European warehouse specialist Delin Property has appointed Tom Wattles as chief executive.
The Prologis co-founder (pictured) joined Delin Property in December 2021 to help grow its new institutional investment platform. He previously held the positions of co-chairman and chief investment officer at Prologis, and was the co-founder and executive chairman at DCT Industrial Trust, until its $8.4bn (£6.6bn) purchase by Prologis in 2018.
He replaces Rob Reiskin, who has stepped down as chief executive but remains on the board.
Delin chair Graeme McFaull said: “Tom has an outstanding pedigree in establishing and scaling up real estate platforms. He knows Delin Property intimately through his boardroom role over the past two years, making him the ideal person to take over as great opportunities emerge in the logistics sector.
He also thanked Reiskin for “his valuable contribution to our growth trajectory”, crediting him with “installing an institutional rigour” at the company.
Wattles has also been a member of Advance Real Estate’s Board since 2021, and supported the Mexico City-based company up to its sale last month.
He has previously sat on the boards of Regency Centers, Columbia Property Trust and Security Capital European Realty.
Wattles said: “Scaling up businesses is what I like to do and I’m excited to be working with the team. I’ve made a long-term commitment to stay at Delin Property, a company with tremendous capabilities in creating and adding value as an owner, developer, operator and investment manager of logistics warehouses. These qualities will be key to its growth going forward.”
Reiskin said: “Tom joined the board at Delin Property soon after I became CEO. Given his vast experience and knowledge of Delin Property, I can think of no better person to succeed me.”
He added: “His willingness to take on the role has aided my decision to return to the US. Importantly, my transition from CEO to board member will allow me to continue to help advance Delin Property’s growth, albeit from a different vantage point.”
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