RE Capital, the pan-European investment, development and asset management company, has appointed Devon Olander as Group Fund Manager to facilitate the firm’s continuing strong growth.
Devon joins from Skybound Capital Group, a long term partner of RE Capital’s, where he had managed its investment funds for over 13 years. At Skybound, he was a board member on several key strategic investments and a member of the Group’s executive committee. Devon joins RE Capital’s team as part of its executive committee to support building out the company’s Luxembourg investment platform.
Devon’s primary focus will be on the management and oversight of RE Capital’s fund investment platforms, the facilitation of investment into a deal pipeline, and to deliver consistent risk-adjusted returns for the fund’s unit holders. RE Capital’s European Fund invests via a balanced combination of equity and debt in a wide range of real estate asset classes such as offices, hotels, residential, industrial, logistics and student and retirement housing, and includes land plots for building and development of these asset classes. Countries targeted for investment are the United Kingdom, Switzerland, Portugal, as well as other EU member states. It priorities value add and opportunistic real estate opportunities, with a target fund size of 300m.
RE Capital’s existing projects include the restoration of Greycoat Stores, a mixed-use office-led building in Victoria, London; a new 60-bedroom lifestyle hotel in Camden, London, near legendary entertainment venue KOKO London; RUBIX, a cutting-edge light industrial and logistics asset in Geneva; and AAA23, a collection of 42 luxury residential apartments in Lisbon.
In a reflection of the growth in RE Capital’s assets over the past two years, the team has grown by 94% since January 2021, including the appointment of a new Head of HR, Cristina Dumet, as the firm seeks to build on its offering to employees.
Devon Olander, Group Fund Manager at RE Capital, said: “Regardless of whether the asset class is build to rent, student housing or offices and logistics assets, RE Capital’s approach is one which places wellbeing and sustainability at the forefront. With assets already under development and management that will be iconic spaces in their markets, I’m delighted to have the opportunity to continue to support the growth of this team and its investments.”
Newman Leech, CEO of RE Capital, said: “Having been a friend to RE Capital during his time at Skybound for many years, having Devon join the team is a wonderful moment and a reflection of the top quality work he has delivered and will continue to deliver with us. As RE Capital continues to grow our, both in our team and our assets under management, we continue to place a premium on supporting and giving back to our communities. As our group fund manager, Devon will be central to our plans to invest responsibly, for people, planet and profit.”