Pan-European logistics specialist Montea has appointed Patrick Abel as country director for Germany.
The move comes as Montea seeks to consolidate its position in the country.
Montea entered the German market in 2020 via a partnership with Germany's Impec Group, a collaboration which led to the purchase of two development sites at strategic locations in Mannheim and Leverkusen.
Expansion into Germany followed the company's growth in Belgium, France and the Netherlands.
In line with Montea’s growth strategy in the other countries where it is active, Abel will develop his own logistics real estate management team with the aim to further grow the portfolio through in-house developments, acquisitions and strategic partnerships.
Abel has 20 years of experience in the German real estate sector. For the past five years, he has been a member of the board of Palmira Capital Partners having a clear focus on the Pan-European logistics sector.
He will take up his role, based in Frankfurt, from January.
Said Abel: 'I am convinced that the current challenges in the logistics real estate sector can generate exciting opportunities. The underlying demand in Germany for innovative logistics real estate solutions remains very high and an international player like Montea can certainly provide an answer to this.
'I look forward to making my experience available and building a dynamic team to support this growth story.'
Jo De Wolf, chief executive of Montea, added: 'We are continuing our growth story with a focus on redeveloping strategic land near key consumption poles. Under Patrick's leadership, we intend to further grow our German portfolio based on the formula that has also made Montea successful in Belgium, the Netherlands and France.'