Multi confirms asset management shift
Netherlands-based Multi Corporation has appointed Arie den Hartog and Christiaan van Steenbergen to manage its subsidiary Multi Asset Management. These moves are the result of Multi’s shift in focus towards asset management, in time with the rise in potential profits available in the European property market.
Den Hartog becomes managing director responsible for the coordination of commercial asset activities. Van Steenbergen has been appointed as financial director of Multi Asset Management. Multi Corporation is a leading developer and investor in commercial property throughout Europe, and Multi Asset Management, as one of four subsidiaries, is the asset manager of the Multi Corporation’s pan-European real estate investment portfolio.
Den Hartog started his career at Multi in 1992. Before his new appointment he held the position of commercial director asset management and director of feasibility and investments.
Multi’s reshuffle comes at a time when many report positive trends in the European real estate market. Nancy Holland, global head of property at ABN Amro expects the Europe to outperform again in 2007. In the UK and Germany, the introduction of Reits is particularly driving momentum.
Peter Dellsperger, head of real estate research and portfolio solutions at Credit Suisse, says: "The momentum in office property rents in Europe is picking up considerable steam.