AXA Investment Managers - Real Assets (AXA IMRA) has appointed Sascha Petersmann as head of Germany for its Baytree European logistics development platform.
Based in Cologne, he will report directly to Rabih Modad, managing director of Baytree. Petersmann will be responsible for developing Baytree’s German organisation and leading its project development activities throughout Germany.
The appointment follows Baytree’s recently announced first development site acquisition in Hannover, purchased by the Logistics Development Club1, a fund managed by AXA IM - Real Assets.
Petersmann joins from Prologis Germany Management, where he was vice president and market officer for Rhine-Main, South-Germany, Austria and Switzerland. Petersmann was responsible for developing projects, acquiring assets and land, securing building permits, and letting existing assets and new projects.
Launched in 2015, Baytree intends to grow its presence in Germany by developing logistics and industrial assets in locations underpinned by a demand/supply imbalance. The recently acquired Hannover development site is zoned for industrial use (up to 30,000 m2) and Baytree is proceeding with the demolition of the existing structures on site.
