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David Rendall named CEO of Cushman & Wakefield Investors' European operations
11 Feb, 2008, Paris
Christopher Lowery, chief executive officer of Global Capital Markets & Principal Activities at Cushman & Wakefield, is pleased to announce that David Rendall has been appointed as the new chief executive officer of the European operations of Cushman & Wakefield Investors, the rapidly expanding investment management arm of global property adviser Cushman & Wakefield.
David Rendall joined the firm in 2004 when an exclusive partnership was formed between Cushman & Wakefield and Fountain Capital Partners. This partnership was formalised in 2006, creating Cushman & Wakefield Investors in Europe, which is part of Cushman & Wakefield’s independent global investment management business led by Chris Lowery based in New York.
Since joining the firm, David Rendall has built up a significant investment management business in Continental Europe to complement the firm’s long established and successful UK investment management business headed by Bill MacLeod in London.
Cushman & Wakefield Investors’ European operations now total over 35 professionals working across its three offices in London, Paris and Frankfurt and has around €6.1 billion of assets under management.
Jens Göttler, who was hired from Deka in 2006 to run Cushman & Wakefield Investors’ German operations from Frankfurt, will together with Bill MacLeod in London, have responsibility for managing and overseeing the growth of the European business under the leadership of David Rendall.
In making this announcement, Chris Lowery said, "Cushman & Wakefield Investors has achieved an already enviable record of success in managing its clients' real estate investments in the UK and Europe, and I am confident that the management team now led by David Rendall will build on this record as we grow Cushman & Wakefield Investors into one of the leading real estate investment management firms in the world."
In 2006, Cushman & Wakefield Investors won a major mandate from PRUPIM to undertake acquisition and asset management assignments on its behalf in Continental Europe. This co-operation has resulted in seven acquisitions and over €300m of investments in 18 months.
In 2007, Cushman & Wakefield Investors in partnership with financial services group KGAL, announced its first European property fund - The Paris Office Growth Fund. The Paris Office Growth Fund will target core plus/value add opportunities and will be a Luxembourg-domiciled vehicle designed for institutional investors.
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For further information, please contact:
Helen Basil, UK Communications Director
Cushman & Wakefield
Tel: + 44 20 7152 5110 / 07793 808 110
Note to Editors:Cushman & Wakefield Investors is part of the Cushman & Wakefield worldwide group. It provides a complete property investment management service, in both a discretionary and an advisory capacity, and manage both direct and indirect property investments across the UK and Continental Europe, Asia and US. As part of Cushman & Wakefield, we are able to draw upon the real estate expertise and experience of more than 12,000 employees in over 55 countries. It is this knowledge base that enables us to provide a successful investment management service to our clients.
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