Elmar Schoonbrood to become Co-CEO at Multi Corporation

Multi Corporation, the leading pan-European platform for integrated real estate management services, announces the appointment of Elmar Schoonbrood as full-time Board Member and Co-CEO, alongside current Board Member Steven Poelman, with immediate effect.

Elmar previously served as Managing Director at Blackstone, the world’s largest alternative asset manager, in London where he managed Blackstone’s European and Turkish retail investments. He was also responsible for overseeing Multi Corporation for Blackstone since joining the firm in 2014. The appointment will allow Multi Corporation to further develop and grow the business and meet its ambitious plans for the future.

Elmar Schoonbrood, Co-CEO of Multi Corporation, commented: “Multi has become Europe’s leading retail platform for integrated real estate management services and is perfectly equipped to become the best one-stop-shop for real estate investors across Europe. The business is in a very strong position and I’m excited to help build on the success achieved to date. I also look forward to working alongside my long-standing Multi colleague and Co-CEO, Steven Poelman, whom I have worked with for over 8 years.”

Adam Shah, Head of Real Estate Asset Management Europe at Blackstone, commented: “Elmar has played a pivotal role in the growth and success of Multi Corporation in recent years, helping it become a business which today actively manages over 80 properties in 13 countries across Europe. With Elmar and Steven at the helm, Multi is well-positioned to consolidate itself as a best-in-class asset manager for its clients”

Elmar Schoonbrood was appointed as Board Member of Multi Corporation in June 2021. He has more than 17 years of experience in the European real estate and real estate debt industry. Previously, he served as Managing Director at Blackstone in London where he managed Blackstone’s European retail investments in Europe and Turkey.

Before joining Blackstone in 2014, Elmar headed up the European non-performing loan workout team at Oaktree Capital Management and prior to that he headed up the European loan workout team at Morgan Stanley (CMBS Special Servicing). In addition, Elmar worked in a variety of real estate and structured finance positions at Credit Suisse, Fitch Ratings and IPD. All functions were based in London. Elmar holds an MA in Real Estate from Kingston University and a BA in Business Administration from the Fontys University of Applied Science.