Key Takeaways
- • Addleshaw Goddard (AG), an international law firm, appointed Kirsty Chalkley as Partner in its Manchester Real Estate team, strengthening its real estate practice.
- • Partners Group, a leading global private markets firm, added three senior leaders to its Real Estate business: Karim Habra as Global Co-Head of Real Estate (25+ years experience, joining March 2024), Stephen McCall as Global Head of Platforms & OpCos (25+ years operational leadership, joining February 2024), and Henrik Orrbeck as Co-Head of Real Estate Europe (joining March 2024).
- • Karim Habra joined from Ivanhoe Cambridge (CDPQ's real estate arm), where he served as Head of Europe & Asia-Pacific and Global Head of Strategic Partnerships, bringing institutional investor perspective to Partners Group's platform.
- • These hires underscore strategic industry focus on platforms and operationally intensive real estate sectors as private markets firms position for transformation and disruption in real estate asset classes.
Summary
This appointment occurs within the context of significant real estate team expansions across the alternative investment industry. Partners Group, a leading global private markets firm, simultaneously announced three senior hires to its Real Estate business in January 2024. The appointments include Karim Habra as Global Co-Head of Real Estate (based in Zug, Switzerland), Stephen McCall as Global Head of Platforms & OpCos (based in London), and Henrik Orrbeck as Co-Head of Real Estate Europe (based in London). These roles reflect the firm's strategic emphasis on operationally intensive real estate sectors and platform-based investing strategies.
Karim Habra brings 25+ years of industry experience, having most recently served as Head of Europe & Asia-Pacific and Global Head of Strategic Partnerships at Ivanhoe Cambridge, the real estate investment arm of Canadian pension fund CDPQ. His prior roles included Head of Continental Europe at LaSalle Investment Management and positions at JER Partners and GE Capital. Stephen McCall, with more than 25 years of operational leadership experience, moves into the newly created role of Global Head of Platforms & OpCos, tasked with overseeing Partners Group's strategy for investing in real estate management teams and operating companies. Both Habra and Orrbeck joined in March 2024, while McCall commenced in February 2024.
Partners Group views these strategic hires as essential to positioning the firm's real estate platform for navigating industry disruption and capitalizing on thematic growth trends. The firm emphasizes that private markets will play a critical role in transforming real estate to meet these structural shifts. These appointments complement Partners Group's established global real estate team, with Habra working alongside Mike Bryant, the firm's existing Head of Real Estate, in a co-leadership capacity.
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