Union Investment is making organisational changes to pave the way for expansion of its national and international real estate business. The three global investment units – Americas, Asia-Pacific and Retail – have been brought together in a new department called Investment Management Global. Henrike Waldburg heads up the new department, with responsibility for managing the individual teams across the American and Asian markets, which currently comprise 16 employees. Union Investment has also created a department specifically to handle property acquisitions and sales in the DACH region. In doing so, Union Investment is responding to the needs of the high-demand property markets in the German-speaking countries. Alejandro Obermeyer leads the newly established Investment Management DACH department, which has 20 employees.
At the same time, Union Investment has set up two specialist investment management units – alongside its existing Hospitality team – for Logistics and European Residential. These property types have recently proven to be particularly resilient and will help drive Union Investment’s future growth. Stephan Riechers heads up the logistics investment team, while the new residential unit, covering Europe outside the DACH region plus the US, is being managed on an interim basis by Martin Schellein, head of the Investment Management Europe department.
“We are delighted to have filled all of these strategically important positions with highly experienced investment experts and strong managers from within our own ranks,” said Michael Bütter, CEO of Union Investment Real Estate GmbH.
“Aligning our investment management activities with three world regions – DACH, Europe and Global – and establishing additional teams with expertise in the logistics and residential segments enables us to tap into additional acquisition opportunities for our real estate funds in highly competitive real estate markets and unlock potential for growth and risk diversification,” said Martin J. Brühl, Chief Investment Officer and a member of the management team at Union Investment Real Estate GmbH.
Source : Union Investment Real Estate GmbH