CBRE Global Investors has promoted Bas Tiemstra to the newly created role of director of investment operations EMEA.
In his new role, Tiemstra will have overall responsibility for the EMEA investment operations, including asset management, with a focus on standardizing best practices and driving investment performance at the asset level.
Tiemstra joined the company at the beginning of 2015 as head of asset management retail EMEA, responsible for improving the consistency and quality of asset management across the company's retail portfolio in a bid to ensure retail property performance. Prior to that he worked for ASR Real Estate Investment Management where he was managing director commercial real estate and fund director for the ASR Dutch Prime Retail Fund.
Separately, Jirka Lhotak has been appointed CFO EMEA, with responsibility for financial operations for the region. Lohtak joined CBRE Global Investors (then ING Real Estate Investment Management) in 2006, taking responsibility for finance across the Central and Eastern European region.
He replaces Dennis Van Vugt who has decided to step down from his position as CFO/COO EMEA as of 1 August. Lhotak has been CFO of the CBRE European Shopping Centre Funds and the retail portfolio across EMEA since 2012.
These changes are subject to any regulatory approval.
CBRE Global Investors is a global real estate investment management firm with $89.7 bn (€91 bn) in assets under management as of March 31, 2016. The firm sponsors investment programs across the risk/return spectrum for investors worldwide.
