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TH Real Estate appoints new Head of TH Real Estate

Mike Sales and James Darkins

James Darkins, Chief Executive for TH Real Estate, has today announced his retirement from the business. It follows over 30 years in the real estate industry and 17 years with the company, having originally joined AMP in New Zealand, as head of Property in 1998.

Latterly at Henderson, James led the expansion of Henderson’s real estate business throughout Europe & Asia Pacific, leading to the formation of TH Real Estate in 2014, creating the fourth largest real estate investment manager globally.* James will continue his role as Chief Executive until the end of August 2015 and will remain with the business until the end of the year, ensuring a smooth transition to Mike Sales.

Mike Sales, currently, Managing Director, Europe, will take over as Head of TH Real Estate from 1 September 2015**. Mike has worked in the real estate industry for over 25 years, 21 of which have been at TH Real Estate and its predecessor company. During this time, he has held a number of senior management roles.

His most recent appointment was as Managing Director, Europe in 2011 and responsibilities include overseeing investment and the day to day management of the European business whilst working closely with each of the different areas supporting the overall business. Mike also sits on the Executive Leadership Team of TH Real Estate.

Tom Garbutt, Chairman of TH Real Estate and head of TIAA-CREF global real estate commented “Mike is a seasoned industry veteran and talented leader who played a pivotal role in establishing TH Real Estate in Europe, making him ideally suited to assume an expanded leadership role within the business. Mike is supported by the rest of our deep management and investment team, and we congratulate him on this well-deserved promotion as we simultaneously wish James the very best in his retirement.”

James Darkins commented “As the business embarks upon its next chapter, it’s a natural point at which to announce my retirement after over 30 years in the industry. Mike and I have worked together since 2001 and his experience and knowledge of our business will ensure a seamless transition into his new role. I’m immensely proud of the business that we have created and am confident that it will continue to grow from strength to strength. I could not think of anyone better than Mike to take on that role”. 

* ANREV/INREV/NCREIF Fund Manager Survey 2015
**Subject to regulatory approval

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.
The material is for informational purposes only and should not be regarded as a recommendation or an offer to buy or sell any product or service to which this information may relate. Certain products and services may not be available to all entities or persons. Past performance does not guarantee future results. TH Real Estate is a real estate investment management holding company owned by Teachers Insurance and Annuity Association of America (TIAA). TH Real Estate securities products distributed in North America are advised by UK regulated subsidiaries or TIAA-CREF Alternatives Advisors, LLC, a registered investment advisor and wholly owned subsidiary of TIAA, and distributed by Teachers Personal Investors Services, Inc., member FINRA. C25131

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