Vesteda appoints new director Acquisitions
Pieter Knauff succeeds Nico Mol
Vesteda has appointed Pieter Knauff as director Acquisitions. Following his appointment, Pieter Knauff is now responsible for realising Vesteda’s portfolio strategy via the acquisition and disposal of residential complexes and portfolios. Pieter Knauff succeeds Nico Mol, who will focus entirely on external relationships and current development projects.
Pieter Knauff joined Vesteda’s acquisitions team on 1 January 2015 in the role of senior acquisitions manager. Prior to this, he worked at Van Herk Groep for a number of years, the final two years as Chief Investment Officer. In this latter capacity he was responsible for direct real estate investment projects, including (re)developments and the acquisition of real estate investments. Pieter Knauff started his career with merchant bank Kempen & Co as Analyst Corporate Finance and later as Equity Research Analyst Property & Construction.
Gertjan van der Baan, CEO Vesteda: “The importance of Acquisitions within Vesteda has increased enormously in recent years. Vesteda no longer has its own development arm and for new projects depends on external parties, such as project developers, construction firms, housing corporations and local authorities. This is why over the past few years, under Nico Mol’s leadership, Vesteda has successfully added weight and focus to the Acquisitions department. We now have an enthusiastic and expert team that in the past two years has filled our pipeline with a number of attractive projects. I have every confidence that the department will continue on this positive path under the leadership of Pieter Knauff.”
Vesteda is an investor with a clear focus on the Dutch residential real estate market. Vesteda invests funds for institutional investors, including pension funds and insurers. Vesteda has total capital of approx. €4 billion invested in real estate. The company’s rental portfolio stands at a total of around 22,750 units. Vesteda’s key investment regions are the Randstad and the Brabantine City Row. In 2015, Vesteda generated a net result of €316 million, with approx. 200 employees.