Jenni Wenkel joins management board of Union Investment Real Estate Austria AG

by   CIJ News iDesk III
2021-09-01   08:58
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Jenni Wenkel has been appointed to the management board of Union Investment Real Estate Austria AG with effect from 1 September 2021. As Chief Investment Officer, she will be responsible for investment management at the Vienna-based property fund manager. She replaces Dr. Kurt Rossmüller, who will henceforth be primarily involved in a strategic growth project at Union Investment. The leadership team thus continues to consist of three members. Manfred Stagl oversees risk management, while Petia Zeiringer is in charge of fund management and asset management.

Jenni Wenkel joins Union Investment from Erste Group Bank AG, where she has held various positions over the past 13 years. Most recently, as Head of Corporate Real Estate Asset Management she was responsible for strategic portfolio management, asset management and investment management in Austria and in Central and Eastern Europe for nearly nine years. From 2016 onwards, she was also project manager and client representative for the Rosewood Vienna hotel development. Jenni Wenkel is a Certified Real Estate Investment Analyst (CREA®), qualified architect and real estate economist. She is also Chair of the Royal Institution of Chartered Surveyors (RICS) in Austria.

“We are delighted that Jenni Wenkel is joining us. As a property expert with experience across a variety of fields and an extensive network of contacts, she is the ideal person to help us strategically expand our real estate portfolio going forward,” said Dr. Gunter Haueisen, Chairman of the Supervisory Board of Union Investment Real Estate Austria AG.

Union Investment Real Estate Austria AG (formerly Immo Kapitalanlage AG) has been part of the Union Investment Group since 2015. It manages immofonds 1, one of the largest open-ended real estate funds for private investors in Austria. The fund invests in Germany and Austria and had total assets of EUR 1.1 billion at the end of June 2021. Since its acquisition by Union Investment, the company has steadily increased its market share, which now stands at around 11 per cent (as at 30.06.2021).