BlackRock is beefing up its European real estate debt group with the appointment of former Barclays Capital director Christoph Wagner.
Wagner used to work in the Barclays CMBS team with Christian Janssen, first in origination and underwriting, and latterly restructuring.
BlackRock wants to increase its investment in senior and mezzanine debt, which it started in 1998.
Robert Karnes, global head of the real estate debt business, said BlackRock was “looking to capitalise on increased demand for real estate debt. Regulatory changes such as Solvency II will only continue this trend.”