Union Investment Real Estate has appointed Bent Muehlena as new head of the real estate project management department, effective 1 September.
Union Investment Real Estate has appointed Bent Muehlena as new head of the real estate project management department, effective 1 September.
The 45-year-old manager, who holds a degree in engineering, follows in the footsteps of Bernd Schade, who is joining department store group Breuninger.
Muehlena has been with the Hamburg-based property fund manager since 1999. In his most recent position, he was in charge of the real estate project management international/Europe section.
In this new role, Muehlena will lead a 30-strong team consisting of architects, civil engineers and project managers. His key responsibility will be realising new-build projects as well as major refurbishments and extensions of existing properties.
Last year, development projects accounted for more than a third of the €2.5 bn that Union Investment invested in real estate. The project management department is also responsible for technical due diligence on all acquisitions.
