Peakside Capital Advisors AG (“Peakside”) has appointed Hendrik Martin Wüsten as Senior Investment Manager. The new Principal is part of the Acquisitions and Asset Management team.
Before joining Peakside, Hendrik Martin Wüsten worked for more than four years as Senior Transaction Manager at DIC Asset AG in Frankfurt. During this time, the 40-year-old was responsible for transactions with a total volume of around EUR 900 million in the retail and office property sector. From 2012 to 2015, the real estate economist (IREBS) was responsible for 21 commercial portfolios with a total value of around EUR 500 million as Team Leader Retail Asset Management and Transaction Manager at GE Capital Real Estate. Further stages in his career include Lohnbach Investment Partners and NAI apollo.
Boris Schran, Founding Partner of Peakside Capital, says: “Hendrik Wüsten is an experienced real estate professional who will ideally enhance both our deal sourcing and asset management capabilities. We look forward to working with him to develop and diversify our institutional business.”
Only at the beginning of the year, Peakside appointed Frank Schäfer as Managing Director and Head of Business Development to further expand its institutional business and product range. The company, so far mainly active in the value-add and opportunistic risk classes, plans to further expand these segments and to increase the range of core/core+ investments. In addition to individual investment solutions for national and international institutional investors, plans for 2020 include the continuation of the successful PREF value-add fund series and individual mandates in the core/core + segment.
Stefan Aumann, Founding Partner of Peakside, says: “We remain confident in our business despite the impact that the COVID-19 pandemic will have on the economy. This is due in part to our solidly positioned and diversified portfolio, and in part to the extensive divestments and profit-taking that we were able to realise before the pandemic. In addition, we expect market opportunities from the current market distortions, especially in terms of financing.”