European logistics warehouse specialist Delin Property has appointed property industry veteran Tom Wattles as CEO.
Wattles, who co-founded Prologis and DCT Industrial Trust, replaces Rob Reiskin, who will remain a member of the company’s board. More recently, Wattles was a member of Advance Real Estate’s board.
Graeme McFaull, chairman of Delin Property, said: “Tom has an outstanding pedigree in establishing and scaling up real estate platforms. He knows Delin Property intimately through his boardroom role over the past two years, making him the ideal person to take over the reins as great opportunities emerge in the logistics sector. I want to thank Rob for his valuable contribution to our growth trajectory. He has installed an institutional rigour at Delin Property so we are in the best position to achieve our ambitions. We look forward to his continued support.”
Wattles added: “Scaling up businesses is what I like to do and I’m excited to be working with the team. I’ve made a long-term commitment to stay at Delin Property, a company with tremendous capabilities in creating and adding value as an owner, developer, operator and investment manager of logistics warehouses. These qualities will be key to its growth going forward.”
Reiskin said: “Tom joined the board at Delin Property soon after I became CEO. Given his vast experience and knowledge of Delin Property, I can think of no better person to succeed me. His willingness to take on the role has aided my decision to return to the US. Importantly, my transition from CEO to board member will allow me to continue to help advance Delin Property’s growth, albeit from a different vantage point.”
