Kajima Properties appoints investment manager to strengthen its European operations

Daniel Bumpstead, Kajima Properties

Kajima Properties, the European investment and development arm of the Kajima Corporation, has appointed Daniel Bumpstead, an experienced property investment professional, as European Investment Manager. Daniel’s experience across European real estate capitals markets will help accelerate Kajima’s expansion of its European property business, in particular in the Central and Eastern European (CEE) region.

As an Associate Director within the EMEA Capital Markets team at JLL, the global real estate services firm, Daniel built experience across multiple real estate sectors and worked with some of the business’s largest clients. He developed strong insights into formulating investment strategies and successful advised clients to identify new markets and opportunities while also managing key portfolios and risk assessment.

While at JLL, Daniel provided key buy side advice in both public and private markets on some of the largest transactions in Europe, delivered high level financial modelling, tenancy schedules and site visits to clients, and co-ordinated the sale of over €500million worth of assets in Central and Eastern Europe. His broad property and real estate capital markets expertise makes Daniel a strong addition to Kajima’s already highly-capable property team and will help the firm win new project and transactions.

Earlier in his career Daniel was a senior analyst in JLL’s industry leading CEE Capital Markets team, including a period being based in Prague, and this expertise and experience will help Kajima expand its operations in the region, where it has built up a strong track record of successfully completing projects in recent years.

Kajima is targeting investment in a range of countries and sectors across Europe, with a major focus on logistics in Poland, Germany and the Czech Republic, where the company has invested in €250m of projects in the past 24 months, as well as the build-to-rent and student accommodation sectors.

CEE is increasingly becoming a highly attractive region, with levels of investment in the industrial sector close to €2.25 billion in 2017, and overall investment flows into CEE at an all-time high of €13.1bn in 2018.

A key factor behind these investment flows, is the strong performance of the CEE countries’ economies, which are amongst the most dynamic in the EU, with regional annual growth estimates at 4.3% year-on-year at the start of 2019, far outpacing projections for Western Europe.

John Harcourt, Head of Property, commented:
“Dan is a great addition to the team. His broad European property capital markets experience, in particular in Central Europe, and his work on some pretty high-profile and complex transactions is an invaluable addition to the team, and I’m looking forward to him helping us build on our fantastic successes in 2017 and 2018.”

Daniel Bumpstead, Investment Manager, commented:
“I am very excited to be joining such a renowned global property business as Kajima. My experience and expertise of working across multiple real estate asset classes in Europe and Central and Eastern Europe, a key area for Kajima, will hopefully be valuable and helpful, as it looks to expand its operations across the region.”