Morley Fund Management, Europe’s largest property fund manager*, has made two appointments to its continental European property team. Gilles Chow and Gil Bar both join as fund managers, reporting to Ben Stirling.
Morley Fund Management, Europe’s largest property fund manager*, has made two appointments to its continental European property team. Gilles Chow and Gil Bar both join as fund managers, reporting to Ben Stirling.
Gilles Chow joins from Macquarie Global Property Advisers. He has been focused on the acquisition and asset management of real estate across -Europe since 2000. Prior to joining Macquarie, Gilles worked for Lend Lease in Australia, Singapore and London.
Gilles joined Morley this month and will be working on the Global Switch Fund and the Pillar European Retail Park Fund (PREF).
Gil Bar joins Morley from Standard Life where he worked for three years as a portfolio manager in the European Property Group. He was part of a small team managing around €2 billion of continental European property assets.
Gil will join Morley in August and will be involved in new fund initiatives.
Commenting on these appointments Ben Stirling, European Property Fund manager, said: "Gilles and Gil bring with them first rate experience in pan-European property fund management which will benefit our European property business. We have made great strides in this area in the last year and already have three continental European property funds under management and are looking to expand our range of funds in this area in the coming months."
The appointments of Gilles Chow and Gil Bar brings the number of European Property Fund Managers at Morley to four. Since announcing its intention to invest in Continental European Property a year ago, Morley has launched the Aviva Central European Property Fund, the €200m Parkridge European Distribution Fund (with Parkridge) and has become investment manager of the Tri Investment European Residential Property Fund as well as providing strategic management services to the Pillar European Retail Park Fund.
*Source: OPC April 2005
-ends–
For Further information please contact:
Laura Cook, Corporate Communications Executive, 020 7809 8125
Morley builds European Property Business
August 2004 – Morley announces intention to invest Ł1 billion in Continental European property on behalf of major life fund client. Appoints Ben Stirling as European Fund Manager.
September 2004 – Morley and Parkridge launch the €200m Parkridge European Distribution Fund to develop and own distribution-warehousing parks in Central Europe.
September 2004 – Morley appoints Julian Taylor as European Property Fund manager from Heitman International
November 2004 – Morley invests €100m in to the Pillar European Retail Park Fund and takes up a strategic management role for the Fund
January 2005 – Morley launches the Aviva Central European Property Fund, aimed at institutional investors looking for exposure to the Central European Property market
May 2005 – Morley appointed as investment manager to the newly launched Tri Investment European Residential Property Fund.
July 2005 – Morley appoints Gilles Chow and Gil Bar as European Property Fund Managers
About Morley Fund Management
- Morley Fund Management (‘Morley’) is a London based, asset management business with over Ł134 billion** under management. The property team manages in excess of Ł17 billion of UK and European property assets, making Morley the largest property fund manager in Europe.
- Winners of the high profile Property Week Fund Manager of the Year Award 2004 and the UK Pensions Awards Property Fund Manager of the Year 2005, the team consists of over 60 investment professionals and manages a range of funds on behalf of institutional, pension and retail clients.
- Morley has been at the forefront of innovation in property fund management and has launched thirteen specialist sector based funds with partners, including the Jersey-based Unit Trusts: Igloo Regeneration Fund, Quercus Healthcare Property, The Junction and The Mall.
- Visit www.morleyproperty.com
**Not including mortgage assets, as at 30/06/05