Verdion has appointed Georg Starck to the position of Chief Investment Officer.
Based at Verdion’s newly-opened Frankfurt office, he will be responsible for growing the firm’s pan-European investment platform, working with Director of Asset Management Simon Walter to identify and bring forward opportunities for the business.
Formerly Commercial Managing Director of Alpha Industrial GmbH & Co, Starck led a team of 20 employees managing and developing industrial and logistics real estate for internal and external clients with assets under management of 1,100,000 sq m and a development pipeline of 600,000 sq m. He also acted for the group in real estate acquisitions and sales activity. Starck previously also held positions at Aareal Asset Management (now Schroders) and ING Real Estate (now CBRE Global Investors).
Michael Hughes, CEO of Verdion, said: “Our development portfolio is very healthy, but it’s only one part of Verdion’s business. Right now, the logistics real estate market sits right at the centre of two important trends, rapid urbanisation and technological change, that we can capitalise further with greater strategic investment. Georg has the experience and track record to deliver these aims.
Georg Starck, CIO of Verdion, added: “Verdion has a clear appetite for value-add and core properties in the logistics and industrial market, particularly strong edge of town and city locations across the UK, Germany, Denmark and Sweden where it is already well-established.
“With increasing occupational demand for urban logistics and last mile deliveries we will be focussing on established micro locations likely to see sustained growth and properties with potential for repositioning using Verdion’s longstanding sector expertise.”