Pan-European real estate manager Redevco has appointed residential investment specialist Nick Jopling to its residential investment committee.
The appointment follows the company’s announcement in December that it is entering the residential markets in selected countries with the establishment of a €500 mln fund.
Jopling is a 20-year veteran of the UK residential market and has worked as an advisor and broker at Allsop LLP and CBRE. Most recently he was on the board of Grainger, the largest listed residential real estate company in the UK.
'Nick Jopling brings a long and successful track record in senior positions within the UK residential real estate investment market to Redevco’s investment committee,' said Andrew Vaughan, Redevco's CEO.
'His skills and advice will be put to good use as we build up a dedicated team to roll out our new residential investment strategy and supplement our local specialists focused on Redevco’s €7.5 bn portfolio of primarily retail assets.'
Jopling joins Manolito van Ardenne and Hans Touw, co-heading the residential team, on Redevco’s residential investment committee. Patrick Brenninkmeijer has already been appointed as portfolio director residential.
Redevco aims to build up a pan-European residential portfolio of approximately 2,500 units, targeted at the mid-rental market segment. In addition, the company plans to build around 1,000 sustainable homes within existing ownership over the next five years. The residential fund will initially target investments in the Netherlands and Germany, with Spain and the UK as second-tier markets.
