Bernhard Kraus joins Union Investment Institutional Property GmbH

With effect from 1 February, the management team at real estate investment manager Union Investment Institutional Property GmbH has been extended, with Bernhard Kraus assuming responsibility for securities transactions as part of pooled real estate solutions. In addition to his new role, Kraus is a director of Frankfurt-based sister company Union Investment Institutional GmbH, a position he has held since 2008 and where he is responsible for product management, fund administration and risk control.

The other members of the management team at Union Investment Institutional Property GmbH alongside Bernhard Kraus are Dr. Christoph Schumacher and Wolfgang Kessler.

Over the past year, Union Investment Institutional Property GmbH has further expanded its product offerings for institutional investors. In addition to open-ended real estate retail funds and special real estate funds, the company offers management of individual mandates and pooled solutions while also providing fund administration services.

In 2011, three new products attracted binding capital commitments totaling some €900 million. The company is currently in the process of establishing three further special real estate funds with assets under management expected to exceed €700 million.