Frasers Property UK, a member of Singapore-listed Frasers Centrepoint (FCL) has appointed Ilaria del Beato as its chief executive officer.
Del Beato was previously chief executive officer of GE Capital UK, and has almost three decades of real estate and finance experience.
Panote Sirivadhanabhakdi, group chief executive officer of FCL said, “The UK is a market that FCL is very familiar with, having operated here for more than 15 years.
“We have every confidence in the UK’s long-term prospects, and have recently invested more than £860m to acquire four business parks in Thames Valley and a business park in Glasgow. These investments complement our existing residential and central London commercial operations.
“We are now looking to Ms del Beato to consolidate our platform in the UK and continue building our business for the long-term.”
FCL has a portfolio spread across the business park, commercial and residential sectors in the UK.
Its hospitality business owns or manages around 3,000 hotel rooms and serviced apartments under the brands Fraser Suites, Fraser Place, Fraser Residences, Malmaison and Hotel du Vin.
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