French property group Primonial has appointed Juergen Fenk to a senior role in its European real estate team.
Fenk will report directly to Laurent Fléchet, deputy managing director in charge of the Primonial group’s real estate activities.
Fléchet said: 'We’re delighted to welcome a leading European property professional to the Primonial group. Juergen has all the necessary qualities and the experience to accelerate the international development of the group’s property activities and take them to a new level.'
Fenk added: 'I’m very pleased to join a group that is one of the biggest property success stories in Europe. In the space of 10 years, the Primonial group has developed a first-rate property business, with nearly €28 bn in assets under management and a high-quality, balanced and diversified portfolio.
'I’m eager to use my experience alongside Laurent Fléchet and the teams to achieve our ambition: to become an international leader in property asset management.'
Fenk will take up his post on 1 March. To date, he has held international management positions in property, capital markets and banking for more than 28 years, spanning the creation, merger, management and growth of private and public companies in Europe and the United States.
Fenk joins the Primonial group from Signa, where he was a member of the executive board, overseeing the group’s banking, capital markets and fundraising activities. In addition, he founded the group’s venture capital unit, focusing on proptech & cleantech, and successfully implemented the ESG strategy.
Previously, he held management positions in banks and investment companies in Germany, France, Poland, Ireland, Austria and the United States. Fenk is global governing trustee of the Urban Land Institute and was its European chairman until June 2020.
With nearly €28 bn in assets under management, Primonial has more than 400 employees across teams based in France, Germany, Italy, Belgium and Luxembourg.
