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TIAA Henderson Real Estate appoints Head of Retail in Germany

Stephan Austrup

TIAA Henderson Real Estate (TH Real Estate) has hired Stephan Austrup as Head of Retail, Germany.

His primary responsibility will be running the asset management for TH Real Estate’s three largest German shopping centres - in Berlin, Munich and Erlangen, in addition to sourcing new stock throughout Germany.

He will also take management responsibility for the existing German TIAA Henderson Real Estate retail team who run the remaining German retail assets. He will report into Tim Horrocks, Head of Germany, Director of Europe.

Tim Horrocks, Head of Germany, Director of Europe, said "Retail is a key focus for TH Real Estate, especially in Germany. We have a market leading team, comprising specialists across fund and asset management, fund and transaction structuring, finance and distribution. With over 13 years of local experience in the German property market and a strong performance track record, we are optimally positioned to grow the German retail business. Stephan’s hire further cements the authenticity of the team in place and aligns with our aspirations to further grow and enhance the platform on offer."
 
Stephan joins from Sonae Sierra, where his primary responsibilities included the acquisition and development of new projects for Sierra Germany GmbH. Previous roles include positions at mfi Management für Immobilien AG and Ernst & Young. He is a member of RICS and of the advisory board for the graduate degree programme Retail Property at the IRE|BS International Real Estate Business School. In addition to an engineering degree, he has an MBA in International Real Estate Management and completed a post-graduate degree programmes for Retail Property Manager (IRE|BS/GCSC).

With retail AUM comprising c.€2bn across Germany, TH Real Estate represents a significant retail player across the region. The team manage a range of retail assets comprising outlet malls, shopping centres, retail parks and supermarket anchored retail schemes. 

Disclaimer
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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