European logistics warehouse specialist Delin Property has appointed real estate industry veteran and Board member Tom Wattles as Chief Executive Officer.
Wattles replaces Rob Reiskin, who will remain a member of the company’s Board.
Graeme McFaull, Delin Property’s Chairman, said: “Tom has an outstanding pedigree in establishing and scaling up real estate platforms. He knows Delin Property intimately through his boardroom role over the past two years, making him the ideal person to take over the reins as great opportunities emerge in the logistics sector. I want to thank Rob for his valuable contribution to our growth trajectory. He has installed an institutional rigour at Delin Property so we are in the best position to achieve our ambitions. We look forward to his continued support.”
Delin Property is the fourth industrial and logistics platform in which Tom has been closely involved, the company said. ”As a member of Advance Real Estate’s Board since 2021, he has supported the Mexico City-based company up to its sale last month. He co-founded Prologis, later becoming its Co-CEO and Chairman. He also co-founded DCT Industrial Trust and grew the business until its $8.4 billion purchase by Prologis in 2018.”
Tom Wattles has sat on the boards of other real estate companies including Regency Centers, Columbia Property Trust and Security Capital European Realty, bringing the experience he gained across the globe since 1978 in real estate investment, development and asset management. From 1991 until the company’s sale in 2002 he was Managing Director and subsequently Chief Investment Officer of Security Capital Group, the largest shareholder of 18 private and public real estate operating platforms.
Tom Wattles said: “Scaling up businesses is what I like to do and I’m excited to be working with the team. I’ve made a long-term commitment to stay at Delin Property, a company with tremendous capabilities in creating and adding value as an owner, developer, operator and investment manager of logistics warehouses. These qualities will be key to its growth going forward.”
Rob Reiskin said:”Tom joined the Board at Delin Property soon after I became CEO. Given his vast experience and knowledge of Delin Property, I can think of no better person to succeed me. His willingness to take on the role has aided my decision to return to the U.S. Importantly, my transition from CEO to board member will allow me to continue to help advance Delin Property’s growth, albeit from a different vantage point.”
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