Scott Malkin, the founder and chairman of UK outlet shopping centre specialist Value Retail, has been named the new chairman of ULI Europe with immediate effect. He will succeed Alexander Otto, CEO of ECE Projektmanagement, who served as chairman for the last two-and-a-half years, ULI Europe said on Thursday.

Scott Malkin, the founder and chairman of UK outlet shopping centre specialist Value Retail, has been named the new chairman of ULI Europe with immediate effect. He will succeed Alexander Otto, CEO of ECE Projektmanagement, who served as chairman for the last two-and-a-half years, ULI Europe said on Thursday.

Malkin, a member of ULI since 1986, currently serves on the global executive committee of the organisation. Otto will continue his long association with ULI Europe with his appointment as chairman of the ULI Europe Advisory Board, which helps to develop the strategic direction of ULI in Europe.

Under Otto’s chairmanship, ULI’s European operations introduced the Urban Investment Network, which brings together leading cities, institutions and the private sector to promote and facilitate investment in urban development, and LessEn, a program that encourages better energy efficiency and retrofitting in commercial real estate. He was also instrumental in increasing the footprint of ULI with the addition of ULI National Councils in Greece/Cyprus.

ULI is a global research and education institute dedicated to responsible land use and sustainable community building. Currently, ULI has nearly 30,000 members worldwide, including more than 2,000 in 16 countries across Europe. The Institute’s European operations are run from offices in London and Frankfurt.