IREIT Global's manager - which is co-owned by Tikehau Capital and City Developments - has announced changes. Louis d’Estienne d’Orves, the existing Chief Executive Officer of the Manager will be relocating to Asia to assume a senior role in Tikehau Capital and will relinquish his role as CEO.
To enable the Manager to continue leveraging on d’Estienne d’Orves’ experience and knowledge of IREIT, it is intended that he will be appointed as a Non-Executive Director on the Board of the Manager.
Peter Viens is the proposed replacement CEO. Viens is presently a fund manager at Sofidy, a European real estate asset manager which is part of the Tikehau Capital group.
Viens has more than 20 years of experience in the real estate sector, including extensive experience in real estate management. He has worked at Sofidy for more than 7 years managing real estate investments with over €500 million of value.
Prior to that, he held other senior roles in corporate real estate departments (including as department head) for major institutions, including multi-national companies and a global financial institution. It is intended that Viens be based in Europe.
The manager intends to appoint a CIO based in Europe to assist the CEO in overseeing the investment and asset management functions for IREIT.
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Emilio Velasco has been identified to assume the CIO appointment on a part-time basis.
Velasco is presently the head of real estate (Spain & Portugal) of Tikehau Capital. He has over 15 years of experience in investment banking and real estate.
While at Tikehau Capital, he was responsible for establishing the group’s real estate strategy in the Spanish and Portuguese markets, including developing strategic plans and leading the investment and real estate management teams.
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In addition to performing his role with IREIT as the CIO, Velasco is also promoted to Head of Real Assets Iberia of Tikehau Capital and co-Head ofReal Estate Acquisition of Tikehau Investment Management, while concurrently retaining his present responsibilities.
These changes will take place in 1Q2025.
