Union Investment Real Estate is reinforcing its senior leadership team by bringing on board Michael Butter (50), a respected real estate manager with many years of industry experience. As part of the company’s dynamic growth strategy, reorganisation of the Management Board is now complete following the departure of Reinhard Kutscher. Michael Butter will become Chairman of the Management Board (CEO) of Union Investment Real Estate GmbH and head of the Real Estate segment with effect from 1 October 2020, subject to approval by BaFin. A fully qualified lawyer and business economist, he is taking over the role from Jorn Stobbe, who will remain part of the Management Board and focus on areas with high added value, including value-add transactions, as head of Asset Management.
“I am delighted that Jorn Stobbe will continue to contribute his valuable skills in new areas and provide strategically important impetus,” said Jens Wilhelm, Chairman of the Supervisory Board of Union Investment Real Estate GmbH. The five-strong leadership team also includes longstanding Management Board members Volker Noack and Martin J. Brühl and, since 1 July 2020, Christoph Holzmann as new COO.
In the context of the new structure, Volker Noack took over fund management for retail products on 1 July 2020. Volker Noack joined the Management Board of Union Investment Real Estate GmbH in 2010 and became responsible for asset management in 2013. Chief Investment Officer Martin J. Bruhl, a member of the Management Board of Union Investment Real Estate GmbH since 2016, remains in charge of national and international investment management, which is becoming increasingly important in terms of new markets and asset classes.
“We are delighted that Michael Bütter is joining us, with his international expertise and versatile leadership skills. He is held in high regard within and beyond the real estate and digital sectors. Michael Bütter will help us to successfully drive growth and innovation across our business. With the expansion and reorganisation of the senior management team and the outstanding expertise of over 440 colleagues at all levels, we are ideally placed to continue Union Investment’s success in the real estate sector,” said Jens Wilhelm.