Baytree Logistics Properties, The pan-European logistics and industrial development platform was launched by AXA Investment Managers – Real Assets, has announced the appointment of François La Rochefoucauld as Development Director for France.
Regional Head of Asset Management and transactions at AXA IM’s Southern Europe division, Nathalie Charles, believes that the latest appointment will prove to be an asset to the growing firm.
She says; “It is very satisfying to see the Baytree team growing following its launch in March 2015. The establishment of Baytree was yet another initiative by AXA IM – Real Assets to broaden its reach and further expand on our €9.9 billion European development platform.”
“Alongside the specialist logistics team at Baytree, we aim to develop the highest quality and most efficient warehouses and industrial space across the Continent, providing our clients with the flexibility to hold or trade, in order to satisfy their demand for this product while maximising returns – we look forward to working with the proven Baytree team to build upon our existing €1.8 billion European logistics platform which manages over 2.5 million square metres of assets (as at end of September 2015).”
Mr La Rochefoucauld has spent the past 16 years of his career focusing exclusively on logistics development and asset management, and joins Baytree from logistics real estate business Sofade where he was acting head of the company.
Previously, he held the position of Chief Executive Officer at logistics focused real estate investment trust and subsidiary of Euronext listed holding company Fonciere des Regions after starting his rapid career progression in a number of senior positions at Prologis.
Mr La Rochefoucauld will be responsible for overseeing the development of industry leading built-to-suit and speculative logistics development projects across France, and will report directly to Baytree managing director Rabih Modad.
Mr Modad says; “It is a great pleasure to welcome François to Baytree. He brings a wealth of logistics development experience and has a proven track record in our sector.
“His appointment is a sign of our commitment to logistics developments in France and a testament to the potential of our business, which is well supported by AXA IM – Real Assets.”
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