GARBE Industrial Real Estate GmbH (“GARBE”), one of the leading developers, providers and managers of logistics and light industrial assets in Germany and elsewhere in Europe, is strengthening its executive team by appointing Tom Herrschaft as the new Head of Real Estate Management.
In this role, he will be responsible for controlling the portfolio management across Germany and continuing its strategic development. Herrschaft will directly report to Andrea Agrusow, Managing Director of GARBE Industrial. As Head of Real Estate Management, he will be in charge of five regions with six branch offices in Germany. In total GARBE Industrial is responsible for a portfolio of over 230 properties with a combined floor area of around seven million square metres.
“In Tom Herrschaft we found an executive with international experience for our real estate management who will keep driving our growth trajectory. His expertise in real estate management will help us optimise value creation in portfolio management in a pinpoint manner and ensure sustainable rent revenues,” said Agrusow.
Herrschaft has comprehensive experience in the real estate sector. In his most recent job, he served as Head of Retail at Commerz Real and managed a global portfolio in a volume of more than three billion euros. Before that, he held senior position at Hudson’s Bay Company/Galeria Kaufhof and also served as a member of the supervisory board of Galeria Logistik. He began his career at Goldman Sachs Asset Management. His expertise includes in particular the analysis of value drivers in asset management, as well as the strategic alignment and optimisation of real estate holdings.
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