Valad Europe has appointed Karl Delattre as president of Valad France.
Delattre (pictured) joins Valad Europe from BNP Paribas REIS and Asset Partners where he was CEO with responsibility for EUR900m of assets under management across four non-regulated funds.
He was also on the executive committee for the investment management business of BNP Paribas RE which managed EUR14bn of AUM across seven countries, including the UK.
Prior to this he spent six years at BNP Paribas REIM France where he managed over EUR2bn of transactions and raised EUR1.5bn of equity during his tenure. From 2001 to 2006 he worked at the French listed property company, Gecina Group, in a variety of senior roles.
At Valad Europe, Delattre will lead the business in France, continuing to deliver performance for Valad’s existing funds, and identifying acquisition opportunities, particularly into the Paris office and retail sectors. His remit will also include attracting French and international investors with an appetite for investing in the French market, as well as French investors looking for opportunities in the wider European real estate market.
Marty McCarthy, CEO of Valad Europe, says: “This is an important leadership appointment for our French business. Karl’s experience of real estate investment management in France and the rest of Europe will be invaluable as we look to grow and diversify our investments in the region. Across Europe, we manage a diversified portfolio of retail, office and industrial assets, offering attractive returns. Karl’s knowledge and experience, along with our existing team, will help expand our range of new products launched in France.”
Delattre says: “I was attracted to Valad Europe by the strength of the local on the ground asset management talent across its 21 offices in the company’s platform. France continues to offer domestic and international investors attractive real estate investment opportunities particularly in the core + / value-add office and retail parks sectors around the Paris region. Valad Europe has a strong platform in France having been investing for 10 years.”