GLOBAL - Europa Capital, Hearthstone Investments, CB Richard Ellis Investors, Savills, Residential Land

Europa Capital - James Farmer joins the European fund manager from Royal Bank of Scotland (RBS) as an associate, supporting the acquisitions team active in France, Germany, Austria and Switzerland. Farmer was most recently an associate director in the real estate finance group at RBS, and before that worked at CB Richard Ellis and Jones Lang LaSalle. Julie Spencer has also joined from private equity real estate manager MGPA as an associate in the corporate finance team and will be responsible for the structuring of all corporate investments from acquisition to exit.

Hearthstone Investments - Mark Forman has joined the company as sales and distribution director to support the upcoming launch of the Hearthstone UK Residential Property fund. Forman was most recently sales and development director at Legal & General Investments, and before then he held several senior posts with the insurer in various areas of the business. The UK Residential Property fund will be launched in 2011.

CB Richard Ellis Investors - Tim Munn has been promoted to senior director of investors in CBRE Investors' managed accounts group. John Clark and Alex Luker have joined the firm as senior analysts, while Ed Dale-Jones and Jamie Philips have joined as analysts. Giles Watson joins as European head of investment reporting. Elaine Hughes also joins as director in the Edinburgh valuation team from DTZ, where she was an associate director.

Savills - The real estate agency has expanded its valuation department in London. Adam Whereat, Oliver King and David Speers join from BNP Paribas Real Estate as director, associate director and data analyst, respectively.

Residential Land - Richard Cotton, former senior partner at Cluttons, has been appointed as property director of Residential Land, the largest private landlord in central London. Cotton held various senior positions at Cluttons, including an 11-year spell in the Middle East and eight years in London Docklands.