Volker Noack joins Union Investment Real Estate team

With effect from 1 February 2012, Volker Noack is responsible within the management team at Union Investment Real Estate GmbH, for asset management in Europe, France, the Americas and Asia/Pacific. Noack’s role involves the acquisition, sales and the management of real estate assets across these regions currently totalling 8.4 billion euros. He was previously responsible for fund management at the Hamburg-based real estate investment management company. As part of the reorganisation, his former duties will pass to the Chairman of the Management Board of Union Investment Real Estate GmbH, Dr. Reinhard Kutscher.

Volker Noack has been with Union Investment Real Estate GmbH since 1996 and a member of the management team since 2010. He takes over the responsibility for business outside Germany from Dr. Karl-Joseph Hermanns-Engel, who stepped down as a member of the management team at Union Investment Real Estate GmbH on 1 February 2012 to focus on new challenges. “We regret Dr. Hermanns-Engel’s decision and would like to thank him for his successful contribution,” said Dr. Reinhard Kutscher.

The other members of the management team at Union Investment Real Estate GmbH in addition to Dr. Reinhard Kutscher and Volker Noack are Dr. Heiko Beck and Dr. Frank Billand.