Andrew Baum

People Page - Title - Andrew Baum

Professor of Land Management
University of Reading

ANDREW BAUM has combined academic life and business for the last 20 years. He was appointed Professor of Land Management at the Henley Business School, University of Reading, in 1989 and is now also Honorary Professor of Real Estate Investment at the University of Cambridge. Outside academic life, he has spent the majority of this time working with institutional real estate investors in developing global property investment strategies. He is chairman of the investment committee for the CBRE Investors’ global multi manager team and a member of the Supervisory Board for the Schroder Exempt Property Unit Trust. From 2000 to 2007 he was also a non-executive director of Grosvenor Limited, the UK and Ireland Property Company, and has other non-executive and advisory board experience. Dr. Baum was hired as the first director of property research for Prudential in 1987. He founded RES (a property research company) in 1990 and sold the business to Henderson Global Investors in 1997. At that time he became CIO for property at Henderson and later Director of International Property. In 2001 he founded OPC, a property research and investment company which created Europe’s first dataset describing unlisted property funds, and launched one of the first real estate fund of funds platforms in Europe. When OPC was sold to CBRE in 2006, CBRE Investors’ global multi manager team (CBREi GMM) became one of the world’s leading specialists in indirect property investment, and CBREi GMM now has around €4bn of indirect property assets under management. Dr. Baum now chairs the investment committee for this business as a non-executive. OPC’s information business was re-acquired by Dr. Baum and its management, and he chaired the new entity, Property Funds Research, until it was sold to Feri (a German investment advisory firm) in 2008. PFR’s global database now includes over 2,000 unlisted funds, 1,000 fund managers and 3,000 investors.

A qualified member of the RICS and the CFA Institute, Dr. Baum is the author or co-author of four textbooks, including his new book, Commercial Real Estate Investment (Elsevier, 2009), with combined sales of around 50,000. He is an associate fellow of the Said Business School Oxford, a visiting faculty member at the Kenan-Flagler Business School at the University of North Carolina, and an instructor at Harvard University Graduate School of Design Executive Education. From 2001 to 2009 he was a Fellow of the Amsterdam School of Real Estate, Netherlands, and is founder and trustee of the Reading Real Estate Foundation, an educational charity established to support real estate education at the University of Reading, Dr. Baum was elected Academic Fellow of the Urban Land Institute in 2001, the first such election outside the USA, and was also elected honorary fellow of the Society of Property Researchers, 2002 “in recognition of an outstanding contribution in the field of property research”.