24. November 2011     Print Print 

Michael Morgenroth joins Signa

Michael Morgenroth
Michael Morgenroth is to join the management board of Austrian real estate investor Signa Group. He is stepping down as member of the board responsible for real estate and infrastructure within the asset management arm of German insurer Gothaer, with effect from March, 2012. Together with a significant part of his existing team from Gothaer, Morgenroth will initially lead a drive into debt investments for Signa.

In addition to the launch of real estate debt funds from the new Dusseldorf-based business, Signa Real Estate Advisory AG, he will be responsible for institutional clients and the German market, including the established real estate funds business. Joining him at Siigna from Gothaer will be Dr. Patrick Züchner (currently Head of Real Estate), Lars Armgart and Antje Bonnewitz. This is a team that has concluded 11 mezzanine debt transactions with a value of around €200 million since 2005.

Morgenroth joined the board of Gothaer Asset Management in 2004, where he launched a global indirect real estate investment strategy across the whole risk spectrum from core to opportunistic funds, covering Europe, the Americas and Asia, for a portfolio that was previously 97% invested in German assets. Gothaer’s invested real estate assets under management now total around €2.0 billion in equity, or €2.5 billion including investments committed, in more than 60 funds. Total AUM across all asset classes is more than €23 billion.

He is currently Chairman of the European Association for Investors in Non-listed Real Estate Vehicles (INREV) and is also Chairman of the Property Commission of the German Insurance Association (GDV), where he has actively campaigned to make the voice of the real estate industry heard at both the European and German levels in critical areas of regulation such as the Solvency II capital adequacy requirements for insurers.