Pramerica Real Estate Investors has promoted Andrew Macland to the newly created position of head of UK, as part of a broader restructuring at the firm’s European investment platform.
Before this promotion, he was a managing director and co-head of the European real estate finance group.
Pramerica Real Estate Investors is the European arm of the real estate investment and advisory business of US-based Prudential Financial.
Macland will continue in his role as portfolio manager for the PRECap series of funds, responsible for investments and capital-raising. Established in January 2009, the platform has raised more than EUR2.7bn and has originated, structured and executed 27 transactions in Europe totalling more than EUR1.1bn secured on more than EUR4.3bn of real estate.
Macland has 17 years of European real estate industry experience focused on equity and subordinated debt structures, asset management, property recoveries and restructuring. Before joining Pramerica, Macland held senior positions at Rothschilds, AIBC and CCF Charterhouse/HSBC Specialist Investments.
Raimondo Amabile, co-head of Europe at Pramerica, says: “Andrew’s appointment to the European Executive Committee reflects the success that the PRECap team has achieved with its innovative debt platform, and is part of a broader restructuring of our European platform. Pramerica is now very strongly positioned to offer international debt and equity investment vehicles, with talented and experienced leaders providing specialist local expertise across our core markets, reflecting our commitment to offering investors a best in class service tailored to their individual requirements.”