Garbe Institutional Capital appoints strategy chief

Garbe Institutional Capital has appointed Thomas Kallenbrunnen as managing director with responsibility for strategy, investment and institutional clients, as of 1 September. 

Co-managing director Michiel Dubois will be responsible for the operating business. The appointment is part of plans to transform Garbe Institutional Capital, Garbe’s active investment and asset manager for residential, office, retail and specialist properties, into a truly pan-European platform.

Kallenbrunnen joins from PGIM Real Estate, where he was a managing director and responsible for European core investment strategy.

Before that, he worked as general manager at Helaba Invest Kapitalanlagegesellschaft, the investment arm of Helaba, where he helped establish and headed the real estate & alternative investments business. His past professional career also includes experience at PricewaterhouseCoopers, where he was working on international real estate and infrastructure projects for financial service providers.

In addition to his almost 20 years of experience in the real estate sector. Thomas Kallenbrunnen graduated from the TRIUM Global Executive MBA program by NYU Stern, HEC Paris and London School of Economics.

Christopher Garbe, managing partner of Garbe, said: 'Thomas Kallenbrunnen brings a proven track record in structuring and managing institutional fund products and investment platforms.

'He has proven that he can successfully create added value for investors at the interface between long-term oriented institutional capital and real estate entrepreneurship. His experience and expertise will help to further develop Garbe Institutional Capital.'

The management team now consists of Kallenbrunnen, Dubois, Markus Kessler and Andreas Höfner, who joined the company in August 2021 as head of strategy. Kallenbrunnen and Höfner will both be based in Garbe's newly opened Frankfurt office.

Said Kallenbrunnen: 'Garbe enjoys an excellent reputation among institutional investors and stands in equal measure for quality and entrepreneurial vision. I am looking forward to help expand the business model. We have ambitious plans.'


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