Valad, the European multi-let real estate investment manager, has announced that Thomas Gurski is heading up its new office in Düsseldorf.

Gurski, senior asset manager, is working alongside asset manager, Konstantin Harnacke.

The location at Heltorfer Straße 6 in Düsseldorf takes Valad's German presence to five local offices.

The office opened on 1 August 2011 to serve tenants in Region West, which includes the metropolitan Rhein-Ruhr area, where Valad manages approximately 300,000 m2 of real estate, as well as the greater Frankfurt region.

The new office was established following a strong six-month period of lettings activity for Valad in Region West during which approximately 54,000 m2 of space was let, including 23,000 m2 in lease extensions and renewals.

Valad has a team of 30 in Germany, operating out of offices in Berlin, Frankfurt, Munich Hamburg and now Düsseldorf, who manage approximately EUR 1 bn of assets and 1,400 tenants, on behalf of four of Valad's 15 funds.