13 October 2014
Edzes will be primarily responsible for the non-listed real estate investments in the Asia/Pacific region. Bouwinvest aims to double its investment portfolio in this region over the next couple of years to 20% of the total international portfolio of € 2.1 billion.
Edzes, 42, has 17 years of experience in the international property investment industry and joins Bouwinvest REIM (effectively from 1 August 2014) from CBRE Global Multi Manager, where he was Head of Transactions for Continental Europe. He previously worked for ING REIM and Unibail-Rodamco.
Bouwinvest’s recent activity in the Asia/Pacific region includes investments in logistics assets in Japan and Australia as well as residential properties in China. Bouwinvest currently also sees interesting opportunities in the value add/opportunistic space in the region. Investments can come through a variety of structures including primary funds, co-investments and joint ventures.
Bouwinvest International Investments is responsible for the current € 2.1 billion in international investments for the Dutch Pension Fund for Construction Workers (Stichting Bedrijfstakpensioensfonds voor de Bouwnijverheid). The portfolio comprises both listed and non-listed real estate funds in Europe, the US and Asia/Pacific. The international portfolio has a net growth strategy of increasing assets under management to € 2.5 billion by the end of 2017.
Edzes joins the portfolio management team for International Investments headed by Managing Director Stephen Tross. His colleagues on the management team are Jeroen Winkelman (Manager Portfolio Europe), Gijs Plantinga (Manager Portfolio USA), Boris van Warmerdam (Manager Listed Real Estate) and Cathelijne Martin (Senior Portfolio Manager). The International Investments team has a large number of advisory board seats in various non-listed funds and joint ventures. The team supports the improvement of professionalism in the non-listed real estate investment sector through participation in committees or boards of various organisations, such as INREV, AFIRE and ANREV.