Panattoni appoints Nick Preston to lead new investment management division

by   CIJ News iDesk III
2023-11-23   11:18
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Panattoni has appointed logistics real estate veteran Nick Preston to diversify and grow its investor base.

Preston has been appointed head of the newly created Panattoni Investment Management, which will provide Panattoni with additional pools of capital. Reporting to Robert Dobrzycki, CEO and co-owner of Panattoni Europe and India, Preston will work by forming discretionary pools of capital with longer investment horizons supplementing the company’s existing investor base.

One of the benefits for the new investors will be the opportunity to gain exposure to both the enhanced returns from Panattoni’s extensive development pipeline and a clear stock selection policy to provide long term outperformance. Panattoni has been the largest logistics developer in Europe for the last seven years with market leading expertise in delivering high-quality, sustainable logistics facilities in the UK, Germany, France, Italy, Belgium, Netherlands, Poland, Spain, Portugal, Slovakia, Czech Republic, Austria, Hungary and the Nordics. Panattoni’s commitment to be net zero carbon in all of its developments by 2025 accords with the deep rooted ESG focus of Panattoni Investment Management.

Preston is a specialist European real estate investment manager, with particular expertise in the industrial and logistics sectors. He was previously CEO of Tritax EuroBox plc, the FTSE 250 listed pan-European logistics investor. Between 2012 and 2016 he broadened his European experience at Grosvenor Fund Management, helping grow the business, particularly in the Nordics. Before that, he was instrumental in growing CBRE Investment Management’s UK business.

Nick Preston, head of Panattoni Investment Management, said: “Joining Robert and the team at Panattoni, the unrivalled best-in-class logistics platform in Europe, gives me a significant opportunity to help the company grow by tapping into new sources of capital.” .

“This is an opportune time to be investing in logistics following the recent price corrections that have taken place. The market fundamentals remain well placed with robust occupier demand and constrained land supply and low vacancy levels. We are going to be opportunistic in our investment approach, with discretionary mandates allowing us to react quickly to opportunities as they arise”.