Hamburg-based Union Investment Real Estate has appointed Eric Cheah as new head of investment management for the Asia-Pacific region.

Hamburg-based Union Investment Real Estate has appointed Eric Cheah as new head of investment management for the Asia-Pacific region.

Australian-bred Cheah will be based in Singapore, where Union Investment has had an office since 2006. He will report to Martin Bruehl, head of international investment management.

Cheah has more than 20 years' experience in real estate, which he gained the region across a range of different functions for companies including Pacific Star Group, The Ascott Group, Hudson Conway and Fletcher Constructions. Most recently, as senior vice president at Pacific Star, Cheah was responsible for investment management of a property fund invested in Asia and for asset management of the fund properties.

Established in 1956, the Union Investment Group is one of Europe’s leading investment managers and currently has assets under management in excess of €200 bn, which includes €23 bn of real estate.