Union Investment boosts real estate team
To support the ongoing expansion of its hotel portfolio, Union Investment Real Estate GmbH has appointed Christoph Eichbaum.
Eichbaum joined the now eight-strong Investment Management Hospitality team headed by Andreas Löcher on 1 August 2019. He will be responsible for hotel transactions in the DACH region, a key focus of the Union Investment portfolio with a current total of 46 hotels worth €3.8bn.
He previously spent eight years at Ernst & Young Real Estate GmbH, most recently as a director. In this role, Eichbaum primarily advised investors and operators on national and international hotel transactions at both single asset and portfolio level. His core duties also included selecting operators and conducting feasibility studies on all types of hotel projects.
Union Investment's diversified hotel portfolio in Europe and the US currently comprises 70 properties with a total value of around €5.6bn. Among the most recent transactions in the DACH region are the acquisition of a portfolio developed by benchmark.
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