Real estate investor and manager, Cromwell Property Group has promoted Justyna Filipczak to the role of head of Central and Eastern Europe (CEE).
Cromwell currently has a team of 40 real estate and finance professionals in the region and, as at 31 December 2020, managed €1 bn of office, retail and logistics and light industrial assets let to 562 tenant-customers, covering over 655,000 m2 in Poland, Czech Republic and Slovakia.
As interim head over the last few months, Filipczak has successfully led and navigated Cromwell’s Covid-19 response within the region. This has included overseeing all tenant-customer negotiations and lease renewals as well as the successful acquisition of 12 logistics and light industrial properties in the Czech Republic and Slovakia on behalf of Cromwell European REIT.
Filipczak joined Cromwell in 2013 from GE Real Estate, rising to head of finance, CEE. She had a brief interlude with Multi Corporation in a similar role before returning to Cromwell in 2019.
Pertti Vanhanen, managing director, Europe, said: 'Justyna holds in-depth knowledge of the CEE real estate industry combined with extensive experience at Cromwell.
'Her skills and experience will allow us to continue to expand our operations in the region and grow assets under management.
'She will be the first female to be appointed as a country/region head within the 12 European countries we currently operate in and I’m delighted to be working with her to continue to deliver the great results for our investors and capital partners.'
Filipczak added: 'Cromwell has managed a significant number of assets in the CEE region for a variety of different investors over the last decade.
'The local team has demonstrated its ability to execute investment and asset management initiatives across a wide range of sectors including logistics and light industrial, office and retail, even during difficult circumstances like the current Covid-19 pandemic.'