IMMO has appointed Hima Mandali to its newly created role of chief technology officer.
Mandali joins the firm from Solarisbank, where he managed a global team of more than 350 engineers. Prior to that, he was director of software engineering at US bank CapitalOne.
At IMMO, Mandali will be responsible for developing the in-house technology-driven investment platform. The company has just announced plans to spend £2.5bn acquiring and retrofitting more than 10,000 homes across the UK, Germany and Spain.
Mandali said: “As Europe’s leading technology-led residential real estate investment platform, IMMO benefits from an early-mover advantage in a sector that is attracting an ever-growing weight of capital.
“I believe the company has the potential to be Europe’s first proptech unicorn and will help unlock the world’s largest asset class – residential real estate – while delivering positive environmental and social outcomes by providing sustainable, better quality rental housing.
“Key to my role will be helping the company to scale and innovate, while maintaining standards following the series B fundraise.”
Hans-Christian Zappel, co-founder and chief executive officer at IMMO, said: “The rental housing model has barely changed in a century and is in urgent need of disruption.
“Hima’s unique experience in building high-performing technology teams at highly regulated fintech firms will allow us to simultaneously push the envelope on innovation in real estate while delivering impactful, tech-enabled investment models whose robustness meets the needs of some of the most established institutional investors in the world.”
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