Indotek Group has announced that Philip Wood has joined the company as its new Head of International Transactions & Asset Management.
Wood brings over 25 years of experience in the European real estate sector to Indotek. He previously held senior leadership roles at Macquarie Asset Management and GLL Real Estate Partners, where he oversaw a wide range of real estate investment and asset management activities. Most recently, as Head of European Transactions at Macquarie, he led a team responsible for facilitating capital deployment and growing assets under management across European markets. “Under his leadership,” according to Indotek, “his team successfully completed over EUR 1 billion in office, logistics, and retail acquisitions across Italy, France, Spain, and Poland. He also played a pivotal role in developing and executing acquisition and disposal strategies for managed funds and accounts, ensuring long-term value creation.”
Earlier in his career, Philip served as Head of CEE Transactions & Asset Management at GLL, where he was responsible for the overall management of a EUR 1.5 billion portfolio. Indotek reports that he has completed over 60 major transactions worth more than EUR 4 billion across European markets, and says that “he brings deep expertise in deal origination, asset management, and strategic portfolio growth.”
Indotek, which started business in Hungary over 20 years ago, has since expanded across the region. According to the company’s website, its portfolio includes over 30 office buildings and “some 100” logistics parks, industrial halls and warehouses, covering more than 1.7 million square meters of buildable and leasable area. The company also operates more than 20 shopping centers in Budapest and the Hungarian countryside. The properties operated by Indotek accommodate over 3,500 tenants.