16 February 2017
Hamburg
Reporter: Theo Andrew

Changes at the top of Union Investment RE


Union Investment Real Estate (RE) is dividing its investment activities into two regional units, Europe and overseas, and shaking up its leadership team accordingly.

The changes are coming about under new chief investment officer Martin Brühl, who was appointed to the position in December 2016, and will be effective from March 1.

Former head of European investment activity Philip La Pierre will now head up the overseas business in the office sector, taking on the international investment in five markets across the Americas and Asia-Pacific.

Martin Schellein, who joined Union Investment in 2009, will take over as head of investment management for Europe, moving on from his previous position as team manager for real estate transactions in the continental European markets, excluding Germany, Austria and Switzerland.

Union Investment RE will also have additional dedicated units for the retail and hospitality sectors. Henrike Waldburg remains in charge of retail investments and Andreas Löcher will continue to be responsible for global hotel investments.

Brühl said: “In 2016, our specialist investment teams handled global acquisitions and sales with a total value of €4.6 billion.”

He added: “We are aware that the bar for investment management has been raised even further since last year. Against this backdrop, we are delighted that all our senior management positions are filled by outstanding individuals who have grown with the company and benefit from comprehensive deal experience combined with an excellent network of contacts in their respective markets.”

More news
The latest news from Real Estate Investment Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
Aviva acquires Bristol redevelopment
20 October 2017 | Bristol | Reporter: Becky Butcher
Aviva Investors has purchased the first phase of a redevelopment business park in Bristol for £30 million
Coyote names Rob Bould as non-executive director
19 October 2017 | London | Reporter: Theo Andrew
Rob Bould, who has 40 years of real estate experience, will help grow the data platform, which will track, manage and report the performance of real estate assets in real-time
Hammerson expands flagship Parisian shopping centre
19 October 2017 | Paris | Reporter: Theo Andrew
The 11,000-square metre property adjoins its Les Trois Fontaines centre, the firm’s recently refurbished flagship asset in Paris
SELF II reaches €500 million on third close
19 October 2017 | Paris | Reporter: Theo Andrew
The pan-European debt fund achieved the equity through institutional investors from France, Germany and Italy
Encore+ adds Dutch office for €50 million
18 October 2017 | Eindhoven | Reporter: Theo Andrew
The the pan-European open ended core-plus fund is co-managed by Aviva Investors and LaSalle IM, as fund manager and asset and transition manager, respectively
LGIM Real Assets lands Stansted hotel for £48.3 million
17 October 2017 | London | Reporter: Theo Andrew
The development, which was completed in July 2017, is the second hotel to be located on-terminal at Stansted Airport
Deutsche AM closes €568 million pan-European fund
16 October 2017 | London | Reporter: Theo Andrew
The core fund will focus on income and capital growth across the larger European economies in sectors including office, retail and logistics