Hamburg-based Union Investment Real Estate GmbH is restructuring the management areas that make up its real estate platform in response to changing market requirements. The new organizational structure will replace the existing four management areas with three: fund management, real estate management and operations.
The newly created real estate management department, headed by Karim Esch, integrates investment and asset management. It will be responsible for the real estate value chain, from acquisition through asset management and leasing to sustainability strategy, commercial and technical development of portfolio properties and dispositions for existing and new funds. The department will also provide portfolio management services for third parties.
“Bringing together investment and asset management puts us in the best possible position to benefit from recovery in the property markets. It will enable us to maximize the value we add for our private and institutiona
