Thor Equities appoints new head of asset management Europe

Thor Equities has hired Pembroke Real Estate's former European executive David Burke as new director of asset management.

Burke will head the asset management division of Thor Equities’ UK office in London, where he will work closely with asset manager Celeste Bauby to continue building the company’s European business.

He has extensive experience devising and implementing successful value creation strategies for commercial real estate assets across Europe, including leasing negotiations and lease structuring, as well as conducting technical and legal due diligence.

Most recently, Burke was head of European asset management at Pembroke Real Estate, an investment division of Fidelity, where he oversaw high value office and retail properties in prime cities including London, Paris, Brussels, Munich and Hamburg.

Prior to that, he was a managing director at UK investment company Maybook Properties, vice president at Fortress Investment Group, and a property director at London & Regional Properties.

'David possesses decades of high level experience in the European real estate markets, which will be invaluable to us as we continue to grow and expand our holdings in the UK and throughout Europe,' said Joseph Sitt, CEO of Thor Equities.

Thor owns a number of properties in London including 145 Oxford St., 105-109 Oxford St. and Bond Street House at 14 Clifford St. as well as the Burlington Arcade, a historical and architectural masterpiece.

The company’s European holdings also include 102 Ave. des Champs-Elysees, 51-53 Blvd. Haussmann and 65 Ave. de Champs-Elysees in Paris; 65 Blvd. de la Croisette in Cannes; 9 Puerta del Sol and 11 Puerta del Sol in Madrid; and 26 Via della Spiga in Milan.