German fund manager Union Investment Real Estate has appointed Jörn Stobbe to the position of chairman of the management board, as of 1 January 2020. He will take over from Dr. Reinhard Kutscher, who will retire at the end of 2019.
Swiss real estate group Investis has boosted its real estate holdings with the CHF 139 mln (€149 mln) purchase of prime residential properties in Vaud canton.
