Union Investment Real Estate GmbH has taken on an additional staff member to support expansion of its global investment activities in the hotel segment. Since 1 September, Philipp Kunz (32) has bolstered the Investment Management Hospitality team headed by Andreas Löcher. A trained economist and certified real estate investment analyst, Kunz joined the company from Deka Immobilien, where he held positions of responsibility for six years. He was initially in charge of the sale and acquisition of specialist properties, covering areas including the hotel segment. The transaction expert went on to handle sales and acquisitions for Deka in the core European markets in other asset classes as well.
Union Investment is one of Europe’s leading hotel investors. The company’s broadly diversified hotel portfolio in Europe and the US currently comprises 63 properties with a total value of more than EUR 5.2 billion. Recent transactions include the acquisition of the Park Inn by Radisson in Kraków and the boutique and lifestyle hotel The Porter in Portland on the US west coast. In the current market environment, Union Investment sees particularly good opportunities to expand its high-quality portfolio through acquiring projects.
Source : Company