New York-based Madison International Realty has announced the appointment of Alex Lukesch as the new head of its London office. Lukesch, who previously sewed as a vice president on the firm’s investment team in New York, is replacing former Lehman Brothers real estate executive Sean Kelly-Rand, who ran Madison‘: London branch from its opening in 2010 to his departure last year.
In his new position, Lukesch will primarily be responsible for the sourcing, underwriting and execution of Madison’s equity transactions in the UK and Ireland, including all aspects ot financial analysis, transaction structuring and property due diligence.
“The issue is we need to closely manage the deal tlow in London and the UK,” Madison Intenational president Ron Dickerman told PERE. “We want to get closer to the action in London, and there’s no substitute for having boots on the ground. Alex has a really keen insight as far as the players in London and our transactions in the pipeline there.”
Madison Intemational is coming oft of a busy 2013, according to Dickerman. The firm made seven investments totaling $350 million last year, including five in Europe and one in London, as well as making several exits. He said he expects the finn’s pipeline in 2014 to be “equally as busy.‘