Aquila Capital has expanded its property investments team in Hamburg with two appointments including Olaf Bruns as head fund management real estate.
The firm, which also appointed Michael Husung as head client advisory real estate, said the appointments were in response to growing interest by professional investors in property investments.
Annual real estate investment in Germany increased by almost €14 billion to about €74 billion in specialised open-ended funds at September 30, Aquila said, quoting figures from the German funds association, BVI.
Bruns has a background in fund management and product development for managers including CBRE Global Investors, UBS Global Asset Management and Union Investment Real Estate.
Husung, who has worked in investor relations, capital raising and product development roles with UBS, Axa Investment Managers and Deutsche Bank/RREEF is to set up a specialised real estate client advisory team.
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