He will take over the reins from Silvio Estienne and Bruno Cohen, who have left the management team. “Etienne Marcot is a bona fide real estate expert, and we are so pleased that he has agreed to continue the direction our Paris-based subsidiary has taken and to continue growing our business there”, said Klaus Schmitt, COO of PATRIZIA Immobilien AG. The French subsidiary manages the activities of the PATRIZIA Group on the French and Belgian market.
Etienne Marcot has 30 years of experience in the real estate industry. Most recently, he worked for the pan-European financial services provider N+1. In his role as the CEO of “N+1 REIM”, he handled the asset and investment management for the real estate business of the listed group. From 2007 to 2014, he was a partner and the CEO of STAM Europe, an independent asset and investment management company based in Paris. Prior to that, this graduate of the Institut d'Etudes Politiques in Paris held leading positions in different companies specialising in asset and investment management such as La Française REM, Gecina, or Constructa.
“I would like to thank Silvio Estienne and Bruno Cohen for laying the groundwork. Without their work and commitment, it would not have been possible to establish our subsidiary PATRIZIA France, which currently manages real estate assets in the amount of approximately EUR 700 million, in the market”, said Klaus Schmitt.