IREIT Global has appointed Louis d'Estienne d'Orves as the CEO of its manager.

He replaces Aymeric Thibord, who stepped down from his position on 23 April.

d’Estienne d’Orves joined Tikehau Capital’s Real Estate team in November 2018.

As executive director, his responsibilities included sourcing and executing deals across Europe in the office, retail, hotel, and residential sectors, securing external debt financing and capital raising for co-investment opportunities and funds.

Before joining Tikehau Capital, d’Estienne d’Orves spent 11 years at AXA IM Real Assets, most recently as the Co-Head of European Transactions – Special Situations.

He holds a master's degree in Asset Management from Paris Dauphine University.

Tikehau Capital and City Developments Limited have recently increased substantially their respective unitholding interests in IREIT, bringing their stakes to over 50% in aggregate.

IREIT Global is a REIT listed in Singapore with an investment mandate of investing, directly and indirectly, in a portfolio of income-producing real estate in Europe.

The REIT’s properties are used primarily for office, retail and industrial purposes.

IREIT's current portfolio comprises nine office assets in Germany and Spain valued at about EUR630 million as at end-2019.