Irish property investment fund Quanta Capital has appointed former AIB chief executive Michael Buckley as its chairman, to support plans to double assets under management to over €1 bn over the next 12 months.
Michael was CEO of AIB from 2001 to 2005 and is currently Chairman of KKR Alternative Investment Managers and of KKR Credit Advisers (Ireland).
Quanta's portfolio includes 3 million sq ft (278,709 m2) of logistics assets and 500,000 sq ft (46,451 m2) of offices, including Shelbourne House in Dublin 4 and office blocks in Dublin City, ParkWest, Cork and Galway.
As well as its Irish assets, Quanta is exploring opportunities in both the Spanish and UK markets where it has offices in London and Madrid. It anticipates deploying capital in both countries over the next 24 months. Quanta is backed by Fairfield Real Estate Finance and its US-headquartered backers, Oaktree Capital Management.
Meanwhile, Linda Hickey, former director of corporate broking at Goodbody Stockbrokers, has also joined the company's advisory board as a non-executive director.
Commenting on the appointments, Quanta's CEO Mel Sutcliffe, said: 'Their track record with both private and publicly-quoted companies will support the future growth of Quanta’s acquisitions, and will be complementary to the exceptionally-experienced team that already exists within our company.'
