France’s Eurazeo has announced the hire of Riccardo Abello as managing director based in the group’s London office as part of plans to enhance coverage of the UK and European real estate markets.
The appointment follows two recent acquisitions by Eurazeo in the UK. At the end of last year the group bought the Johnson Estate office complex in the UK capital, consisting of four adjacent buildings for a headline price of £170 mln (€190 mln). Also in London, Eurazeo owns Euston House, a multi-let office building totaling 11,000 m2.
Abello has 18 years of experience as a real estate investor and is a former director and head of European real estate acquisitions at Franklin Templeton and member of the Global Investment Committee.
Before Franklin Templeton, he worked for LaSalle Investment Management responsible for value-add investments across Europe and in the UK, and for WSP Group and Arup as a structural engineer and project manager responsible for the delivery of large real estate projects.
Renaud Haberkorn, managing partner at Eurazeo and head of Eurazeo Patrimoine, said: ‘Eurazeo Patrimoine will carry on focusing on high-potential segments driven by macro trends or cycles, expecting to repeat the success enjoyed over previous years, in the UK and the European markets. Riccardo is going to strongly strengthen our team’s capabilities as we continue to invest in companies that hold or manage real assets, adopting an opportunity-centered strategy in the main European markets and in the UK.’
