About Us

INTERNOS was founded by Jos Short and Andrew Thornton in May 2008. Both have a strong track record in international real estate investment having previously held senior positions with Pramerica and Invesco respectively. The Lehman Brothers collapse in 2008 was the backdrop to the first year of the Company during which it had recruited the nucleus of a strong executive team.

After September 2008, virtually no new real estate funds were launched in Europe or North America and the team concentrated on manager replacement opportunities.

Most significantly, INTERNOS joined the bidding in late 2009 to acquire (at a nominal fee) the Australian GPT group’s European fund business as it made a strategic decision to exit Europe.

Competing with up to 40 of its peers and having to convince both GPT and the larger fund investors of its credentials, INTERNOS was successful and took over GPT Halverton in December 2009. This gave a vital platform of approximately €1.5 billion assets under management and a team with on the ground expertise in Germany and the Netherlands as well as a highly reputed fund management and structuring team in London and Luxembourg.

Since 2009 INTERNOS has grown through winning new mandates from single clients, achieving new fund closings and success in manager replacement bids, to now being responsible for €2.75 billion of assets under management and administration, having grown the team to over 100 real estate professionals with offices in eight countries.


INTERNOS was founded by Jos Short and Andrew Thornton in May 2008. Both had been top managers in international real estate investment for large American corporations for some time – Pramerica and Invesco respectively. The Lehmann Brothers collapse in 2008 was the backdrop to the first year of the Company during which it had recruited the nucleus of a strong executive team.


INTERNOS’ successful growth over the last decade is a result of the fact that our offerings are driven first and foremost by the needs of our clients. Whether it is a separate account, a commingled fund, a listed vehicle or a manager replacement mandate, our approach always begins by gaining a deep understanding of our clients’ requirements: asking probing questions and listening intently to the answers.

Our Investors

Our 80 clients include many of the world’s leading institutions including investors from North America, The Middle East and Asia-Pacific regions as well as Europe.

Manage to Core™

Manage to Core™ is part of a process of habitual and constant review of the assets we manage – only credible as part of our ‘feet on the ground’ policy working towards asset and sale optimisation.

Andrew Thornton

Andrew Thornton

Founding Member

Andrew Thornton, together with Jos Short, founded INTERNOS Global Investors in 2008. As CEO, Andrew is responsible for driving forward the business and delivering performance from our funds under management. Andrew has led key business initiatives including the acquisition of GPT Halverton and CommerzReal Spezialfonds, securing manager replacement mandates and structuring fund transformations.

Previously, Andrew was one of the founders and ultimately Chief Operating Officer of Invesco Real Estate in Europe, a business formed in 1997 as Parkes and Company. From 1993 to 1996, with developer Lend Lease, he was involved in the viability study, site acquisition and eventual development of Bluewater, one of Europe’s leading shopping centres. He joined Lend Lease from Weatheralls where he valued, leased and transacted properties across England and Central London.

Andrew has a degree in Economics and Land Economy from Cambridge University and holds an MBA. He is a Fellow of The Royal Institution of Chartered Surveyors, a Chartered Fellow of the Securities and Investment Institute and a Fellow of the Chartered Institute of Marketing.

Jos Short

Jos Short

Founding Member

Jos Short, together with Andrew Thornton, founded INTERNOS Global Investors in 2008. In 2009 they jointly led the acquisition from GPT, and subsequent integration into INTERNOS, of the Halverton real estate investment management business. From 2000 to 2007, Jos was CEO of Pramerica’s real estate private equity business, where he founded four funds, the last of which raised $700 million of equity. These funds were involved in many noteworthy real estate transactions across Europe and included important pioneering and performing investments in counter-cyclical assets such as self storage and senior housing.

From 1998 to 2000 Jos was with Lazard Bros initially as head of the 18 man property division running three funds. Disposing of this business for Lazards, he went on to run their M&A unit in European real estate. From 1991 to 1998 with Barings, he became head of the team responsible for securitisations, banking and corporate finance for European real estate clients.

From 1986 to 1991 with SG Warburg, he was first responsible for capital markets, bond issues, commercial paper and MTN programs for Japanese subsidiaries in Europe and in his last three years, in the real estate team, for devising structured banking and bond issues for the UK property sector. He joined Warburg’s from American National Bank and Trust Co of Chicago.

Jos has a degree in banking and finance from Loughborough University of Technology and is a member of The Chartered Institute of Bankers.

Richard Peskin

Richard Peskin

Founding Member

From 1967 until 2009, Richard Peskin was with Great Portland Estates plc (“GPE”), one of the leading U.K. REITS. During that time he was successively Director, Joint Managing Director, Executive Chairman and Non-Executive Chairman. He was instrumental in leading the diversification into regional shopping centres during the early nineties and a return to concentration on central London commercial property from 2000 onwards. Due to this strategic move, GPE was able to benefit from the growth in metropolitan values, which the current management has continued to enhance. In his 42 years with the company (40 years of which were as a Director), GPE was the most successful property company in the quoted sector with cumulative shareholder returns of 11.9% per annum over the period.

In 2009, he became Chairman of the Management Board of INTERNOS, where he was already a founding Capital Partner. Richard Peskin’s experience of managing a large commercial real estate portfolio through economic cycles is considerable and of special value to INTERNOS. He was a Non-Executive Director of The London Board of Royal & Sun Alliance (1990-2009), a member of The General Council of The British Property Federation (1999-2005) and The Estates Committee of The MCC (1999-2005). He is currently a consultant to Farrer & Co.

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