Lincoln re-launches European platform with new MD

Lincoln Property Company has appointed Troy Javaher as managing director to lead its European operations.

US-based Lincoln originally entered Europe in 1989 and subsequently partnered with AIG as AIG/Lincoln in 1997. The joint venture provided development and entrepreneurial expertise and was responsible for building a dominant platform resulting in over 50 investments and more than 2.5 million m2 of space.

AIG bought out Lincoln’s share in the entity in 2014, and a in August 2015 AIG sold 100% in Prague-headquartered AIG/Lincoln to White Star Group, a new company led by Brian Patterson, who was previously the operations manager of AIG/Lincoln in Poland and Russia.

Lincoln will now leverage its extensive array of institutional partners to re-invest throughout Europe, the company said in a press release. The new entity will focus primarily on investment and selected development opportunities across all sectors where growth prospects and yield spreads offer attractive relative value.

Troy Javaher
Commenting on the plans, the company's newly appointed MD Jahaver said:Lincoln’s track record in Europe was 'unparalleled'. 'We are very pleased to continue the next chapter for a company which is renowned for its diverse institutional investors’ base and highly entrepreneurial culture. This unique mix is essential for unlocking the region’s best opportunities.'

An American national, Javaher was previously head of capital markets for Central and Eastern Europe at JLL. He has a masters degree in real estate from Columbia University in New York and has professional work experience in the region since 1998.

Lincoln Property Company (LPC) was founded in 1965 and currently has over 6,800 employees. It operates in more than 200 cities in 32 states in the US and has previously managed operations in 12 countries throughout Europe. Historically, LPC has developed more than 12.1 million m2 of commercial projects and 209,000 multi-family units at a total cost of over $30 bn (€27.5 bn), acquired more than $15 bn of assets since 1988, and currently manages commercial assets valued at more than $60 bn.