Pascal Duhamel was appointed as Abu Dhabi Investment Authority's head of European real estate investments, according to spokesman Erik Portanger.
The position is new. Based in Abu Dhabi, Mr. Duhamel will report to Bill Schwab, global head of real estate at ADIA.
While ADIA does not provide data on its total assets, the Sovereign Wealth Fund Institute estimates that the fund has about $627 billion in assets. The target allocation to real estate is 5% to 10% of the overall portfolio.
Mr. Duhamel was CEO of Carrefour Property, the real estate unit of Carrefour SA, from July 2008 until November 2011. Prior to that, he was managing director at Morgan Stanley Real Estate in charge of real estate funds in France, Spain and the Benelux region, as well as core European real estate funds.
Information about Mr. Duhamel's successor at Carrefour was not available by press time.
