Real estate: Union Invest Real Estate is restructuring – and cutting jobs
The Hamburg-based real estate fund manager is repositioning itself, which involves job losses. In the future, the company wants to focus on rental income instead of valuation surpluses.
Union Investment Real Estate in Hamburg is restructuring, reducing its number of executive departments from four to three: Fondsmanagement, Real Estate Management, and Operations. The overhaul aims to make the company, which is part of the DZ Bank Group, more streamlined and flexible. The restructuring will result in job cuts, to be implemented over six years through severance packages and a voluntary program, with no planned layoffs.
The new Real Estate Management department, led by Karim Esch, combines investment and asset management.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
