Savills Investment Management has launched a European urban logistics and industrial strategy and appointed Evert Castelein to lead the new platform
The international real estate investment manager has appointed Castelein as senior fund manager to help grow the strategy, “which will exploit the continuing rental growth pressure in undersupplied urban markets, but at repriced levels”.
The plan for the new platform involves acquiring and improving both existing as well as developing new assets, Savills IM said.
Castelein joins Savills IM from abrdn, where he was most recently the fund manager on one of the firm’s listed European logistics products. He has also held roles in other funds and real estate research at abdrn and FGH Bank.
Castelein will continue to be based in Amsterdam, and report to Jon Crossfield, Savills IM’s head of strategic partnerships and living.
Crossfield said: “We remain totally committed to the logistics and industrial sector and we firmly believe in its long-term fundamentals. We are excited about launching a logistics strategy at this time and believe we offer a compelling proposition to investors, implemented by an experienced platform that can source and exploit opportunities across all of Europe’s key urban areas.
“Castelein’s experience and knowledge of the sector will be key as we take the next steps and complement an already established and successful team.”
Castelein said: “Savills IM has an established an enviable presence and track record in the European industrial and logistics space, and I am delighted to be joining a firm with such conviction and determination to move their business forward.
“It is an exciting time to be looking at the sector and I look forward to leading the new strategy and working with colleagues across the whole platform to source and manage the most interesting opportunities.”
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