Nordic real estate investor NREP has appointed Heather Mulahasani as a partner to explore adjacent infrastructure opportunities.
Mulahasani was most recently one of two partners leading the European infrastructure team at Goldman Sachs where she previously held other senior roles over a twenty-year period.
Prior to leading the European infrastructure team, Mulahasani acted as managing director and then partner within Goldman Sachs’ real estate team.
According to an NREP spokesperson, the adjacent infrastructure investment opportunities reflects the firm’s curiosity to explore ”urban systems”, where real estate and infrastructure are critical for a city’s livability and sustainability.
”Urban infrastructure is often closely connected to real estate, and vice versa – especially as cities are seeking to cut their CO2 emissions.
”We’re exploring and qualifying how urban systems and infrastructures could be an investable area for us, which is why Mulahasani’s experience from Goldman Sachs in both real estate and infrastructure will be very helpful,” the spokesperson said.
Claus Mathisen, the CEO of NREP, said there is a growing awareness amongst urban decision-makers that a green transition at the speed and scale needed, requires a total system change within a decade.
“To do this, it will be essential to combine capabilities across the worlds of real estate and infrastructure, and to approach value creation from a systemic, long-term perspective.”
Mathisen said NREP is regularly exposed to investable infrastructure challenges through its projects in cities across Northern Europe.
“These challenges are often caused by the same macro drivers that we look to address in real estate, for example urbanisation and climate change. With Heather’s cross-sector expertise, she is ideally placed to help us explore this further,” Mathisen said.
Mulahasani said: “NREP’s curiosity on infrastructure aligns well with my own path, having a strong foundation in real estate and broadening out towards other components of the urban landscape.
“Cities are responsible for over 70% of global greenhouse gases; to make significant reductions, there needs to be a holistic approach to transforming the planning, delivery and operation of buildings, alongside the infrastructure and systems that support them.”
Mulahasani will be based in NREP’s London office.
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