Irish

Wednesday 20 August 2014

Pepper Asset Servicing has new head of commercial real estate

Published 31/01/2013 | 05:00

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Pepper Asset Servicing has appointed Brian Berg as head of commercial real estate, as part of the company's expanding Irish operation.

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This follows CarVal Investors appointment of Pepper to asset manage the €380m Pittsburgh portfolio of Irish loans which CarVal Investors acquired from Lloyds last month. Pepper has made a €3m co-investment in the portfolio, the company's first investment in an Irish commercial property portfolio. Arrow Asset Management is also involved.

A graduate of Dublin Institute of Technology, Brian Berg has managed and disposed of numerous retail-driven schemes and investments in Ireland, the UK, US and Belgium.

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