Logistics specialist fund manager Gramercy Europe has made its first hire since completing a management buyout from US private equity giant Blackstone with the appointment of DHL’s former head of real estate.
Paul Graham has been named non-executive chairman of the company ahead of the fund’s plans to increase acquisitions to more than €500m (£442m) by year end. He will join the board which is headed by chief executive Alistair Calvert, who led the buyout Blackstone, which bought Gramercy’s US parent company, Gramercy Property Trust earlier this month.
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