Allianz RE appoints head of Belgium and Luxembourg

Vincent Wathelet has been appointed head of Belgium and Luxembourg for Allianz Real Estate. 

He has been Allianz's acquisition manager for the region since 2015.

Based in Brussels, Wathelet is responsible for a €708 mln portfolio owned by Allianz companies, composed predominantly of office assets in the cities of Brussels and Luxembourg. Major assets in the portfolio include the 18,000 m2 South City Building in Brussels and 24,000 m2 Vertigo Real Estate Complex in Luxembourg, which was acquired in October last year at a price of €178 mln.

'Since joining Allianz in 2015, Vincent has been part of the successful development of our real estate portfolio across Belgium and Luxembourg,' said Alexander Gebauer, CEO for Western Europe at Allianz Real Estate. 'I greatly look forward to working closely with Vincent in his new role as we continue to pursue geographical diversification and growth across our Western Europe footprint.'

Wathelet sits in the senior management team of Allianz Real Estate for Western Europe, reporting to Gebauer.

Previously, he was asset manager at BNP Paribas Real Estate Investment Management, where his responsibilities included management of real estate assets, equity raising for non-listed real estate investment funds and the structuring and management of private placements. He has also held roles at Catella Codemer and Hewlett Packard.

'We have built a very strong portfolio across the Belgian and Luxembourg region and we will look to capitalise on this through the acquisition of further strategic assets going forward,' said Wathelet. 'Brussels and Luxembourg are key locations in a strengthening European market and we expect them to remain at the heart of our aspirations in Western Europe.'

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