PRP Real Assets, Rising Realty Partners, Dalmore Capital, USS Investment Management, Investec Bank, La Française Real Estate Managers, Lovell, CenterSquare Investment Management, Knight Frank, Slate Asset Management, CBRE IM, Garbe, QuadReal Property, AkademikerPension, Nordicals København

CBRE Investment Management – Rik Eertink has been appointed president and chief investment officer of EMEA direct real estate. Eertink previously served as president of EMEA direct real estate for the past five years. He will be supported by four senior leaders taking on broadened responsibilities: Hannah Marshall, Bas Tiemstra, Jan-Willem Bastijn and Niels Kokkeel. This change follows the departure of Paul Gibson, who previously served as CIO of EMEA direct real estate strategies. Gibson, who first joined CBRE IM in 2004 as a senior portfolio manager in the UK separate accounts division, is moving to Garbe. At Garbe, he will serve as head of international capital markets in London, operating as a managing director alongside Andreas Höfner, who leads the unit’s strategy.

QuadReal Property – R Scott Hutcheson has been appointed board chair, succeeding Thomas Garbutt. Hutcheson, who joined the board in September 2023, is the executive chair of Aspen Properties and the current chair of Invest Alberta Corporation. He brings over 30 years of executive experience across public, private and not-for-profit organisations, underscored by decades of board experience and an ICD designation. The appointment follows the retirement of former chair Thomas Garbutt, who joined the board in 2017 and served as chair since 2018. Additionally, Rita Achrekar and J Lorne Braithwaite are retiring from QuadReal’s board of directors after serving since 2022 and 2017, respectively.

AkademikerPension – Sebastian Bille-Brahe Raahauge has been hired by the Danish pension fund as the new investment manager in its real estate team. He started work in the role in November, and the pension fund said on LinkedIn his tasks would include investing in real estate with the aim of expanding the portfolio over the next few years. He comes to AkademikerPension from Danish commercial property brokerage Nordicals København, where he was director, capital markets from June 2024 - a role in which he primarily worked with real estate transactions, according to the pension fund.   

CenterSquare Investment Management – Dean Frankel, global head of real estate securities and Robert Holuba, managing director of private equity real estate, have been appointed co-chief investment officers. Frankel has spent his nearly three-decade career in real estate at CenterSquare, while Holuba has spent 12 of his 19 years in the industry with the firm. Previously, CEO E Todd Briddell served the dual role of CIO and CEO. Briddell will retain his role as CEO. In addition to their Co-CIO duties, Frankel will continue to lead the listed securities business and Holuba will assume oversight of the entirety of CenterSquare’s private real estate capabilities.  

Dalmore Capital – Stephen Deeley has been appointed managing director. Deeley will be based in Dalmore’s London office and will play a central role in expanding Dalmore’s diverse portfolio of essential UK infrastructure assets, with a strong focus on deal origination and execution. Deeley brings with him 20 years of infrastructure investment and asset management experience. He joins from USS Investment Management, where he was senior investment director for its private markets group. Prior to that, Deeley was a director at UBS where he managed core energy, water and waste management assets for UBS Infrastructure Asset Management.

PRP Real Assets – Scott Hahn has been appointed director of mission critical assets. In this role, Hahn will be based in Los Angeles, California. Prior to joining PRP, Hahn was VP, industrial acquisitions for Rising Realty Partners. Prior to Rising, he held positions with WeWork, Montana Avenue Capital Partners and CBRE Capital Markets.

Investec Bank — Joe Armstrong has been appointed head of capital raising for its real estate equity platform REALIS. Based in London and reporting into head of Investec REALIS, Yon Papageorgiou, Armstrong will be responsible for expanding Investec’s capital partner network, connecting both the direct wealth segment of the market and third-party distribution partners with REALIS. Armstrong brings more than 15 years of fundraising, business development and investor relations experience across the UK private equity and fund management sectors. He previously held senior positions at GC, Averroes Capital and JK Investment Management.

Knight Frank – Rory Penn will succeed William Beardmore-Gray as the firm’s senior partner and group chair in April 2027. To ensure a smooth transition, Penn, who is currently Knight Frank’s head of London residential sales, chair of its global private office and a member of the UK Board, will join the firm’s group executive board in April 2026, beginning a year-long transition period ahead of taking up the role. Penn joined Knight Frank in 2018, after Knight Frank acquired VanHan, the business he co-founded with Thomas van Straubenzee. He spent a decade client-side, starting his career at Grosvenor, with subsequent positions at private equity real estate firms Rowan and Palmer Capital. Beardmore-Gray will retire from the partnership in March 2027 after 36 years with the firm. Having joined Knight Frank in 1991, Beardmore-Gray has built a brilliant career advising clients in London and across the firm’s global network.

La Française Real Estate Managers – Philippe Depoux is to retire as CEO and will be replaced by Guillaume Allard in the new year. Allard, deputy managing director and head of funds and finance for the retail division of La Française REM, will take up the new position on 1 January 2026. Depoux joined La Française REM in 2020 after leadership positions at Compagnie Lebon, Gecina, Generali Real Estate and SFL. Allard joined La Française REM in 2011, first as a real estate portfolio manager and later as fund manager. In 2017, he was promoted to head of SCPI fund management, and in 2021 took on responsibility for retail fund finance. In 2023, he was appointed deputy managing director of La Française REM.

Slate Asset Management – Molly Mahoney has been promoted to partner, and John Murray and Sayed M Alaali have been promoted to managing directors. Mahoney joined Slate in 2020. In addition to her leadership on the investor solutions team, Mahoney serves as co-head of community at Slate. She also serves as co-chair of the New York City chapter of Women in Real Estate. Prior to joining Slate, Mahoney was a managing director on the funds advisory team at JLL and previously held various roles supporting investor coverage for alternative products and services at Bear Stearns, Houlihan Lokey, and Heller Advisory. Murray, joined Slate in 2020 and oversees all legal aspects of transaction execution and structuring for Slate’s global investments in addition to serving as a valued legal advisor to Slate’s management team on strategic business and operational matters. Prior to joining Slate, Murray was an associate within the corporate group at McCarthy Tétrault. Alaali is responsible for originating and executing Slate’s investments in Europe, along with Middle Eastern capital raising efforts. Since joining the firm in 2018, he has contributed significantly to the growth of Slate’s European platform. Prior to Slate, Alaali spent six years on the North American real estate investments team at the Canada Pension Plan Investment Board.

Lovell – Managing director south/divisional commercial manager David Gough has been promoted to a newly-created role of managing director of operations and commercial, continuing to sit on the Lovell board and now acting as deputy to managing director Steve Coleby as appropriate. He has more than 30 years of experience in the residential sector, having joined Lovell in August 1999 as a quantity surveyor.  Part of his former role as MD South will be taken up by James Duffett from the start of 2026. He joined Lovell in April 2019 as regional MD South Wales and West. Duffett will now oversee the South-Wales & West, South-West, Southern, and London regions. His role as regional MD South Wales and West will be taken up by Anthony Vagges, who has also worked for Lovell for 28 years, joining in July 1997 as an assistant estimator. Also starting a new expanded role in the new year is Stuart Penn, who began as a management trainee at Lovell in 1997, straight out of college and has worked his way up. Penn will be the new MD Central, responsible for the Midlands, East Midlands, East Anglia and standalone business Renew Central.  

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