Universal Investment appoints head of real estate business

Ridhima Sharma
clock
Universal Investment appoints head of real estate business

Axel Vespermann will take over the management of the Real Estate product division at Universal Investment on 1 January 2020. He joins from Jones Lang LaSalle, where he most recently headed the Frankfurt office as regional director with a team of around 450 people.

At Universal Investment, he will be responsible for the future development of the real estate business with fund initiators and institutional investors. As managing director and member of the Management Board, he will report directly to CEO Michael Reinhard.

Michael Reinhard, CEO of Universal Investment said: "Vespermann is an extraordinarily experienced real estate expert whose market and customer knowledge covers the entire real estate life cycle from fund structuring and administration to acquisition to asset management as well as project development and marketing, both for individual assets and portfolios. His international experience and industry expertise will help us to further accelerate the positive development of our real estate business and achieve our goals."

Vespermann has more than 25 years of international experience in investment, portfolio and asset management, transactions, product development, investor relations and real estate consulting. He initially worked for various real estate companies in asset management, acquisition and sales since 1994.

He then joined DB Real Estate (now DWS) in the summer of 2002 as regional manager Southern Europe and Western Europe and vice president, where he was responsible for acquisitions and sales in Spain, Italy, Portugal, France and Belgium. He later expanded his international expertise as European head and director at Credit Suisse Asset Management. Until 2012, Vespermann was responsible for acquisitions and disposals, portfolio and asset management in Europe and later Asia Pacific. During his tenure at Credit Suisse, he helped increase client assets from over 800 million euros to over 7 billion euros.

From 2013 to 2016, as chief executive officer/managing director, Vespermann was responsible for Investments, Asset Management and Portfolio Management at UBS Real Estate. In addition, he devoted himself intensively to fund raising and investor relations. During this time, he worked with Universal-Investment in Italy, Spain, the UK and France.