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.
Existing leased properties and portfolios, build-to-suits and forward commitments / development funding, sale-leasebacks
Logistics, light industrial and manufacturing, special purpose assets (eg. cold storage, food processing etc.)
Focus on strong, durable tenants, will consider investment grade, non-investment grade and unrated tenants
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
15 million EUR or higher
Europe (predominantly Germany, the Netherlands, France, Nordics, Spain, Poland)
Typically single tenant
Amazon LilleLille, France
Reifen GundlachDurrholz, Germany
Kuhne & NagelUtrecht, Netherlands
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.
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.
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.
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.
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.
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.
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.
Mr. Strang joined Gramercy Europe Limited in January 2015 and is an Associate in the Investment Team. Prior to Gramercy he was an Analyst in J.P. Morgan Cazenove’s Investment Banking Department, where he covered diversified industrial companies, and subsequently the mining sector. Mr. Strang received his Master of Engineering degree from New College, Oxford University, where he graduated with first class honours.
Mr. Bäume is an Associate in the Investment Team at Gramercy Europe. He previously worked in the US and in Europe in corporate strategy, mergers & acquisitions and fixed income. Mr. Bäume received a Bachelor of Arts in Economics from the University of Pennsylvania, where he graduated magna cum laude. He is fluent in English, German and French.
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.