Sandeep Mathrani, the former CEO of Brookfield Properties’ retail group has joined WeWork.
The flexible office provider said Mathrani will join the company as CEO and a member of the board of directors, effective 18 February.
Mathrani succeeds co-CEOs Artie Minson and Sebastian Gunningham, both of whom took over in September last year after co-founder Adam Neumann stepped back from his role as CEO.
WeWork said Minson and Gunningham will remain with the company through a transition period to ensure a smooth onboarding process.
Mathrani most recently served as CEO of Brookfield Properties’ retail group. Prior to that, he served as CEO of GGP for eight years, during which the company was sold to Brookfield Property Partners.
Prior to joining GGP in 2010, Mathrani was president of retail for Vornado Realty Trust. Before that, he spent nearly a decade as executive vice president at Forest City Ratner.
Marcelo Claure, WeWork executive chairman, said Mathrani is a “proven leader with turnaround expertise in the real estate industry, and we are thrilled to welcome him to WeWork”.
“On behalf of the entire board, I’d like to thank Artie and Sebastian for their leadership and dedication as co-CEOs during a challenging few months, Claure said.
“Artie and Sebastian have helped provide stability and valuable insights as we repositioned the company for its next phase of growth.”
Charter Hall appoints fund manager for its direct business
Charter Hall has appointed Miriam Patterson as fund manager for its A$5.3bn (€3.2bn) direct business.
The property investment manager said the creation of the fund manager role reflects the growth of the direct business from $3bn to $5.3bn in the past 18 months.
Patterson was appointed Telstra Super’s head of real assets in May 2016, after almost 5 years as an investment manager, in the property and infrastructure investment team.
Before joining Telstra Super, Patterson worked at Hastings Funds Management and Ernst & Young in corporate finance.
Lass joins Mayfair Capital as head of special transactions and fund manager
Mayfair Capital, the specialist UK real estate investment manager owned by Swiss Life Asset Managers, has appointed James Lass as head of special transactions, with a focus on central London, and fund manager for its UK Thematic Growth Fund.
He also has experience managing assets on a property company/operating company model.
James Thornton, chief executive of Mayfair Capital, said: ”In addition, to fund specific roles, we are confident Lass will deliver on joint ventures and other special opportunity transactions utilising Swiss Life capital in conjunction with third-party investors.”