Global investment firm KKR has announced the appointment of Jan Baumgart as director and head of real estate Germany.
Baumgart will be responsible for property and platform transactions in Germany, the Netherlands and Scandinavia, focusing on real estate assets with prospects for growth, KKR said.
'We’re delighted to welcome Jan to our team at KKR,' said Christian Ollig, head of KKR in Germany.
'Over the past two decades, we have made more than $5 bn (€4.5 bn) of long-term equity investments in over 20 companies in Germany with a special focus on large SMEs. Jan will help us to build on this, further expand our German presence and strengthen our diversified investment approach across asset classes,' Ollig added.
Baumgart has 14 years of investment experience, with a particular focus on asset management, private equity and real estate. He joins KKR from Patrizia Alternative Investments where he was responsible for the investments, amongst others, in housing company Süddeutsche Wohnen Group, the LEO office portfolios leased to the federal state of Hessen as well as the acquisition of fund management company Triuva.
Baumgart started his career at Fortress Investment Group and AlixPartners.
Guillaume Cassou, member and head of European real estate at KKR, said: 'Jan is an investment expert who knows the European real estate market inside out. Combining his deep market knowledge with our global KKR network will be a great addition for our real estate team and allow us to tackle attractive growth opportunities in Germany, the Netherlands and Scandinavia.'
Since 2013, KKR has completed more than 25 real estate transactions in Western Europe across a range of asset classes, including residential, student housing, hospitality, logistics, retail and office.