Dublin 30 January, 2013 – Pepper Asset Servicing (Pepper) has appointed Brian Berg to the new position of Head of Commercial Real Estate, as part of the company’s expanding Irish operation, it was announced today.
This follows an announcement made by Pepper earlier this month that the company has been appointed by CarVal Investors to provide special servicing, master servicing and asset management on the €380 million Pittsburgh portfolio of Irish loans CarVal Investors acquired from Lloyds last month. Pepper has made a €3 million co-investment alongside CarVal Investors in the portfolio, marking the company’s first investment in an Irish commercial property portfolio. The project also signifies a new strategic alliance with Irish commercial real estate management firm, Arrow Asset Management.
As well as contributing to the management of this portfolio, Brian will be responsible for ensuring best practice in the management of all commercial real estate assets and portfolios managed and serviced by Pepper in Ireland.
Commenting on the appointment, Paul Doddrell, CEO of Pepper in Ireland said: “We’re delighted to welcome Brian on board as part of our expanded and strengthened asset management and commercial real estate team in Ireland. Brian joins the company at a very significant time, on the back of Pepper’s first major commercial real estate management contract win and he will play a key role in helping to position Pepper as a best-in-class, pan-European loan servicing and real estate asset management operation.”
Brian holds an honours degree in Property Economics from the Dublin Institute of Technology and specialises in implementing asset strategies and completing commercial property transactions. Brian has vast experience of Irish and international property markets having managed and disposed of numerous retail driven schemes and investments in Ireland, the UK, US and Belgium and recently portfolio managed a number of prime commercial and residential property portfolios in Ireland, the US, Belgium, France and the UK.
Throughout the course of his career, Brian has specialised in the acquisition and disposal of commercial properties, property development, valuations and development appraisals as well as working with property development and investment companies as an Asset and Development Manager.
Pepper Asset Servicing was established in September 2012 when the Pepper Group acquired the share capital of GE Capital Woodchester Home Loans Limited, including approximately 3,500 Irish mortgage accounts and €600 million in receivables. At the time the company also assumed responsibility for the servicing of GE Capital’s Irish portfolio of personal, small enterprise and auto loans.
For further information please contact:
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Ben Valdimarsson |
Sinead Moore |
APPOINTMENT NOTICE (Movers and Shakers – Sunday Business Post)
Name: Brian Berg
New Role: Head of Commercial Real Estate
Company: Pepper Asset Servicing
Last role: Asset and Investment Manager
Company: ECA Capital
Number of years: 2 years
Position before that: Development Manager
Employer (if different): Shelbourne Development Limited
Number of years / months: 4 years 6 months
APPOINTMENT NOTICE (General)
Name: Brian Berg
New Role: Head of Commercial Real Estate
Company: Pepper Asset Servicing
Responsibilities: Brian will be responsible for ensuring best practice in the management of all real estate assets and portfolios managed and serviced by Pepper in Ireland.
Experience/Qualifications: Brian holds an honours degree in Property Economics from the Dublin Institute of Technology. Brian has vast experience in Ireland and abroad
Previous position/role: Investment and Asset Manager, ECA Capital