AEW appoints Jeffrey King as Fund Manager of EUROCORE

AEW announced the appointment of Jeffrey King as Fund Manager of EUROCORE, AEW’s leading open-ended pan-European core fund.

Jeffrey, who will be based in Frankfurt, will lead the management of EUROCORE working alongside Christina Ofschonka and the wider fund team. He will have overall responsibility for fund strategy, portfolio construction and client relationships. As previously announced, Christina has been promoted to Head of AEW Germany effective from November this year and will work closely with Jeffrey during the transition period and beyond.

EUROCORE was established in 2020 to capitalize on the changing demand for real estate being brought about by urbanisation, demographic changes and the rise of new technologies in Europe’s major cities. The Fund has raised €527.5mn to date and comprises a portfolio of assets diversified across logistics, life sciences and the living sector in seven countries (France, Germany, Austria, Italy, the Netherlands, Denmark, and Spain), providing investors with income stability thanks to the selection of strong and recognised tenants.

ESG is central to EUROCORE’s investment and asset management processes, with the portfolio focused on certified assets and the creation of sustainable environments. The Fund is aligned with the UN Sustainable Development Goals and achieved a 5-star GRESB rating in the 2023 assessment.

Jeffrey has over 15 years of experience in the European real estate industry and joins AEW from DWS where he was Head of Portfolio Management for residential strategies. Before that, he spent over seven years at Aviva Investors as Fund Manager of its pan-European open-ended core fund Encore+. Jeffrey also spent five years at CBRE in the valuations team. He has an MBA from York University Toronto and a Diploma in Property Investment from the University of Reading.

Christina Ofschonka, Head of Fund Management Germany at AEW, commented: “Jeffrey brings a wealth of experience in the real estate space, having spent several years managing European funds, latterly focusing on the residential sector. In the three years since its launch, EUROCORE has established itself as one of Europe’s leading open-ended core real estate funds with a high-quality portfolio of future-proof assets in key and mature markets across Europe. I look forward to welcoming Jeffrey to the team and working with him as we continue to grow the Fund and deliver its objectives for investors.”

Jeffrey King, Fund Manager of EUROCORE at AEW, added: “AEW is a leading player in real estate investment management with a significant presence across the globe. I am excited to be taking on the role of lead fund manager for one of the business’ flagship European funds, EUROCORE, which has established itself across Europe and has excellent ESG credentials.”