Union Investment Real Estate hires Stobbe as COO

The Hamburg-based real estate investor has hired former Deutsche Bank managing director and Clifford Chance partner Jörn Stobbe as chief operating officer, ahead of an anticipated real estate push next year.

Hamburg-based Union Investment Real Estate has hired Jörn Stobbe as chief operating officer.

A trained lawyer, Stobbe has a more than two decades of experience in the industry. He will be tasked with developing the firm’s real estate business and improving its operational and organisational structure, with a particular focus on implementing digital transformation within the company. He will join the firm in February.

Stobbe joins from Rreef Management, Deutsche Bank’s asset management division, where he worked as a managing director for assets and transaction from September 2013. Prior to this, Stobbe was a partner at law firm Clifford Chance for over 10 years. He was also appointed head of Germany at RICS in 2013, a position he held for three years until October.

His appointment, completes the overhaul of the senior management team at the Hamburg-based real estate manager, which is led by chief executive officer Reinhard Kutscher, ahead of an anticipated real estate push next year.

Union Investment manages five German open-ended real estate funds. At present, according the firm’s website, it currently has assets under management of €29.3 billion.