Listed German property investor Patrizia Immobilien has appointed Johannes Haug as its new head of European real estate development.
In this newly created pan-European role, Haug will be responsible for executing a build-to-core strategy by building up a development platform to deliver assets across all sectors in Patrizia's European markets.
Haug will officially start at Patrizia on 19 June and will report directly to chief investment officer, Anne Kavanagh.
'We see a lot of investment opportunities across the European market for a build-to-core strategy and we’re delighted that with Johannes Haug we have been able to attract a proven real estate expert with a wealth of knowledge of the European real estate market,' said Kavanagh.
Haug joins Patrizia from Pembroke where he was global head of acquisitions for 11 years, coordinating the company’s worldwide acquisition and disposition activities.
Before joining Pembroke, Haug was managing director and a member of the board of management of Deka Immobilien Investment in Frankfurt, Germany. Prior to that, he worked for Hines Immobilien.