Helical, AFRY, Legal & General, Accumulata Real Estate Management, Hines, JLL, Nordstern, PensionDanmark Real Estate, Clifford Capital, Ninety One, Catella, Northern Horizon, Boreal IM, AscentDS, Prologis, Montano Real Estate, Branicks Group, KKR, Acadia Infrastructure Capital, PGIM Real Estate, Antin Infrastructure Partners
Prologis – Co-founder Hamid R Moghadam is retiring from his CEO role, effective 1 January 2026. After more than four decades, Moghadam will continue as executive chairman, providing strategic guidance. President Dan Letter will become CEO in January 2026 and joins the board of directors, effective immediately. Dan Letter, currently president, will succeed Moghadam as CEO. Letter has been with Prologis since 2004. He also joins the company’s board of directors, effective immediately. Prior to becoming president, Letter was global head of capital deployment, where was responsible for the company’s investment committee, deployment pipeline management and multi-market portfolio acquisitions and dispositions. He joined AMB Property Corporation in 2004 as a development manager in Chicago.
PensionDanmark – Torben Modvig has been appointed as the new chief executive officer of PensionDanmark Real Estate, the property subsidiary of the DKK330bn (€44.2bn) Danish pension fund. Modvig will take over by 1 September from Marius Møller, who announced late last summer that he wanted to step down within the next 12 months. Modvig has been CEO of property development and construction company Nordstern since 2019. PensionDanmark said Nordstern and the companies behind it have worked on several of the pension fund’s property projects in Denmark.
Legal & General – The insurer’s affordable homes business has hired Peter Cross as COO. Cross will help lead the growth of Legal & General Affordable Homes as it expands its delivery of homes. Cross joins with over 20 years of operational experience in the real estate sector. Since 2021 he has worked in three businesses owned by investment firm Blackstone – Indurent REIT, St Modwen and IQ Student Accommodation – in the industrial, housebuilding and student accommodation sectors. Before this, he worked at GSA, where he was responsible for global portfolio management, and at Liberty Living, where he was investment director.
Acadia Infrastructure Capital – Oleg Shamovsky is to join the firm as partner. Shamovsky brings over 18 years of experience to the team, including 10 years helping build KKR’s infrastructure investment business in Europe and the Middle East. In addition to his tenure at KKR, Shamovsky also held various senior leadership positions at Arjun Infrastructure Partners, Partners Group and Global Infrastructure Partners. His earlier career was spent at Goldman Sachs, Morgan Stanley and Terra Firma Capital Partners.
Antin Infrastructure Partners – Guillaume Friedel and Ashkan Karimi have been promoted to senior partners.Friedel joined Antin in 2008 in Paris and became an investment partner in 2018. He relocated to New York in 2019 and has played a key role in the launch and development of Antin’s franchise in the US. Prior to joining Antin, he began his career in 2006 as an analyst at Credit Suisse. Karimi joined Antin in 2011 and became a partner in 2019. He heads Antin’s legal team, in charge of all legal matters. Prior to joining Antin, he was an associate in the Paris offices of Weil, Gotshal and Manges and Sullivan & Cromwell.
PGIM Real Estate – Shaun Hose has been appointed head of UK equity to lead its transaction and asset management teams. Based in London, Hose will continue to lead the management of UK portfolios and operations as well as the UK equity transaction team. Hose has worked as head of UK asset management equity at PGIM Real Estate since March 2024 and was responsible for managing UK portfolios and operating platforms. Hose was most recently managing director at Patrizia, where he led value-add platforms and special situations in the retail sector on a pan-European basis.
Helical – Eleanor Gavin has been promoted to group company secretary with effect from 1 April 2025, succeeding James Moss who is assuming the role of CFO designate. Gavin will also join the company’s executive committee. Gavin joined Helical in 2019 and has held the position of deputy company secretary since May 2022. She has over 11 years of corporate governance and legal experience in both the listed and private sectors.
