UK: BTR investment and operating platform IMMO has appointed former Round Hill Capital executive Chris Chinaloy as chief growth officer.
Chinaloy will work alongside IMMO co-founders Avinav Nigam, Hans-Christian Zappel and Samantha Kempe to help build the company’s strategic relationships with institutional investors such as pension funds and insurers, as well as other potential funding partners including family offices and ultra-high-net-worth individuals.
Before joining IMMO, Chinaloy was the chief strategy officer and head of capital markets at Round Hill Capital.
He said: “The market timing is ideal for acquiring European residential, which remains a solid option for institutional investors seeking an alternative to fixed-income investments. Rental demand is increasing, the supply of rental properties is falling in key markets, while the growing focus on decarbonising existing housing stock is putting pressure on governments and the private sector to find solutions to upgrade the quality of our homes. As Europe’s leading tech-enabled residential investment platform, IMMO has established an early-mover advantage that I will look to capitalise on in my new role as chief growth officer.”
In his new role Chinaloy will take responsibility for the team working with investment products and sourcing institutional capital for IMMO’s key deployment markets of the UK, Spain and Germany.
“Chris is a highly experienced strategist with a proven, impressive track record building teams that have raised significant institutional capital for the residential real estate market. His breadth of experience across established businesses, private equity, real estate, and tech start-ups makes him a unique fit for IMMO’s mission to disrupt the European residential real estate market with technology – removing the traditional barriers of poor, opaque data that barred institutions from accessing the majority of residential stock in Europe. With the market as volatile as it is, it is a crucial time for us to spread our message and hone-in on executing our game plan. Having the right people on board plays a huge part in that,” said Zappel, founder and CEO of IMMO.
