BlackRock has promoted its current head of Nordics, Thorsten Slytå, to the newly created role of head of European real estate strategic partnerships.
Slytå will continue to lead the Nordics but will now also be responsible for driving BlackRock real estate’s relationships with pan-European strategic partners and identifying co-investment opportunities alongside the firm’s European funds.
He will be focused on investing in the core markets of the UK, the Nordics, Germany, France and Iberia, targeting investments in the logistics, living and alternatives sectors.
BlackRock said the new role would accelerate the growth of its $1bn (£800m) global real estate co-investment platform.
Slytå said: “As more clients seek whole-portfolio solutions, we are well placed to leverage the full breadth of the BlackRock platform to offer unique investment opportunities for our strategic real estate partners.”
Since joining BlackRock in 2021, Slytå has led the growth of BlackRock’s Nordics real estate business, expanding the expertise of the local teams across Copenhagen and Stockholm, as well as doubling the firm’s assets under management in the region in three years.
He will continue to report to Paul Tebbit, co-head of global real estate, who co-leads BlackRock’s $24bn global real estate platform alongside Thomas Mueller-Borja.
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