Accumulata Real Estate Management – Daniel Reichwein has been appointed managing director effective 1 March 2025. Together with the existing management team, he will be responsible for the company’s development, asset and investment management activities. In his new position, Reichwein will be particularly responsible for the commercial development of Accumulata projects outside Bavaria, with a focus on Berlin. He will thus support the expansion of the company’s nationwide activities. Reichwein brings 20 years of experience as a developer, asset and investment manager at Hines, where he has served as managing director since 2014. His expertise spans the entire spectrum of asset classes – from office and retail to hotel and residential – with a particular focus on complex mixed-use developments, both new construction and refurbishment. His portfolio includes landmark projects in Germany’s key real estate markets in Frankfurt, Munich, Berlin, and Düsseldorf.
AFRY – Elon Hägg has been appointed EVP and head of the firm’s energy division. He succeeds Linda Pålsson, who was appointed president and CEO of AFRY earlier this year. Hägg is currently VP and global head of the firm’s hydropower business and strategy. Previously, he served as head of hydropower business in Sweden. Prior to joining AFRY, Hägg worked at Fortum, managing the dam safety management unit.
JLL – Derrick Tate has been appointed EMEA consulting lead, with the responsibility for driving global consulting strategy and operational performance across the region. Joining from PwC, where he spent 14 years, Tate most recently served as MD for Real Estate Advisory in the professional services network’s UK team, including the UK firm’s consulting activities with Middle East giga projects. Paola Erhardt has been appointed head of living for Spain. In her new role, Erhardt will head the company’s operational living, healthcare and multifamily teams. With two decades’ experience in the real estate sector, Erhardt joined JLL in April 2012 and has been head of office capital markets for the past nine years.
Ninety One – Leong Kae Xiang has been appointed director. In this new role, Kae Xiang will be responsible for originating, structuring and executing infrastructure debt transactions in South and South East Asia, as well as managing relationships with key stakeholders. Kae Xiang is based in Singapore. Prior to joining Ninety One, Kae Xiang was director, client coverage group at Clifford Capital. Kae Xiang joined Clifford Capital from Sumitomo Mitsui Banking Corporation where he was VP, structured finance department. Kae Xiang began his career at CTBC Bank where he was an assistant relationship manager in the corporate and institutional banking team.
Northern Horizon – Milda Darguzaite will step aside from her CEO position to assume the role as member of the board of Northern Horizon. Northern Horizon has appointed Christoffer Abramson as new group CEO effective 4 March 2025. Abramson has 30 years of experience in leading and transforming businesses around the world, and 15 years of successful track record in the real estate industry. Most recently, he has successfully led the transformation of Catella AB. Abramson also has extensive leadership experience building the real estate group within EF Education First and driving company transformations for private equity funds and at General Electric.
Boreal IM – Etienne de David Beauregard has been appointed VP to strengthen the firm’s asset management team in France. De David Beauregard has joined from the French private equity firm Andera Partners after two years in its energy transition team. He brings over a decade of real estate investment and asset management experience, which has included roles at Hammerson, Tikehau Capital and Hines. Will Hughes, Boreal’s first hire upon the founding of the business in 2022, has been promoted from principal to MD. Previously a director at Europa Capital, Hughes will continue to report to Boreal’s four partners Louis-Simon Ferland, Peter Bingel, Nikos Koulouras and James Farmer. Humphrey Harding has been promoted from associate to VP in the investment team; Emma Waterhouse has been promoted from associate to VP in the asset management team; Leo Garbetta Celletti has been promoted from analyst to associate to work in the investment and asset management teams; and Rebecca Blaxland Ferre has been promoted from analyst to associate, also working in both investment and asset management teams.
Ascent Developer Solutions – Jason Savage has joined the firm as treasury and capital markets SVP. Savage joins AscentDS with more than two decades of experience including acquisitions, sales, financings and more, while managing key strategic relationships as an executive with firms such as Credit Suisse, Hudson Americas, and most recently, Change Lending.
Montano Real Estate – Jan Abel has joined the team as the new co-head of asset management. Abel has been branch manager/head of branch office in Munich at Branicks Group since October 2021. Prior to that, Abel had been head of asset/property management at R&S Immobilien Management for two years. Other positions include the Bayerische Hausbau Group and CT Real Estate Partners.
