Asteco appoints new GM for Abu Dhabi office

Leading regional real estate services firm, Asteco Property Management, has welcomed Jeremy Oates to its roster of senior regional property management experts, following his appointment as general manager for the company’s key Abu Dhabi operation.

Oates brings more than 30 years’ experience to the role, and has worked in senior roles with a number of top international real estate and asset management companies in Abu Dhabi, Dubai, China, Germany, Korea, Russia, Singapore, Thailand and the UK.

“An acknowledged expert in the field of asset and fund management as well as advisory services and retail management, Jeremy’s familiarity with the UAE and regional markets, plus his impressive industry track record, make him an invaluable addition to our highly successful Abu Dhabi office,” said John Stevens, Managing Director, Asteco Property Management.

Oates joins the company after a three-year tenure as General Manager of MPM Properties, the asset and property management arm of Abu Dhabi Islamic Bank subsidiary, Burooj. He is no stranger to the Asteco team either, having previously held the position of commercial director for the Dubai office between 2004 and 2005.

His international career path has also seen him work in the world’s most dynamic markets from Jones Lang LaSalle in Singapore, where he launched the company’s South-East Asia-wide facilities management service as national director, for Knight Frank Zao’s Russian operation, where he was responsible for restructuring the business; and as Managing Director for Cushman & Wakefield in Korea.

In his new role, Oates will oversee the continued growth and expansion of the Abu Dhabi office, supporting existing clients and developing strategic opportunities as the local real estate landscape gains momentum.

Asteco’s ever expanding portfolio of managed properties now consists of over 300 buildings. The company also manages a number high profile projects in the UAE capital including the Al Marasy, Al Wifaq Tower and Nation Towers, which Oates was involved with in a consultancy basis.

“It’s an exciting time to be taking over at the helm during what is already proving to be an extremely interesting year for real estate in Abu Dhabi. I am looking forward to working with our team to continue to provide the best real estate advice to our clients so that they can benefit from the transformations within the UAE,” said Oates.