Gramercy Europe

About Us

Gramercy Europe is a leading real estate investment fund manager focused on single tenant logistics and light industrial properties located across Europe. It has assets under management exceeding €1 billion. It is wholly owned by Gramercy Property Trust.

Gramercy Europe acquires assets that are subject to existing leases, purchases properties through sale-leaseback transactions and funds build-to-suit developments. It has a focus on Germany, the Netherlands and France although it has an active investment pipeline covering many European countries. Gramercy Europe typically has a preference for assets that will be subject to lease terms with greater than five years remaining.

Europe Acquisition Criteria

Gramercy Europe is a pan-European investor into single tenant real estate assets with a focus on logistics and light industrial properties. It acquires assets subject to existing leases, invests through sale-leaseback transactions and funds build-to-suit programs. It has a strong bias towards assets that will be subject to greater than five year leases. The assets are typically of strategic importance to the underlying tenant.

  • Transactions

    Existing leased properties and portfolios, build-to-suits and forward commitments / development funding, sale-leasebacks

  • Asset Type

    Logistics, light industrial and manufacturing, special purpose assets (eg. cold storage, food processing etc.)

  • Tenant Credit Types

    Focus on strong, durable tenants, will consider investment grade, non-investment grade and unrated tenants

  • Lease Term

    Targeting 5+ years remaining, will consider shorter lease terms opportunistically in supply constricted markets or when there is a high likelihood of renewal or a compelling residual value

  • Target Deal Size

    15 million EUR or higher

  • Geography

    Europe (predominantly Germany, the Netherlands, France, Nordics, Spain, Poland)

  • Tenancy

    Typically single tenant

Europe team meeting

Team Europe

Gordon F. DuGan

Chairman

Gordon F.DuGan

Mr. DuGan is Chief Executive Officer, a Trustee of the Board of Gramercy Property Trust and Chairman of Gramercy Europe. Prior to joining Gramercy in July 2012, Mr. DuGan spent 22 years at W. P. Carey & Co. Mr. DuGan serves on the Board of Governors of the National Association of Real Estate Investment Trusts. Mr. DuGan received his Bachelor of Science in Economics with a concentration in Finance from the Wharton School of the University of Pennsylvania.

Alistair D. Calvert

CEO

Alistair D.Calvert

Mr. Calvert is CEO of Gramercy Europe Limited, which was formerly ThreadGreen Europe. Mr. Calvert established the original ThreadGreen business in 2006, launching its first fund in 2007, and he subsequently sold it to Gramercy Property Trust in December 2014.  In 2015, under Mr Calvert’s leadership, Gramercy Europe launched Gramercy Property Europe, a net lease fund which now owns assets valued at nearly €1BN.

Michael J. Heal

Managing Director

Michael J.Heal

Mr. Heal is Managing Director of Gramercy Europe Limited, which was formerly ThreadGreen. Mr. Heal co-founded the original ThreadGreen business in 2006 with Alistair Calvert, launching its first fund in 2007. He works across all aspects of Gramercy's business in Europe, but dedicates the majority of his time to new sale-leaseback and net lease investments.

Lorenzo Patrassi

CFO, COO

LorenzoPatrassi

Mr. Patrassi is the CFO & COO of Gramercy Europe Limited, which was formerly ThreadGreen. Prior to joining ThreadGreen, Mr. Patrassi served as Head of Finance and Administration at GWM Capital Advisors LLP which provides alternative investment strategies and manages over EUR 1BN in third party assets. He is fluent in English, French and Italian.

Gregory Vinson

Senior Director

Gregory L.Vinson

Mr. Vinson joined Gramercy Europe in September 2016 as Senior Director Investments.  Previously, he served as Senior Vice President at Gramercy Property Trust in New York where he managed the disposition of over $1 billion in assets as part of a strategic portfolio realignment following the company’s merger with Chambers Street Properties in 2015.  He is fluent in English and Spanish.

Rory Buck

Senior Director Investments

Rory M.Buck

Mr. Buck is a Director at Gramercy Europe focussing on investments. Prior to Gramercy, he worked in the investment team at the UK opportunistic real estate fund Brockton Capital where he split his time between acquisitions and asset management activities. Before Brockton, Mr. Buck worked as an investment professional for Doughty Hanson Real Estate (DHRE), the pan-European opportunistic real estate investor.

Simon Allenby

Director

Simon J.Allenby

Mr. Allenby is a Director at Gramercy Europe and heads the European asset management operations from the company's office in Berlin. Previously, Mr. Allenby worked at CR Investment Management for seven years, where he managed a variety of property portfolios and led the real estate underwriting team on several large scale loan portfolio acquisitions. He is member of the Royal Institution of Chartered Surveyors and is fluent in English and German.

Thorben Schäfer

Vice President Investments

Thorben C.Schäfer

Mr. Schäfer is an Associate in the Investment Team.  Prior to joining Gramercy Europe, he worked as an Analyst at The British Land Company in London.   Mr. Schäfer received his Bachelor of Arts from Cambridge University, where he graduated with first class honours from the Land Economy programme. He is fluent in English and German.

Our Offices

London

LONDON OFFICE

London,United Kingdom

15 Bedford Street
London WC2E 9HE

Tel: +44 (0)20 7647 7500

Fax: +44 (0)20 7647 7501

Berlin

BERLIN

Berlin,Germany

Kurfürstendamm 30
10719 Berlin
Germany

Tel: +49 (30) 886200330

Barcelona

BARCELONA

Barcelona,Spain

Avenida Diagonal 640, 6th Floor
08017 Barcelona
Spain

Tel: +34 (932) 304125