Global property manager PGIM Real Estate has hired Musie Bocrezian as executive director and head of transactions for Italy, based at its newly-opened office in Milan.
Bocrezian will lead the firm’s efforts to source and execute investment opportunities in Italy in a newly created role, effective immediately.
According to PGIM Real Estate, Milan’s real estate market presents attractive opportunities in the office space, logistics and developing residential sectors.
Bocrezian joins from Fortress Investment Group where he was an investment director responsible for the sourcing and execution of value-add and opportunistic deals for the real estate business.
Previously he was a director at Kryalos Group (Blackstone’s Italian operating partner) for four years, based in Milan, where he was in charge of acquisition and asset management duties.
Bocrezian reports to Sebastiano Ferrante, head of Germany and Italy, and will work closely with the transactions team based in Frankfurt, Germany.
Said Ferrante: 'We are delighted to welcome Musie to the team to strengthen our local expertise in Europe.
'Musie’s deep understanding of the market better positions us to not only manage existing assets but to identify attractive investment opportunities in the region, which play into our long-term strategy for European mandates.'
Bocrezian commented: 'This is an exciting time to join PGIM Real Estate and build the firm’s presence in Italy. I look forward to working with the team to pursue compelling investment opportunities in the region.'
