Listed pan-European real estate company Unibail Rodamco SE has reshuffled its management team to fill the vacancy caused by the sudden departure of development director Bertrand Julien-Laferriere earlier this month. Julien-Laferriere left to become CEO of French listed real estate group Societe Fonciere Lyonnaise (SFL).

Listed pan-European real estate company Unibail Rodamco SE has reshuffled its management team to fill the vacancy caused by the sudden departure of development director Bertrand Julien-Laferriere earlier this month. Julien-Laferriere left to become CEO of French listed real estate group Societe Fonciere Lyonnaise (SFL).

Unibail-Rodamco announced on Wednesday that Olivier Bossard is to be the group's new managing director of development. He takes over responsibility for development projects on 16 October. Bossard has been with Unibail-Rodamco since 1998 and is moving from the position of managing director of the group's office portfolio.

Jean-Marc Jestin has been promoted to replace Bossard as managing director of the office portfolio. Jestin was previously group director of investment and joined Unibail-Rodamco in 2007 from Simon Ivanhoe Europe.

Jaap Tonckens, a member of Unibail-Rodamco's management board, takes over the investment/divestment responsibilities held by Jestin. He becomes chief investment officer, while retaining the supervision of the group's legal affairs.