News
Gren Noormets to lead GILD Bankers’ real estate financing projects
GILD Bankers Investment Banking team is joined by Gren Noormets, currently Head of Real Estate Department of Hansabank’s Corporate Banking Division. Starting August 1st, Gren Noormets will manage real estate financing projects in all GILD’s markets, including the Baltic region, Ukraine, Central and Eastern Europe, and the Caucasus. The new professional key player will reinforce GILD’s competence and perspective in the real estate sector.
Lauri Isotamm, GILD Partner and Head of Investment Banking, appreciates highly Gren’s experience and his decision to join GILD saying that “The brightest real estate banker in the Baltics has decided to bring his expertise to GILD, taking here the reins of the real estate sector that still offers good opportunities. At GILD, Gren has the opportunity to deal with many regions, along with raising capital for real estate projects in new high-growth markets of Ukraine, the Caucasus, and Central Asia.
Gren Noormets commented on his joining GILD: “GILD fascinated me with a great team, exciting new opportunities and a wider geographic spectrum. GILD thinks and acts in a wider scope going far beyond the Baltic region.”
He also added that in the real estate, there is always an opportunity to find and develop new projects. “For example, even in today’s Baltic market, it is possible to finance projects. The key is to do this in a well-thought and smart manner, whether by changing financing structures or incorporating more equity investments,” said Noormets.
Noormets has worked in Hansabank Group for 10 years, the last six of which he has developed and directed the real estate financing system and actively participated in the group’s real estate activities in the Baltics and Russia. Noormets received his degree at Estonian Business School.
GILD Bankers is an independent investment bank in Emerging Europe with a leading position in the Baltic countries. Our core services are management of alternative funds, investment banking and private banking. GILD has offices in Estonia, Latvia, Lithuania, Ukraine, Bulgaria and the United Kingdom, and our area of activities and investments extends to all emerging economies in Europe and its vicinity.
The GILD Alternative Funds team specialises in tailored and active investments. Assets under management in GILD Arbitrage, the first and only Baltic hedge fund, GILD Long Haul private equity funds and GILD Real Estate funds surpass EUR 150 mln. GILD active investment funds have provided consistent 21 -31% average annual returns to our investors. GILD Alternative Funds unit is a member of global hedge fund association, AIMA, the Alternative Investment Management Association, that has 1280 corporate members worldwide, based in 49 countries.
The GILD Investment Banking team focuses on mid-market M&A advisory and capital-raising transactions. Since 1999 our team has advised and successfully completed more than 130 transactions with a combined value around EUR 3 bn. In 2007 our Investment Banking team was involved in 17 advisory projects in the total value of over EUR 380 million. GILD Investment Banking unit is a member of M&A International Inc., a global alliance of 41 independent M&A advisory and investment banking firms in 39 countries.
The GILD Private Banking team offers flexible and personalised private banking services. Our "total assets" private banking concept incorporates private wealth management, alternative investments, corporate finance and a variety of legal and tax advisory services.According to audited financial results, in 2007, the GILD Bankers Group (AS GILD Professional Services) generated consolidated net fee and commission income of EUR 8.6 mln and tripled net operating profit to EUR 5.2 mln.
For additional information, please contact:
Kadri Kütt
Communication Manager
GILD Bankers
kadri.kytt(at)gildbankers.com
+372 56 800 467