Kildare Partners, the opportunistic commercial real estate fund manager founded by Ellis Short, has hired James MacNamara and Chris Zlatarev to join the new firm’s senior investment team.
Both MacNamara and Zlatarev will join Rupert Fraser and Emer Finnan as Kildare’s four-strong senior investment team with responsibility for sourcing debt and equity investment across Western Europe for its $2bn Kildare European Partners I.
MacNamara and Zlatarev both will report into Ellis Short.
At Mount Kellett, MacNamara was a managing director focusing on European real estate investments, prior to which he was a principal at at Perella Weinberg Partners between 2007 and 2010.
Zlatarev joins from H.I.G./Bayside Capital and is responsible for investment origination across Europe and has been actively investing in real estate and distressed assets for more than 10 years.
Prior to H.I.G./Bayside Capital, Zlatarev worked at Varde Partners and AIG Global Real Estate as a principal investor across equity and distressed debt transactions. During the past year, Zlatarev has led the completion of transactions in the UK, Spain, Italy, Holland and the CEE.
Kildare targets investment in distressed European commercial property loans – sub or non-performing – as well as opportunistic direct asset acquisitions as well as CMBS positions across Western Europe, in particular the UK, Ireland, France, Spain, Portugal and Italy.
The fund’s early investments include:
- the £52m purchase of the 47,853 sq ft Park Street office block in Mayfair from a Danish pension fund advised by Cording Danmerc in October 2013;
- the purchase of a discounted controlling stake in the senior securitised debt stack secured by the UK’s largest hospital transaction, General Healthcare Group, in early 2014;
- the purchase of two shopping centres in Northern Ireland in July for a combined £130m from the wider £735m RBS Project Swallowtail portfolio – the 353,706 sq ft Foyleside centre in Londonderry and the 317,649 sq ft Forestside centre in Belfast.
Kildare Partners declined to comment.