German fund manager Real IS has set up a new business line for the development of institutional products and for accessing new markets including Eastern Europe, the Nordics, and North America.
German fund manager Real IS has set up a new business line for the development of institutional products and for accessing new markets including Eastern Europe, the Nordics, and North America.
The company said the Global Investment Solutions business will aim to acquire large-scale assets to make these available to German institutional investors within the framework of bespoke single investments and club deals.
To lead the new division, Real IS has expanded the team with the addition of Gregor John von Freyend, Jörn Tepel and Christoph Wendl.
Wendl has been active in the real estate industry since 1998 and in the German Sparkassen-Finanzgruppe since 2004. He maintains relations with a large network of project developers and real estate asset holders in Germany and internationally. During his time with the real estate division of BayernLB between 2004 and 2008, Wendl realised complex financing structures in Europe and the US.
In their most recent positions, Von Freyend, Tepel and Wendl served as project managers in the foreign real estate division of Real IS, focusing on identifying, acquiring and selling large-scale properties, and on structuring closed-end real estate funds on behalf of private and institutional investors.
'The purpose of setting up the new business line of Global Investment Solutions is to bolster the division in charge of buying large-scale assets and to approach new target customers of Real IS,' said Georg Jewgrafow, CEO of Real IS, which manages €5 bn of real estate assets.
The company said it is already in the process of realising its first single investment abroad for a German institutional investor.
