Italian asset manager Dea Capital Real Estate has announced the hire of Wolfgang Speckhahn as managing director for its German property subsidiary, Dea Capital Real Estate Germany.
The unit, which will focus on the DACH region (Germany, Austria and Switzerland), will have offices in Munich and Frankfurt, and will focus on fundraising and asset management for third parties with a core-plus, value-add and opportunistic risk profile.
The company will be 70% owned by Dea Capital Group and 30% by Speckhahn, who has several years of real estate experience including five years as head of strategy & business development at German property group Patrizia, which he left at the end of 2017. More recently, he was chief operating officer at Helvetica Property and managing partner at TME Associates.
In addition to the hire of Speckhahn, Dea Capital Real Estate Germany has recruited a team focused on REIT investments to be led by Savills Investment Management's former director Thorsten Schilling. The team includes colleague Martin Figge with the support of Thomas Körfgen as senior advisor. The exec trio has been working together since 2006, first at SEB Asset Management and more recently at Savills IM.
'The start-up of the activities of DeA Capital Real Estate Germany represents a further impetus to the internationalisation process of the Alternative Asset Management Platform of DeA Capital, already operational in France, Spain, Portugal and Poland,' the company said in a statement.
