Abu Dhabi Investment Authority has appointed Pascal Duhamel as head of European real estate investments. Duhamel stepped down as head of the property arm of Carrefour in November last year after the French retail giant suspended plans to spin off the division due to worsening market conditions.
Abu Dhabi Investment Authority has appointed Pascal Duhamel as head of European real estate investments. Duhamel stepped down as head of the property arm of Carrefour in November last year after the French retail giant suspended plans to spin off the division due to worsening market conditions.
In his new role, Duhamel will lead a team of senior portfolio managers and be responsible for developing strategy and overseeing management of ADIA's real estate portfolios in Europe. Based in Abu Dhabi, Duhamel will report to Bill Schwab, global head of real estate at ADIA. ADIA was established by the government of Abu Dhabi in 1976 as a globally diversified investment institution.
With over 22 years of experience in real estate, Duhamel served as CEO of Carrefour Property from 2008 to late 2011. Carrefour Property manages over 1,000 assets with a value of EUR 12 bn. From 1998 to 2008 he worked at Morgan Stanley, initially as executive director, real estate asset management. He was later promoted to managing director in charge of Morgan Stanley's real estate funds in France, Spain and Benelux, as well as overseeing the firm's core funds for Europe.
