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TH Real Estate strengthens local teams in Southern Europe

15-07-27 SouthernEurope

TH Real Estate has strengthened its Southern European business with new appointments in Spain and Italy. Maurice Meulendijk joins as a new Asset Manager, based in the Madrid office, and Gianluca Scarcella as a Portfolio Manager based in Milan.

With over 10 years of real estate experience, Maurice’s appointment follows the Spanish team’s acquisition of Islazul Shopping Centre in conjunction with a Korean investor, as well as the inception of TIAA’s General Account interests in Spain and Portugal.

TH Real Estate’s Iberian portfolio now includes nine shopping centres (Bulevar Getafe and Islazul in Madrid, Nervión Plaza in Seville, Miramar Centro Comercial in Fuengirola, Espacio Coruña, Vialia Málaga and Norte Shopping in Oporto, and Cascais Shopping and Centro Comercial L’Aljub in Elche), two retail parks (Parque Miramar in Fuengirola, and Parque Comercial Meixueiro in Vigo), a logistics platform (Alovera, in the province of Guadalajara), and a hotel (Barceló Málaga). The portfolio is currently valued at close to €1.0bn. TH Real Estate also advises TIAA on its indirect holdings held in the Sonae Sierra Fund, which owns 22 shopping centres in Spain and Portugal.

Maurice joins TH Real Estate from Multi Development, where he held several roles across Europe primarily focusing on Iberian retail assets.
Gianluca joins as a Portfolio Manager for the HERALD Italian assets. He will be responsible for the daily management of the assets, working closely with third parties and colleagues from other offices. In addition, Gianluca will assist the rest of the Italian team on other mandates and investment activity.
For the past nine years, Gianluca has worked at Cushman & Wakefield in the property accounting department where he was responsible for accounting management for Shopping Centres and Retail Parks.

Manuel Martin, Head of Spain, TH Real Estate, comments: "2014 has been a year where our assets under management exceeded €1.0bn; Maurice is a great addition to the team as he will ensure we are prepared to cover the expanding investment market, and will help us to continue to provide excellent service across our asset management operations."

Mario Pello, Head of Italy, TH Real Estate, adds: "Whilst at Cushman & Wakefield, Gianluca was the property manager for most of our Italian assets. He is familiar with our properties and this thorough knowledge makes him a strong addition to our team."

Issued by Henderson Real Estate Asset Management Limited, 201 Bishopsgate, EC2M 3BN. Authorised and regulated by the Financial Conduct Authority. TH Real Estate is a name under which Henderson Real Estate Asset Management Limited provides investment products and services.

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