Dubai-based real estate fund manager, Ellington Capital, has appointed Simon Townsend as chief executive.
Townsend will be charged with driving the company’s growth and identifying property investment opportunities both locally and internationally.
One of Townsend’s first jobs will be overseeing the launch of the Ellington Opportunities Fund I, which the firm describes as the first real estate fund in the Middle East to offer investors access to developer project returns.
The newly launched firm is a subsidiary of Dubai real estate developer, Ellington Properties.
Townsend was previously involved in helping to set up property management firm CBRE’s Middle East practice, focusing on advisory, consulting, valuation and investment service lines.
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