Europe’s third largest residential real estate company, Heimstaden,has recruited London based Tami Chuang to its newly formed equity capital markets team.
The recruitment marks the company’s ambitions to develop relationships with global investors that share Heimstaden’s long-term perspective. Heimstaden recently entered the UK market with a €185 mln forward funding commitment and is invested across eight European countries representing €18 bn in assets under management and a portfolio of over 114,000 units.
In her new role, Chuang will expand the firm’s investor coverage, with a focus on North America. Chuang joins from JLL, where she was the co-head of EMEA for JLL’s global funds advisory team.
Previously Chuang was head of investor relations and business development at Meyer Bergman for seven years, leading the firm’s capital raising efforts and helped secure some €3 bn of equity during her tenure. She began her private equity real estate career as an indirect investor with DTZ Investors.
Earlier this year, Heimstaden established the equity capital markets team with the recruitment of André Bresser, Fredrik Bock-Hagen, Nikolaj Degn Brammer, and Harald Schjoldager.
'We have carefully assembled a team that brings us the best of capital raising know-how, the discerning perspective of an investor, and the analytical rigour from banking and consulting disciplines. We believe the team is uniquely positioned for Heimstaden’s access to the institutional capital base that will enable us to grow the platform further,' said Magnus Nordholm, deputy CEO and head of ECM & Partners.
Heimstaden’s portfolio has undergone significant expansion into continental Europe in the last three years, largely enabled by a successful partnership between Heimstaden and its institutional partners - Alecta, Folksam Group, Ericsson Pension, Swedish Pensions Agency, and Sandvik Pension.
The company has been expanding its geographical footprint on a continuous basis and has in the past eight years raised more than €4.5 bn of equity from institutional investors. Key drivers of success have been Heimstaden’s unwavering focus on best-in-class and efficient operations, and the full alignment of the manager, which has invested roughly €3 bn of its own equity in the platform.
Christian Fladeland, co-CIO of Heimstaden said: 'We use the term “twice as big – twice as good” to describe our strong belief that growth should be handled through an even stronger growth of quality.
'We welcome like-minded investors to join us as we continue to see favourable fundamentals in European residential, which together with our wide coverage allows us to deploy capital efficiently and at attractive risk-adjusted returns.'
