Andrew Macland has been promoted to the newly created position of head of UK at Pramerica Real Estate Investors.
Andrew Macland has been promoted to the newly created position of head of UK at Pramerica Real Estate Investors.
The move is part of a broader restructuring at the firm’s European investment platform. Prior to this, Macland was a managing director and co-head of the European Real Estate Finance Group.
Pramerica Real Estate Investors is the European arm of the real estate investment and advisory business of US-based Prudential Financial.
Macland will continue in his role as portfolio manager for the PRECap series of funds, responsible for investments and capital-raising. Established in January 2009, the platform has raised more than €2.7 bn and has originated, structured and executed 27 transactions in Europe totalling more than €1.1 bn secured on more than €4.3 bn of real estate.
Macland has 17 years of European real estate industry experience focused on equity and subordinated debt structures, asset management, property recoveries and restructuring. Before joining Pramerica, he held senior positions at Rothschilds, AIBC and CCF Charterhouse/HSBC Specialist Investments.