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.
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