Frederic Celdran joins Paris office

Standard Life Investments, one of the largest property fund managers in Europe, has recruited the first European Development Manager for its Paris operation.

Bringing the total number of staff at its Avenue Hoche headquarters to five, Frederic Celdran, 47, starts in September 2008 and will report to Edinburgh-based Investment Director, Danny McHugh, who heads the global property development team.

Celdran, who is a graduate of the Ecole des Ingenieurs de la Ville de Paris and an ICG graduate in corporate strategic management, is currently Deputy Managing Director of Meunier's development and large-scale project department for the Paris region.

Commenting on Celdran's appointment, Danny McHugh said: "I am delighted that Frederic has agreed to join our expanding team in the Paris office.

We were particularly impressed by his breadth of development experience with Meunier.

Frederic will take on local responsibility for our growing development portfolio across Europe that currently has a value of @600 million and I believe he will be a tremendous asset to the team." Standard Life Investments opened its first European real estate office in July 2007.

It chose Paris because it is one of the most significant business centres in continental Europe and is well-placed geographically to facilitate the anticipated increase of business across the continent.

It currently manages more than @1.5bn of property in France, Spain, Germany, Belgium, Portugal, Sweden, Poland, Hungary and the Czech Republic.

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