European real estate asset and investment management advisory firm CR has hired Stuart Hoare from Citi to lead its newly-established business activity covering debt and equity placement and related advisory services.
Hoare's long career in the real estate industry included 17 years as a director within Citi’s European Real Estate Finance team where he was involved in the financing of many of Europe’s largest investors and transactions.
Stuart’s role will facilitate sponsors in refinancing and recapitalising existing transactions as well as in sourcing debt and equity capital for new transactions. It will cover the entire spectrum of sponsors, from private investors to large institutions. In addition it will assist lenders in their syndication activities.
Transactions will start from €5 mln in size and will range from mortgage financing to multi-tranche offerings, and equity participation.
'This activity makes our offering to clients even more compelling by providing a broader spectrum of services and we look forward to benefitting from Stuart’s experience and leadership,' commented Jacob Lyons, managing director of CR.
Since its inception in 2004, CR has advised on the workout and acquisition of more than €30 bn of asset and credit positions. CR is a privately held and independent company with 11 offices across eight countries in Europe.
