Corporate digest

IReit Global

THE manager of IReit Global has appointed Louis d'Estienne d'Orves as its new chief executive officer (CEO) with effect from Thursday. Mr d'Estienne d'Orves is part of IReit unitholder Tikehau Capital's real estate team. He will be based in London, which will allow him to have direct access to the European real estate market as well as leverage Tikehau's local expertise and network as he plans and implements IReit's investment strategy.

Tikehau recently raised its stake in IReit to 29.2 per cent from 16.64 per cent, while Singapore's City Developments Limited increased its unitholding interest to 20.87 per cent from 12.52 per cent. That brings their combined stakes to over 50 per cent.