Guillaume Poitrinal, former Unibail-Rodamco SE (UL) chairman and chief executive officer, plans to set up a property fund with JPMorgan Chase & Co. (JPM) real estate analyst Harm Meijer, two people with knowledge of the matter said.
Information about the fund and what it will invest in will be announced early next year, said the people, who asked not to be identified because the matter isn’t yet public. The fund may have a third founding partner, they said.
Poitrinal, 45, ran Unibail-Rodamco, the largest European real estate investment trust, from 2005 until he stepped down in April. The Paris-based company operates malls in 12 countries. Poitrinal didn’t respond to a text message requesting comment and his phone was busy.
Meijer has been the top-rated European real estate analyst in the annual Thomson Reuters Extel ratings for the past five years. Meijer declined to comment on his role with the fund.
Tim Leckie was appointed to succeed Meijer as head of JPMorgan’s team of European real estate analysts today, one of the people said.
The news was reported earlier today by CoStar Group Inc.
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