The ICG real estate team has appointed Etienne Casara as the deputy director of the Paris office. Since Philippe Deloffre and Aisling McCarthy were appointed as the real estate team of Dong Zhong Capital Group (ICG) in June 2020, Etienne Casara was appointed as the deputy director of the Paris office. Since Philip Drover and Aisling McCarthy were appointed as managing directors in June 2020, Kassala's appointment marks the further strengthening of the partnership capital strategy.

Kassala has a deep background in the fields of debt and equity real estate investment. 20 14 to 20 19 During her work in Starwood Capital Group, Kassala has spread all over Europe. Etienne's career began on 20 1 1 Morgan Stanley Real Estate M&A team moved to the forum partner. Etienne has started this position and will report directly to Philip? Dehloff de Loffre reports.

Drover said, Our partner capital strategy is actively targeting opportunities in Europe. With its rich pan-European experience, Etienne will become an asset of the team. Prior to the appointment, the strategy has completed the first investment in the European mezzanine project-a financing worth 85 million euros to assist APL to acquire the Focus Teleport office park in the west of Berlin, Germany. With 202 1 bringing greater certainty to the whole market, our product line is very active, and we will complete two other transactions in France and Ireland. ?

Kassala said:? I am very happy to join ICG's partnership capital team, which is an exciting moment for the company to expand into Europe. The ICG team has successfully cooperated with excellent real estate managers and entrepreneurs, and created impressive achievements in the whole real estate cycle. I look forward to maintaining a long-term cooperative relationship with my European counterparts in commercial real estate. ?

ICG real estate partner capital strategy focuses on the cross-industry investment support value-added strategy of commercial real estate in Britain, Northern Europe and Western Europe. 202 1 year, ICG? Partner capital strategy? Through it? Green loan framework? The sustainable development goal is put forward, which will encourage decarbonization through financial incentives and invest in emission reduction and energy efficiency measures.

The investment in Berlin was carried out from June 5438 to February 2020, benefiting from the safety of the 48,578 square meters office park, which is strategically located in the west of the central city of Berlin. The transaction is based on the value-added business plan, with a multi-tenant occupancy rate of 98% and a lease term of 6 years. Berlin benefited from the attack on infrastructure. Berlin is a major technology hub in Germany, but the vacancy rate is very low, which is due to the increasing demand brought by population growth and the continuous transfer of government functions and related private sector institutions to cities.