KKR appoints Head of Real Estate Germany
KKR has appointed Jan Baumgart as Director and Head of Real Estate Germany. Baumgart will be responsible for property and platform transactions in Germany, the Netherlands and Scandinavia, focusing on real estate assets with attractive growth prospects.
Baumgart has 14 years of investment experience with a proven track-record in asset management, private equity and real estate. He joins KKR from PATRIZIA Alternative Investments where he was responsible for the investments, amongst others, in housing company Süddeutsche Wohnen Group, the LEO office portfolios leased to the federal state of Hessen as well as the acquisition of fund management company TRIUVA. He started his career at Fortress Investment Group and AlixPartners.
Guillaume Cassou, Member and Head of European Real Estate at KKR, says: “Jan is an investment expert who knows the European real estate market inside out. Combining his deep market knowledge with our global KKR network will be a great addition for our real estate team and allow us to tackle attractive growth opportunities in Germany, the Netherlands and Scandinavia.”
Christian Ollig, Head of KKR in Germany, says: “We’re delighted to welcome Jan to our team at KKR. Over the past two decades, we have made more than USD5 billion of long-term equity investments in over 20 companies in Germany with a special focus on large SMEs. Jan will help us to build on this, further expand our German presence and strengthen our diversified investment approach across asset classes.”
Since 2013, KKR has completed more than 25 real estate transactions in Western Europe across asset classes, including residential, student housing, hospitality, logistics, retail and office. The European real estate team consists of over 15 dedicated investment professionals and leverages the rest of the KKR European investment platform.