Palm Capital was founded by Reda Khatim, who developed his career at major private equity real estate firms and looked to create an innovative investment management platform. We manage over 2,500,000 sq.ft. of commercial real estate in the UK and Europe.  We favour distressed and value add investments, primarily across the business space and urban logistics segments.

Our team

Our main partners previously worked together at Citigroup's European Real Estate Fund and Lonestar.  Team members stem from a real estate private equity and investment background, with proven complimentary skills in development, asset management, investor reporting and finance.

  • Reda Khatim

    Reda Khatim

    Managing Partner
    Reda Khatim is the managing partner and founder of Palm Capital. Prior to starting Palm Capital, Reda was a founding principal of Citigroup Property Investors European opportunistic fund, €1.2bn pan European fund. He previously worked with Lonestar Funds in Europe and held various positions at Credit Suisse and Lazard. Reda holds a MBA from Harvard Business School and an engineering degree from Ecole Nationale des Ponts et Chaussees. Reda chairs the European chapter of the Harvard Real Estate Alumni Organisation. Reda is also a member of the Urban Land Institute and the Young President Organisation. Reda’s experience includes corporate investments, asset transactions, non-performing loans and various distressed situations. He has invested in multiple jurisdictions as well as across asset classes and capital tranches.
  • Martin Kandrac

    Martin Kandrac

    Senior Advisor
    Martin Kandrac is a senior advisor to the firm, focusing on developing new strategic platforms. Martin has over 17 years of real estate and hotel investment experience. He spent most of his real estate investment career at Blackstone where he helped to build up the Blackstone hotel portfolio to an overall asset value of more than $5 bn and 20,000 hotel rooms across 10 countries. After Blackstone, Martin joined Fairmont Raffles as a member of the Executive Committee and Senior Leadership Teams, and he had significant input on the overall strategic direction of the company. Martin left Fairmont Raffles Hotels upon the successful sale to Accor Hotels. During his career, Mr Kandrac also worked at Starwood Lodging, Goldman Sachs Real Estate Principal Investments Department Area and Mount Kellet Capital Management. Martin received a B.S. from Cornell University and an M.B.A. from Harvard Business School.
  • Peter Bax

    Peter Bax

    Head of Asset Management
    Peter Bax is a senior partner of Palm Capital and previously European Head of real estate asset management at Citigroup Property Investors. He was also the asset management head for Matrix Group, where he was responsible for restructuring complicated real estate and financial situations. Peter has over 35 years of real estate experience in both UK and European markets. Previously, he was a founding member of the BZW Property Advisory Group. Peter is also an accredited Chartered Surveyor.
  • Tim Jones

    Tim Jones

    Tim Jones is a Director in Palm Capital. He focuses on acquisitions in the UK and Europe. Previously, Tim spent over 3 years at Hudson / Lone Star on the acquisition, asset management / re-positioning and sale of UK & Irish real estate assets and non-performing loans. Prior to this, Tim spent over 5 years in the Capital Markets team at JLL, after starting his career in the Allianz Corporate Finance team. He has a MSc from Reading University and a BA (International) from University College Dublin. Tim is also a member of the Royal Institution of Chartered Surveyors.
  • Nick Martin

    Nick Martin

    Chief Financial Officer
    Nick Martin is Chief Financial Officer of Palm Capital. Nick joined Palm Capital from Tristan Capital where for four years he was responsible for all finance related matters on three pan-European private equity real estate funds with AUM of over €1 billion. Prior to this, Nick worked in a variety of short term finance roles for Macquarie Bank, Delancey, St Martin’s Property Group and Prestbury. Before joining Macquarie Bank, Nick worked for Smith & Williamson Corporate Finance which he joined after qualifying as a Chartered Accountant with KPMG. Nick received his LLB (Hons) in Law and German from the University of the West of England and is a Fellow of the Institute of Chartered Accountants of England and Wales (ICAEW).
  • Shane Corby

    Shane Corby

    Vice President
    Shane Corby is a Vice President in Palm Capital operating out of our Dublin office. Shane has over 10 years of real estate and construction experience. He joined Palm Capital from Savills where he spent 6 years working in the investment team. While at Savills, Shane provided advice to Irish and international clients, predominantly in the logistics, office and retail sectors, advising on deals worth €750m. Prior to this Shane worked as a real estate project manager at Lidl Ireland, where he led the development of their Irish locations, as well as a consulting engineer at Mott MacDonald. He has an MSc in Real Estate Investment from Cass Business School and a civil engineering degree from Trinity College, Dublin. Shane is also a member of the Royal Institution of Chartered Surveyors.
  • Andrew Styles

    Andrew Styles

    Vice President
    Andrew Styles is a Vice President at Palm Capital, focusing on debt strategies, including underwriting and managing distressed debt acquisitions. He also focuses on maintaining and originating our lender relationships, across our various investment strategies. Previously, Andrew spent a few years at National Bank of Abu Dhabi, focusing on large international real estate lending, predominantly into the UK and Europe. He has held several real estate financing roles for large financial institutions, with the focus being UK, Europe, and the US. Andrew started his career at Anglo Irish Bank and holds an MSc in Real Estate Investment from Cass Business School.
  • Luis Henríquez de Luna

    Luis Henríquez de Luna

    Luis Henríquez de Luna is an Associate in Palm Capital, helping on both investment and asset management. Previously, Luis worked for Knight Frank in Madrid for over 3 years, after starting his career at Garrigues, a leading Spanish Law firm. He has a MSc Real Estate from Reading University and a BA in Law and Business Management from San Pablo CEU University. Luis is also a member of the Madrid Bar Association (ICAM).
  • Giacomo Mastantuono

    Giacomo Mastantuono

    Giacomo Mastantuono is an Associate in Palm Capital. Giacomo joined Palm Capital from Grosvenor Group where he spent three years working in the UK, Canada and Spain. Whilst at Grosvenor he has been involved in numerous large-scale development projects as well as investment and asset management. Giacomo also worked for Bruce Shaw, a London-based project management firm. He received an MPhil in Real Estate Finance from the University of Cambridge and a BSc (Hons) in Project Management for Construction from University College London, UCL. Giacomo is a member of the Royal Institution of Chartered Surveyors and speaks Italian and Spanish.