kristof Restiau

Redevco has appointed Kristof Restiau as managing director Redevco Belgium, effective January 1, 2017. He succeeds Eric Van Dyck, who has been in this role since October 2010. Evan Dyck will focus on his role within the Investment Committee and continues to be a member of Redevco’s Board as chief investment officer.

In his new role, Restiau will be responsible for the company’s activities in Belgium and Luxembourg. Redevco Belgium represents about 25% of the total portfolio value of the company’s assets under management, mainly invested in high-street retail buildings and retail parks.

The 49-year-old will focus on further enhancing and future-proofing the Belgian properties, with special attention to large-scale retail park redevelopments. In addition, he will be responsible for the local execution of the investment strategy, buying and selling retail property for the various investor clients that the Redevco platform services.

Restiau has a strong track record in retail real estate, having worked in various real estate-related roles with retailers Quick and Lidl. For the last nine years, he was general manager real estate for Kinepolis, an international developer and operator of movie theaters.


Image: SRV
Image: SRV


Anders Liljenstolpe

SRV Group Plc has appointed Anders Liljenstolpe as Senior Vice President and Head of Business Operations in Russia as of December 1, 2016. Liljenstolpe has worked in SRV’s Russian organization since 2011 and has been responsible for developing and operating shopping center projects in Russia.

Before joining SRV, the 45-year-old had a long career at Ikea, with responsibility for a number of malls and department stores in different parts of Russia. Prior to that, he worked in the service of the Swedish defense forces.

“Anders Liljenstolpe has played a key role in developing our shopping center operations in Russia. He has a very strong commercial background and, above all, just the right kind of experience and vision as we increasingly change our strategy in Russia from builder to developer and manager of shopping centers and real estate,” said SRV President & CEO Juha Pekka Ojala.


Image: TH Real Estate
Image: TH Real Estate

TH Real Estate

Olivier Pioch

TH Real Estate has appointed Olivier Pioch as a portfolio manager for its French office. Based in Paris and reporting to Julien Chaperon, Head of Retail Asset Management for France, Pioch will be responsible for acquisitions and asset management of retail properties across France and Belgium.

He has joined from AEW Europe, where he was an asset manager and built up experience working across a wide range of retail properties in France and Spain, including shopping centers, outlet centers, high-street assets, and retail parks.

Julien Chaperon, Head of Retail Asset Management, France, commented: “Olivier will be a valuable addition to our local team, bringing great retail asset management experience. The team now in place, which includes Portfolio Manager Nadia Baileche, boasts a wealth of experience across the retail sector including investment, development, asset management, and leasing. We are well equipped to apply these skills to our existing portfolio, adding value at all levels, from development to tenant engineering, for the benefit of our clients. Beyond that, we also scope the market for new investment opportunities.” 


Image: Unibail-Rodamco
Image: Unibail-Rodamco

Unibail-Rodamco Germany

Gernot Falk

As of January 1, 2017, Gernot Falk assumes the position of director of operations/chief operating officer at Unibail-Rodamco Germany. The 49-year-old is thus responsible for the areas of leasing, operating/asset management, marketing, shopping center management, and facility management at the board level. He takes over from Olivier Nougarou, who had led the divisions temporarily since his appointment as CEO.

The board of Unibail-Rodamco Germany is thus as follows: Olivier Nougarou, CEO; Ulrich Wölfer, Director of Development/CDO; Gernot Falk, Director of Operations/COO; and Christoph Berentzen, Director of Finance/CFO. Falk is thus heading to Germany from Switzerland, where he had been responsible in recent years for expansion and franchising for Valora AG.

“We are delighted to welcome Gernot Falk, a person with extensive retail experience, and wish him a successful start,” said Nougarou.


Image: Union Investment
Image: Union Investment

Union Investment

Jörn Stobbe

As of February 1, 2017, Jörn Stobbe will join the Management Board of Union Investment Real Estate GmbH and take on the role of Chief Operating Officer. A trained lawyer and qualified real estate professional, the 50-year-old has many years’ experience in the property industry, including as a partner at Clifford Chance.

Stobbe joins the company from RREEF Management GmbH, where he was most recently the member of the management team responsible for acquisitions and disposals, as well as asset management. In his role as COO, he will be in charge of developing the business processes of Union Investment’s fast-growing real estate division. His responsibilities will include, in particular, continuous improvement of the operational and organizational structure.

“We are delighted that Jörn Stobbe is joining us. As an experienced and respected expert, his extensive knowledge will greatly benefit our real estate strategies and processes,” said Jens Wilhelm, the management board member responsible for portfolio management and real estate at Union Investment. The appointment completes the overhaul of the senior management team at the Hamburg-based real estate manager, which is led by CEO Reinhard Kutscher.


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