Ralf Nöcker, a seasoned figure of the real estate private equity industry having led numerous property deals worth a total €4.3 bn, has become a senior advisor to proptech firm 21st Real Estate.
Nöcker is to ‘open up the private equity market to 21st Real Estate’, according to the company. His objective is to introduce 21st and its suite of products to real estate private equity investors and help clients digitise the process of acquiring real estate investments.
21st is a Berlin-based firm led by CEO Petr Bradatsch who has 30 years’ management experience at IT companies. Nicolai Wendland, a professor of real estate economics and management, is COO. The company’s tools enable investors to predict the future development of locations, real estate assets and their investment returns to what it claims is an ‘unprecedented degree of precision’.
The move by 21st to harness the skills of a private equity real estate figure is a noteworthy development. Nöcker is well known in private equity real estate circles having operated for over 20 years. His most recent position was at London-based Kildare Partners run by former Lone Star dealmaker, Ellis Short. Kildare recruited him in July 2016 to lead large opportunistic investments in Germany and he left the firm in March this year.
Prior to that he was a managing director at MIRA, the third-party fund management business of Australia’s Macquarie Group which manages around $80 bn of assets, over half in Europe. He also had spells at Tristan Capital Partners, Corestate Capital, Shore Capital, Bear Stearns International, and Nomura International.
21st said he had traded over 10,000 residential apartments, acquired one of the largest office properties in Germany and a 5-star hotel, and established a strategic platform of logistics properties in Central and Eastern Europe during his career.