Union Investment has renamed its DEFO (Deutsche Fonds für Immobilienvermögen) fund Union Investment Institutional Property. Established in 1977, the fund is a specialist provider of institutional property funds. The rebranding coincides with an expansion of the company’s management team, with Ingo Hartlief joining Martin Eberhardt and Wolfgang Kessler. Occupying the new position of Chairman of the Management Board, Hartlief is charged with growing the company’s business with institutional customers. He has been a board member at sister company Union Investment Real Estate since 2002.
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