Schroders property business in Germany has announced the appointment of Buddy Roes as Head of Logistics Fund Management from 1 June. Roes takes over from Robbert Bergmann as fund manager for the Schroder European Logistics Fund and ill be based in the company鈥檚 Wiesbaden office.
Schroders property business in Germany has announced the appointment of Buddy Roes as Head of Logistics Fund Management from 1 June. Roes takes over from Robbert Bergmann as fund manager for the Schroder European Logistics Fund and ill be based in the company鈥檚 Wiesbaden office.
Roes has 19 years investment experience and ran the European logistics funds for ING Real Estate between 2002 and 2006. Before establishing the German office for ING from 2006, he was active in the French, German, Italian and Spanish property investment markets.
Bergmann will stay on with the business to concentrate on other fund management activities and will also remain on the management board of the logistics fund. As a Luxembourg FCP, the fund has a gross asset value (GAV) of EUR 600 mln and 25 assets across six European countries.
Neil Turner, Head of Property Fund Management at Schroder Property commented: ' Logistics is a key part of our investment business with just under 9.7 million sq ft (900,000 m2) of accommodation under management. The appointment of Buddy extends our capabilities in this area as well as continuing to build our fund management team in Germany. This is a key strategic initiative of the business which operates out of eight continental European offices.'
