Palmira Capital Partners has recruited an ex-Prologis executive to advise the Frankfurt-based industrial property asset manager on expansion into the Netherlands and Belgium.

Palmira Capital Partners has recruited an ex-Prologis executive to advise the Frankfurt-based industrial property asset manager on expansion into the Netherlands and Belgium.

Bert Angel joins Palmira's European advisory board (EAB) on 1 April. The EAB serves as an independent non-executive council that advises on the company's European expansion.

In his new role, Angel will help the company boost its investment and asset management activities in the Benelux and develop Palmira's relationship management initiative for strategic customers across Europe.

Angel worked for 13 years as a senior vice-president at US industrial REIT Prologis. As its European account management executive, he was instrumental in building a broad international logistics customer network for which he maintained contacts at top level.

He set up his own advisory business in 2012 and has since advised various logistics property players, including Gazeley, Schiphol Area Development Company and MG Real Estate.

Angel joins Ranald Hahn, who has recently been appointed member of the EAB. Hahn, a former senior executive at Prologis, serves as an independent, non-executive adviser to Palmira Capital Partners on the further growth of its investment and asset management activities in France, Italy and Spain.

Palmira and its partners have invested €400 mln in over 600,000 m2 of commercial and industrial real estate.