Responsible for oversee the asset and investment management activities, Czarnetzki will report to Russell Jewell, Head of Private Equity Funds at AEW Europe. Besides his news functions, Czarnetzki will retain his role as fund manager of Europe Value Investors which also has investments in Madrid.
In the last two years, AEW has completed four acquisitions in the Spanish market representing a total value of €153 million. These acquisitions bring AEW's total assets under management in Spain to €343 million, and have been made on behalf of a number of core and value add funds and mandates.
Within the next few years, AEW targets to increase the assets under management in Spain to more than €500 million.