Savills IM strengthens European Industrial and Logistics team with co-head appointments
5 October 2023
Savills Investment Management has appointed Daniel Hohenthanner and Evert Castelein as co-heads for Savills IM’s European Industrial & Logistics business.
In their newly created roles, they will oversee all of Savills IM’s European Industrial and Logistics strategies, totalling €6 billion in assets under management, and support the platform’s continued growth. This will include focusing on Savills IM’s new pooled European urban logistics and industrial strategy, which aims to deliver attractive, long-term total returns by exploiting rental growth pressure in undersupplied urban markets, as well as on other logistics strategies, including value add and opportunistic strategies.
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Both Evert and Daniel have a wealth of experience in logistics and industrial real estate. Evert, who joined the firm as a Senior Fund Manager in January this year, has over 20 years of experience, including managing a listed European logistics fund with over €700 million in assets.
Daniel joined Savills IM in September 2011 and has been Director of Investment and Fund Manager for various European logistics strategies. Under his stewardship, €1.2 billion of equity has been raised for the Pan-European flagship funds ELF 2 and 3, with over €1.8 billion of capital deployed. In total, he has more than 28 years of experience in real estate.
Evert will continue to be based in Amsterdam and Daniel in Munich. Both will work closely with Kiran Patel, Global CIO and Deputy CEO. The close co-operation with Jon Crossfield, Head of Strategic Partnerships & Living and Gerhard Lehner, Managing Director & Head of Fund Management Germany, remains unchanged.
Daniel Hohenthanner, Co-Head, European Industrial & Logistics, Savills Investment Management, commented:
“Savills Investment Management has an established track record in the European industrial and logistics sector, and I am excited by the opportunity to strengthen our offering in the coming years given the clear market demand for dedicated strategies. I look forward to working closely with Evert and our professional colleagues across the whole platform to source and manage the most attractive opportunities for our investors.”
Evert Castelein, Co-Head, European Industrial & Logistics, Savills Investment Management, added:
“Despite the challenging markets, the European industrial and logistics remain fundamental growth sectors and an attractive long term investment proposition for our investors. Having great teams on the ground across Europe will help us optimise the market opportunities that exists today, and I’m thrilled to be working with them to help further expand the platform and our sector focus.”
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"Despite the challenging markets, the European industrial and logistics remain fundamental growth sectors and an attractive long term investment proposition for our investors."