With effect from 1 October 2013, Eric Cheah ( pictured) took over responsibility at Union Investment Real Estate GmbH for the Asia-Pacific investment management team. Based in Singapore, where Union Investment has had an office since 2006, Australian-bred Cheah will be managing acquisition and sale activities for the German real estate fund management company.
Established in 1956, the Union Investment Group is one of Europe’s leading investment managers and currently has assets under management in excess of EUR 200 billion, which includes real estate assets under management totalling over EUR 23 billion. In the previous financial year Union Investment Real Estate transacted in excess of EUR 3.4 billion via both acquisition and sales. The company has been active in the Asia-Pacific region for more than seven years. Its high-quality property portfolio in Tokyo, Kuala Lumpur and Singapore currently comprises 15 office, retail and residential properties with a total value approaching EUR 700 million.
Eric Cheah has more than 20 years’ experience in real estate, which he gained the region across a range of different functions for companies including Pacific Star Group, The Ascott Group, Hudson Conway and Fletcher Constructions. Most recently, as senior vice president at Pacific Star, Eric Cheah was responsible for investment management of a property fund invested in Asia and for asset management of the fund properties. He holds an MBA and a BA in Building Construction Management. In his new role, Eric Cheah reports to Martin Bruehl, Head of International Investment Management.
Source : Company