Residential proptech platform IMMO has bolstered its team with two new senior hires.
Andrew Lockett has joined the business as global head of asset management and Tim Lasys has joined IMMO as head of German acquisitions.
Lockett has nearly two decades of real estate and asset management expertise and previously held roles at Lehman Brothers, Morgan Stanley, HIG Capital, Round Hill Capital and Aldar Properties.
In his new role, he will take operational responsibility of IMMO’s residential property portfolio, focused on maximising asset value through strategic oversight, ensuring strong financial returns and supporting IMMO’s expansion across Europe.
Lasys has 40 years of real estate experience, having held senior management roles at d.i.i, brdn, Commerz Real, Catella and DZ Bank Group. In his new role, he will focus on the acquisition of real estate opportunities, largely residential, in Germany, a key market for IMMO.
Lockett said: “It’s an absolute pleasure to join the team at IMMO. The company’s focus on connecting institutional investors with large scale residential opportunities is an exciting opportunity to make widespread changes across European housing markets.
“We need to approach housing investment differently and think strategically and intelligently about how investment strategies can benefit not just the investor, but all stakeholders. Innovative, fit-for-purpose proptech platforms like IMMO will lead this endeavour. I am excited to contribute to positive projects for our sector, at a time when the state of housing is primed for widespread change and improvement.”
Lasys added: “It is IMMO’s vision to facilitate larger, more lucrative, ESG-focused residential investment opportunities that attracted me to the role. I wholeheartedly believe the technology-led capabilities of the IMMO platform, combined with the market-leading investment and real estate expertise within the company, can enable institutional investors to invest in brown-to-green opportunities whilst capitalising on this unique moment in the cycle. I am excited to join a company that has a positive vision of real estate’s future, at a time when the sector requires urgent intervention.”
Hans Christian-Zappe, CEO of IMMO, said: “Tim and Andrew’s appointments come at a crucial time for IMMO, when sector stakeholders, from investor to tenant, look to the innovative solutions of proptech to solve long-ingrained issues across European housing markets. We’re confident their wealth of industry knowledge and practical experience, individually and combined, can help us reach the ambitious growth targets we have in place, all of which will benefit our customers and the real estate sector at large.”
Samantha Kempe (pictured), CIO of IMMO, added: “With the reduction in interest rates this year, investors are seeing a unique investment opportunity within the residential sector. We are excited to be working with some of the leading global investors to deploy large volumes of capital over the coming months and years. With Tim and Andrew onboard, we continue to strengthen our investment and real estate capabilities, whilst developing our synergies between real estate and technology.”
