INDUSTRY NEWS

EII Capital Management recruits new MDs

Having recruited three new managing directors, EII Capital Management has now opened a new office space in London.

These developments have come after the departure of their Manager for Global Real Estate Securitires and Managing Director, James Rehlaender, and the company’s senior analyst and co-manager for Europe.

The company stated that the new staff has boosted numbers in New York, London and Singapore.

However, several US pension funds dropped EII Capital Management after the news of the departure of Rehlaender and Nieuwland.

The LA Fire and Police Pension System as well as the Massachusetts Pension Reserves Investment Management Board both decided to drop the services of EII last year. Other companies have also taken similar action.

Michael Hudgins has left JP Morgan Asset Management to become chairman of EII’s global investment committee. Whilst Andrew Cox has been appointed the role of heading up the London office, and Roberto Versace has left his role at BNY Mellon Investment Management and been given the role of MD in Singapore.

Head of EII’s publicly traded real estate investments, mentioned that the firm has high hopes for the new staff members who will be able to provide, “a more integrated, analytical approach”.

By: Kirsty MacGregor

News bought to you from DeVono Cresa, the award-winning commercial property advisers, specialising in Central London office, retail and leisure space.

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