Coima Res, the Milan-listed real estate investment trust or SIIQ, has appointed Olivier Elamine and Luciano Gabriel as independent directors to its management board.
The appointment are aimed at further strengthening Coima Res' management board and corporate governance, Manfredi Catella, CEO of Coima Res, said. 'Since its creation, Coima Res has chosen to present itself to the market with a strongly independent governance framework. With the appointment of two new independent directors, we further confirm our strong will to combine a strong management team with a proven track record with a competent and independent board of directors in order to qualify Coima Res as the natural gate to entry the Italian real estate market for international and domestic investors.'
Coima Res is specialised in the investment and management of commercial property in Italy.
French-born Elamine is founder and CEO of Alstria Office REIT, an office real estate company operating in Germany and listed on the Frankfurt stock exchange with over €3 bn in assets under management and 108 buildings totalling 1.6 million m2. Previously, Elamine was one of the founders of Natixis Capital Partners, Director of CDC IXIS's Investment Banking team (focusing on real estate), and consultant at Ernst & Young (also focusing on real estate).
Gabriel was previously CEO of PSP Swiss Property, a commercial real estate company operating in Switzerland and listed on the SIX Swiss Exchange, and now serves as its board chairman. The company has more than SwFr 6.8 bn (€6.2 bn) in assets under management. Gabriel was CEO of the company from 2007 until March this year. Prior to that, he headed treasury and corporate finance at Zurich Financial Services. He has also held several positions in corporate finance, risk management, international corporate banking, and business development at Union Bank of Switzerland.
Gabriel is currently chairman of the European Public Real Estate Association (EPRA), the European association of the largest listed real estate companies for 2016/2017.
