Optimum appoints new Head of Distribution
Optimum Asset Management (Optimum), A boutique real estate investment manager with EUR1.5 billion in assets under management, has appointed ex-CBRE director Nick Hill as Head of Distribution to build on the firm’s institutional client base and drive fund raising activity.
With over 20 years’ experience working in capital raising roles, Hill joins Optimum from CBRE Global Investors, where he was responsible for infrastructure capital raising, client maintenance, and product development during an eight-year period with the firm, latterly as investment services director. Prior to joining CBRE, Hill worked in client-facing roles at Aviva Investors, Matrix Property Fund Management, and Jupiter Asset Management.
Hill will be responsible for supporting the firm’s capital raising activities globally with a focus on UK and European investors. The manager is currently fund raising for its Optimum German Real Estate Fund IV (GREF IV) focused on investing in well-located residential, office and mixed-use real estate assets near major infrastructure and employment centres. The primary target cities for the latest fund are the high growth, supply constrained Berlin market, augmented by Dresden, Hamburg, Leipzig, Cologne and Düsseldorf.
Enrico Imbraguglio, Managing Director, Head of Marketing & Distribution at Optimum, says: “With his strong capital raising experience and ability to navigate the European institutional investor market on behalf of both boutique and large investment management firms, Nick is an excellent addition to our team as we continue fund raising for our GREF IV vehicle. Nick’s expert knowledge of European real estate markets combined with an ability to establish and leverage investor relationships will be a significant asset to Optimum as we move through 2021.”
Hill adds: “Favourable supply and demand dynamics are set to endure in key German cities, so there is tremendous opportunity for an established investment manager to deliver strong investor returns from well-located real estate assets. I am pleased to join Optimum as the firm increases its fundraising activity and look forward to delivering strong value to our institutional investors.”