Private equity firm KKR & co. appointed former Prudential Plc (PRU) property unit director Martin Moore as senior adviser for real-estate affairs, confirmed the company in a statement. The move came as the New York-based firm sought to further strengthen its investment on real estate in western Europe.
Moore, 56, retired the previous month as head of Prudential's M&G Real Estate section, a position he held for 12 months after acting as managing director of the branch since 1996.
"Martin has built, over many investment cycles, a great knowledge and understanding of the real estate business, especially in the U.K.," KKR Europe real estate director Guillaume Cassou commented in the statement.
KKR considering "a number" of possible property deals, Cassou hinted.
The buyout company is increasing its launching real estate fund after concluding its first European property purchase. It has recently acquired 430,000 square feet (40,000 square meters) worth of retail warehouses located in the U.K. from Resolution Plc for an unspecified amount.
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