Large Platform Events | Issue 24.11

 

Summary of Transaction Headlines

IPE Real Assets | “CPP Investments Seeks Successor as Ballon Depart”

Global Head of Real Estate Peter Ballon is set to leave the C$591 Billion ($438 Billion USD) Canadian pension fund by the summer, according to sources close to the matter. Ballon has been with CPP Investments since 2007, and it is understood that the pension fund, which has C$45.5 Billion ($34 Billion USD) real estate portfolio, is looking for a successor.

Property Week | “Irish Residential Property REIT Appoints a New Chief Executive”

Irish Residential Property REIT (I-RES) has appointed Eddie Byrne to take up the roles of Chief Executive and Executive Director of the Board in May. Byrne will replace Margaret Sweeney, taking up the role of Chief Executive designate on April 8, before taking up the permanent position on May 1. Sweeney notified the board in October of her intention to retire from I-RES. She will step down at the end of April after six and a half years in the role.

IREI | “Real I.S. Appoints a New CEO”

Christine Bernhofer has been appointed CEO of Real I.S. AG, effective October 1, 2024. She succeeds long-standing Jochen Schenk, who is not extending his contract because of age. Bernhofer will continue to be a Management Board Member of Real I.S. Group, alongside Bernd Lonner, Deputy CEO. A selection procedure for a third member of the Management Board is underway.

Business Wire | “FCPT Announces CFO Transition: Gerry Morgan to Retire as CFO and Patrick Wernig Named as Successor”

Four Corners Property Trust (NYSE: FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant and retail properties, announced that it plans to promote Patrick Wernig, Managing Director of Acquisitions, to Chief Financial Officer, subject to his appointment by the Board of Directors.