AMSTERDAM, 4 April 2016 – CBRE Global Investors has announced the appointment of Rik Eertink as Fund Manager of the CBRE Dutch Retail Fund (DRET).
Rik Eertink, who joined CBRE Global Investors in 2004, is currently the Country Manager of the Nordics and Fund Manager of the CBRE Nordic Property Fund (NPF). He began the role on 1 April 2016 and will relocate back to the Netherlands to head the existing strong Dutch retail team. As part of the transition, Rik will continue as NPF’s Fund Manager.
Pieter Hendrikse, CEO EMEA, CBRE Global Investors, said: “Rik’s track record in leadership combined with his hands-on real estate experience means he is well-placed to lead DRET, which is one of priority funds in Europe”.
The CBRE Dutch Retail Fund is the largest institutional non-listed retail investment vehicle in the Netherlands, and this scale offers both excellent diversification and economies of scale. The fund is the leading investor in Dutch inner city shopping centre schemes including Beursplein, Rotterdam, Heuvel Galerie, Eindhoven and Mosae Forum, Maastricht, as well as being a significant investor in urban district shopping centres, convenience centres and large-scale speciality centres. The fund has an excellent track record and outperformed the IPD/ROZ Dutch Retail Benchmark on a 3-, 5-, and 10-year average.
Rik succeeds Jaap Demoed, the current Fund Manager of DRET, who will retire after 25 years of service with the company.
“We would like to thank Jaap for his long service and contribution to the continuing success of DRET. He leaves following the recent restructuring of the fund, which has put the fund in good stead for its next phase of development. On behalf of the company, I wish him an enjoyable retirement,” said Hendrikse.
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About CBRE Global Investors
CBRE Global Investors is a global real estate investment management firm with $89.0 billion in assets under management* as of December 31, 2015. The firm sponsors investment programs across the risk/return spectrum for investors worldwide.
CBRE Global Investors is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBG). It harnesses the research, investment sourcing and other resources of the world’s premier, full-service commercial real estate services and investment company for the benefit of its investors. CBRE Group, Inc. has more than 70,000 employees in more than 400 offices (excluding affiliates) worldwide. For more information about CBRE Global Investors, please visit www.cbreglobalinvestors.com.
*Assets under management (AUM) refers to the fair market value of real estate-related assets with respect to which CBRE Global Investors provides, on a global basis, oversight, investment management services and other advice, and which generally consist of investments in real estate; equity in funds and joint ventures; securities portfolios; operating companies and real estate-related loans. This AUM is intended principally to reflect the extent of CBRE Global Investors’ presence in the global real estate market, and its calculation of AUM may differ from the calculations of other asset managers.
Past performance is not a guarantee of future performance.