In This Section EUROPEAN REAL ESTATE OVERVIEW HMC entered the European real estate market in 1998 when it managed an affiliate’s participation in one of the first large real estate privatization transactions in Sweden. To date, HMC or its affiliates have successfully completed over €3.6 billion of acquisitions across Europe including the United Kingdom, France, Germany, Spain, Scandinavia and the Netherlands. HMC’s European real estate investment team seeks to identify opportunities across sectors and jurisdictions which exhibit high-quality cash flows, locations and structural integrity. Typically pursuing investments with equity requirements between €25 million and €100 million, the team looks for properties where value can be added by injecting both capital and development or operational expertise. INVESTMENT TEAM Scott D. O’Donnell Vice President & Senior Managing Director Roque I. Rotaeche Principal (Madrid) Eric R. Desautel Principal (Paris) David King Principal (London) Ryan Benevides Vice President - Portfolio & Asset Management G. Huw Davies Vice President & Head of Asset Management Howard Hill Vice President of Asset Management Carolina Clemente Vice President Arturo Gross Vice President James Humphrey Senior Associate Yasmine de Moussac Associate Lionel Amzallag-Asch Associate Tara Xuereb Finance Director Justin Christie Finance Manager Harry Roskilly Finance Manager INVESTMENT CRITERIA HMC’s European real estate investment team seeks to diversify across asset classes, markets and investment risks. We endeavor to focus upon real estate fundamentals and to add value and minimize risk through structuring and by employing our understanding of the development, operation and management of real estate. Our team attempts to understand the key risks of each transaction and to transform those risks into opportunities to unlock value. Throughout Europe we continue to invest with an emphasis on office, light industrial and warehouse, retail/mixed use and residential. We typically seek: Transaction size: typical equity requirements between €25 million and €100 million Markets: demonstrating solid infrastructure, economic diversity, and the prospect for growth Local operating or development partners: with solid experience and track record in the local market and in the specific sector targeted Infill locations: demonstrating high barriers to entry Value-add opportunities: including repositioning of existing assets or new development Pricing inefficiencies: financially distressed assets or assets in out-of-favor sectors and markets PORTFOLIO Current Portfolio Harbert European Real Estate Fund V, LP Harbert European Real Estate Fund IV, LP Harbert European Real Estate Fund III, LP Harbert European Real Estate Fund II, LP Harbert European Real Estate Fund BV NEWS April 26, 2019 - HEREF – Project Bishop Sold April 10, 2019 - HEREF – Globus Takes Last Unit at Trafford Point April 10, 2019 - HEREF – Clifford Chance Advises Harbert European Real Estate on Acquisition of Düsseldorf Office Ensemble Duo April 10, 2019 - HEREF – Habaneras Shopping Center May Change Hands Again April 10, 2019 - HEREF – B8RE Lets Spec Trafford Park Shed March 13, 2017 - HEREF: Harbert-Welwyn-Environment-Agency-Letting March 2, 2017 - HEREF – Harbert/XLB bag biggest office letting in M3 corridor in five years in Farnborough November 14, 2016 - HEREF – Trafford Point spec shed secures first letting October 5, 2016 - HEREF – GFKL Lowell Group expands at Leeds Valley Park December 4, 2015 - HEREF – Harbert/XLB clock in Time Inc for London relocation June 17, 2015 - HEREF – Aetna agrees a lease at Farnborough Business Park January 23, 2015 - HEREF – Harbert/XLB complete Project Emperor UK business parks buy July 15, 2014 - Lothbury Buys At Trafford Park April 14, 2014 - Farnborough Business Park Fully Let January 13, 2014 - PBB Finances Harbert’s Diamond Retail Portfolio Win November 5, 2013 - XLB and Harbert to Spec Farnborough Offices August 19, 2013 - Harbert Announces Sale of a Prime Multi-Let Industrial Estate to Lothbury Property Trust June 13, 2013 - European Real Estate – Distressed Opportunities in a Value-Add Market April 4, 2013 - HMC European Fund Ranked Third in Private-Equity Fundraising for Real Estate March 20, 2013 - Harbert Announces Sale of Chiswick Tower to Hermes Real Estate January 31, 2013 - HMC Ranked as one of the Most Consistent Performing Real Estate Investment Managers January 24, 2013 - HMC Raises $522 (EUR 405) Million for Third Pan-European Real Estate Opportunity Fund CONTACT HARBERT EUROPEAN REAL ESTATE LONDON OFFICE Brookfield House, 5th Floor 44 Davies Street London, UK W1K 5JA Contact: David King dking@harbert.net +44 207 408 4120 MADRID OFFICE Pinar, 5 Madrid 28006 Spain +34 91 745 6859 PARIS OFFICE 29 rue de Bassano 75008 Paris France +33 (0)1 76 73 28 00 © 2021 Copyright Harbert Management Corporation Important Disclosure Information | Privacy Statement | Business Continuity Plan | Form CRS 2100 Third Avenue North, Suite 600 Birmingham, Alabama 35203 205.987.5500