Jos Short – Executive Chairman (Chairman)

Jos Short

Executive Chairman (Chairman)

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. In 2013, they jointly led the acquisition and subsequent integration of Commerz Real Specialfonds from Commerzbank. Today, INTERNOS has €2.75 billion AUM with over 100 people located in eight European offices and five funds currently open for investment. The business is growing and actively looking for interesting investment opportunities.

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 person 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.

Andrew Thornton – Chief Executive Officer

Andrew Thornton

Chief Executive Officer

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.

Richard Peskin – Non-Executive Chairman

Richard Peskin

Non-executive Chairman

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.

Jochen Schaefer-Suren - Head of Hotel & Leisure Division


Jochen Schaefer-Suren

Partner, Head of Hotel & Leisure Division

Jochen Schaefer-Suren joined INTERNOS as a Partner and Head of the Hotel & Leisure Division in January 2011. Previously he held a similar position at Invesco Real Estate and was also a member of Invesco Real Estate’s Global Executive Committee and Investment Committee. Whilst at Invesco he designed, raised capital for and managed Invesco’s first hotel real estate fund for institutional investors, like Generali and Allianz. For this fund he was responsible for the acquisition, financing and asset management of a diversified pan European hotel portfolio worth about €700 million. From 2006 this fund achieved excellent results achieving target dividends every year and stable NAV in 2010. Whilst at Invesco, he also managed separate sales, financing or investment management mandates including one of €300 million for Generali for hotel investments.

Previously Jochen advised Club Med on their strategy and acquisitions outside their core resort business. From 1995 to June 2000, he was at Lazard in charge of M&A in hotels and leisure. During this period he was involved in sales and acquisitions totalling over £1 billion including 8 hotels of Trusthouse Forte’s Exclusive Hotel collection (such as George V Paris, Hyde Park London and Plaza Athenee hotels in Paris and New York), 61 Holiday Inns in the US and Taj hotels in the USA as well as acting as strategic advisor to the Tata group India, owner of Taj Hotels.

In 1994-95, he was in charge of global hotel development for Forte Hotels including the acquisition of Meridien Hotels for £200 million. From 1993 to 1994, Jochen was VP Development, Hilton Hotels, responsible for the Americas and Western Europe. From 1987 to 1993, he first worked as Assistant VP and then VP Development of Meridien Hotels in New York and then Paris.

Jochen holds a Masters in Hotel Business Administration from Cornell University, New York and read Law at the University of Heidelberg, Germany.


Roger Lees – Chief Financial Officer

Roger Lees

Chief Financial Officer

Roger Lees is the Chief Financial Officer for INTERNOS, with overall responsibility for financial management, fund and client accounting, risk management and compliance.

Roger has more than 25 years’ experience in the real estate industry. He joined INTERNOS in June 2015 from Aviva Investors, where he was Finance Director, and then Chief Operations Officer, for Aviva’s global real estate investment management business, with responsibility for financial, operational and risk management. Prior to that, he spent 12 years at Schroder Property Investment Management, initially as Chief Financial Officer and subsequently as Chief Operating Officer. Previous appointments have included various roles at Lend Lease, Broadgate Properties and PWC.

He has a law degree and is a member of the Institute of Chartered Accountants.


Giles Smith – Head of Fund & Asset Management

Giles Smith

Head of Fund Management

As Head of Fund Management, Giles Smith is responsible for asset and fund management services provided by INTERNOS. A Chartered Surveyor with 14 years’ experience in fund management and corporate real estate, Giles began his career with ATIS Real Weatheralls, providing corporate real estate and consulting services for major listed companies such as London Electricity and Barclays. Giles moved on to become Real Estate Corporate Finance Manager at Deloitte & Touche, working on real estate transactions including the sale and leaseback of 41 hotels for the WA Shearings Group (£110 million) and the sale of 24 hotel assets for Macdonald Hotels (in excess of £400 million); as well as providing structural and strategic advice on real estate investment funds. More recently, Giles became a Fund Manager with GPT Halverton in 2008, and has been a Fund Manager with INTERNOS since 2010, responsible for a number of real estate investment funds including HBI Netherlands, Dutch Active Fund, Benelux Industrial Partnership, German Office Fund and Alecta Netherlands.


Guillaume Masset - Head of Transactions – Head of Benelux and Southern Europe

Guillaume Masset

Head of Transactions – Head of Benelux and Southern Europe

Guillaume Masset is responsible for the transaction activity of the group. He is also Regional Head for Benelux and Southern Europe with offices in Amsterdam, Luxembourg, Paris, Madrid, Lisbon and Milan.

Guillaume joined INTERNOS in December 2011 with a team of 6 people from INVISTA REIM. He had previously launched the Paris Office of INVISTA in 2007, with €750 million of AUM in France.

Prior to joining INVISTA Guillaume was Structuring and Financing Director at STAM Europe, where he stayed for more than 6 years. He notably raised and structured several investment funds, and was responsible for underwriting and bank financing.

Guillaume started his career at Bolloré, as a Financial Controller for East Africa.

Guillaume graduated from ESC Rouen business school and Carlos III university in Madrid, and he holds a DECF and DESCF (CPA). He is FSA approved, and executive chairman “Président” of the French Regulated Entity INTERNOS Global Investors SAS.

Paul Muno - Head of Capital Relations & Germany

Paul Muno

Head of Capital Relations & Germany

Paul Muno is employed as Head of Germany, Managing Director of INTERNOS Global Investors Kapitalverwaltungsgesellschaft mbH and INTERNOS Spezialfondsgesellschaft mbH to establish and build relationships with capital investors in the German market. Paul works to drive the establishment of fund management capabilities within the German office, including the formation of appropriate vehicles and structures, as well as providing strategic advice in relation to the broader European business.

With over 15 years experience in the real estate sector, Paul joins INTERNOS with a wealth of knowledge along with high level contacts in the market. He started his career in 1995 at Deutsche Bank AG as a graduate trainee, where he held several roles in the Real Estate Finance/Risk Management team, before being promoted to Head of Credit Risk of Eurohypo, Milan. Following this, Paul spent over five years with Oppenheim Immobilien-Kapitalanlagegesellschaft, Wiesbaden. As a Senior Fund manager he was responsible for € 1.1 billion AuM in five European Funds – including Pool- and Individual Funds.

In 2008 he joined Commerz Real Spezialfondsgesellschaft mbH, as Geschäftsführer/Managing Director, where he provided direction and leadership in order to ensure implementation of the strategic goals and objectives of the organisation. In seven funds Paul was engaged in all real estate sectors with € 2.2 billion AuM.

Paul is a fully trained bank officer, holds a degree as Dipl.-Volkswirt (economist) and as real estate portfolio manager (European Business School). He is also a Member of RICS.

Ludovic Bernard - Head of Opportunistic Investments

Ludovic Bernard

Head of Opportunistic Investments

Ludovic Bernard joined INTERNOS in June 2008, initially as part of the transactions team. His key responsibilities are to source, execute and manage new transactions.

Ludovic started his career in 1998 with the french bank CDC (Caisse des Depots et Consignations) in Australia working on concession projects, before moving back to France to work as a construction Engineer for Eiffage in Paris and in asset management for Société Générale. He then moved to London in 2005 to join Pramerica Real Estate Investors, where he was integral to the successful implementation of real estate private equity investments in Europe.

Ludovic holds an MSc in Civil Engineering from the National Institute for Applied Sciences (INSA-Lyon, France), and a Masters Degree in Finance from University Dauphine (DESS 203, Paris, France). He is a French citizen.


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