German investor and project developer Values Real Estate has appointed Thomas Otto as head of investment.
In this role, he is expected to contribute and further strengthen his multi-faceted acquisition and transaction expertise for Values Real Estate.
Otto has around 15 years of experience in the real estate investment business, having handled a transaction volume of over €3 bn to date.
In his last position as an authorized signatory at Patrizia Deutschland, he was primarily responsible for the purchase of social and healthcare properties. In addition, he also worked on transactions across Germany in the field of office properties and commercial buildings.
Prior to that, Otto worked for Corpus Sireo Luxembourg, today Swiss Life Asset Managers, for around seven years in the area of asset, fund and investment management.
'Even under the currently difficult framework conditions, we want to further develop our business, which is now highly diversified by asset class. For our ambitions we need specialists like Thomas Otto. I'm glad to have found a very experienced and renowned manager for Values," said Carsten Fischer, CEO of Values Group.
'I am convinced by both the innovative strength and the broad-based competence of the company. I'm happy to be able to bring my entrepreneurial mentality to bear here with all my might,' added Thomas Otto.
Values Real Estate has initiated eleven institutional funds with the investment focus on CBD, prime locations, logistics, health and social infrastructure. Last year, the firm invested around €1.3 bn.
