Industrial real estate developer Panattoni has appointed logistics real estate veteran Nick Preston to diversify and grow its investor base.
Preston has been appointed head of the newly created Panattoni Investment Management, which will provide Panattoni with additional pools of capital.
Reporting to Robert Dobrzycki, CEO and co-owner of Panattoni Europe and India, Preston will work by forming discretionary pools of capital with longer investment horizons, supplementing the company’s existing investor base.
Panattoni currently deliers high-quality, sustainable logistics facilities across the UK, Germany, France, Italy, Belgium, Netherlands, Poland, Spain, Portugal, Slovakia, Czech Republic, Austria, Hungary and the Nordics.
The firm has made a commitment to be net zero carbon in all of its new developments by 2025.
Preston is a specialist European real estate investment manager, with particular expertise in the industrial and logistics sectors.
He was previously CEO of Tritax EuroBox, the FTSE 250 listed pan-European logistics investor. Between 2012 and 2016 he broadened his European experience at Grosvenor Fund Management, helping grow the business, particularly in the Nordics.
Before that, he was instrumental in growing CBRE Investment Management’s UK business.
Said Preston: 'Joining Robert and the team at Panattoni, the unrivalled best-in-class logistics platform in Europe, gives me a significant opportunity to help the company grow by tapping into new sources of capital.
'This is an opportune time to be investing in logistics following the recent price corrections that have taken place. The market fundamentals remain well placed with robust occupier demand and constrained land supply and low vacancy levels.
'We are going to be opportunistic in our investment approach, with discretionary mandates allowing us to react quickly to opportunities as they arise.'