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TH RE appoints Neptune fund manager

By Paul Norman - Thursday, December 07, 2017 11:26

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TH Real Estate has appointed Charlotte Ashworth as Fund Manager for Neptune, a joint venture between TIAA and NEINVER.

Located in the London office, Ashworth will undertake the asset management, business planning, debt/finance strategy, structuring, acquisitions and the overall operational relationship on behalf of the Fund.

She joins from Cushman & Wakefield where she worked in the cross-border retail investment team. Prior to this, she was a Portfolio Manager at NEINVER in Madrid, working on the IRUS Fund.

The Neptune JV was created in 2014 to acquire prime outlet malls across Europe. The portfolio now consists of 13 assets, four of which are located in Poland, with a further five in Spain, two in Italy and one in France.

Carl White, Head of Retail Investment, TH Real Estate, said: “Charlotte’s extensive sector specific expertise and prior experience managing outlet malls at NEINVER, makes her the ideal fit to manage the Neptune Joint Venture. She also brings a pan European perspective and a deep understanding of the retail investment market from her time at Cushman and Wakefield, and can apply that knowledge across the portfolio.”

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