Henderson Global Investor’s c. €15 billion Property Business has hired Marta Cladera de Codina and Laura Beltrametti to strengthen its European team.

Marta Cladera de Codina has joined Henderson’s Spanish business as Portfolio Manager. She will be based in Spain where she will report into Manuel Martín, Head of Property for Spain.

Marta joins from Grupo Lar where she spent nine years as an asset manager. During her time at the Spanish property developer, Marta was involved in the development, acquisition and management of over €650 million property assets in the retail sector.

She has a degree in Economics from Madrid’s Universidad Complutense and an MBA from the business school Instituto de Empresa.

Laura Beltrametti has also been hired as a Portfolio Manager; she will be based in Milan, supporting Henderson’s Italian business. Laura will report into Mario Pellò, Head of Property Investment, Italy.

She joins from Polis Fondi SGR, an Italian fund management company and prior to that, at Segécé, having worked in asset management at each firm. She has a Master’s Bachelor degree in Building Engineering and a Master degree in Building Construction Management.

David Turner, director of property, European Retail for Henderson, said: "The team in place in Southern Europe boasts a wealth of experience across the retail sector including fund management, investment, development, asset management and leasing. We are fully equipped to apply these skills to our existing portfolio, adding value at all levels from development to tenant engineering, for the benefit of our clients, while also scoping the market for new investment opportunities."

The new hires represent Henderson’s commitment to strengthen its management and investment activity within Southern Europe. In a recent research paper, Henderson highlighted the investment case for the retail sector within the region.

Stefan Wundrak, director of research, property, Henderson Global Investors, said: "The property risk premium for Spain and Italy is higher than for most other major countries in Europe. However, expected returns should compensate for the risk. Capital uplift will drive short term performance as yields respond to lower risk aversion and rental growth will contribute to performance after retail sales and retailer confidence recover."