Cornerstone Real Estate Advisers has announced the appointment of Charles Weeks as its new European Chief Executive Officer (CEO). Following an orderly transition, Weeks will replace Iain Reid in the middle of March, when Reid will retire from Cornerstone Europe.
Cornerstone Real Estate Advisers has announced the appointment of Charles Weeks as its new European Chief Executive Officer (CEO). Following an orderly transition, Weeks will replace Iain Reid in the middle of March, when Reid will retire from Cornerstone Europe.
Weeks and Reid have worked together since 1995 when Reid was the CEO of BZW Property Investment Management. They then worked together in a series of different companies, including Barclays Property Investors, Aberdeen Property Investors, and more latterly, Protego Real Estate Investors. Weeks and Reid were among the founders of Protego Real Estate Investors in April 2004. They then sold Protego Real Estate Investors to Cornerstone Real Estate Advisers, in January 2010.
The senior team at Cornerstone Europe will otherwise remain largely unchanged. Nick Pink will assume the role of chief investment officer, James Salmon will remain as chief operating officer, Alex Sutherland will become chief financial officer and Peter de Haas will become head of business development, Continental Europe.
Cornerstone describes itself as one of the world's largest investment managers dedicated to real estate debt and equity in public and private markets. The company managed or serviced $32 bn (EUR 24 bn) of assets at end-September 2011.
