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Gerald Kremer has been appointed as a new member of the Management Board of Union Investment Real Estate GmbH, effective April 1, 2024. /// credit: Union Investment
Gerald Kremer has been appointed as a new member of the Management Board of Union Investment Real Estate GmbH, effective April 1, 2024. /// credit: Union Investment

Gerald Kremer To Join The Management Board Of Union Investment Real Estate GmbH on April 1, 2024

Subject to the approval of the Federal Financial Supervisory Authority (BaFin), Gerald Kremer has been appointed as a new member of the Management Board of Union Investment Real Estate GmbH with effect from 1 April 2024.

Kremer joins Union Investment from Credit Suisse Asset Management, where as Chief Digital Officer he has been responsible for managing digital transformation of the Global Real Estate division since 2018. He also headed the Data Science, Innovation Management and Digital Operations units. In his new role as Chief Operating Officer (COO) at Union Investment, he will be primarily responsible for digitalisation, real estate operations/processes, data management and tax.

Kremer replaces Christoph Holzmann as Chief Operating Officer, who is stepping down from the Management Board as of 1 April 2024 for personal reasons and will leave the company on 30 June 2024 after a handover period. Holzmann has been a member of the management boards of Union Investment Real Estate GmbH and Union Investment Institutional Property GmbH since July 2020. Alongside his COO role at the company, he also oversaw reporting, risk management, controlling and accounting, and was responsible for the structuring of new institutional investment vehicles.

“After four incredibly exciting years at Union Investment, I now intend to take a year off to spend time with my two young children and my wife in Berlin,” said Christoph Holzmann. “In my areas of responsibility, especially digital transformation, I am grateful to have been able to drive forward the development of Union Investment as one of Europe’s leading real estate industry players.”

“Christoph Holzmann and his teams have played a vital part in developing and improving our real estate platform and supporting our aim of achieving leadership with regard to processes, reporting and digital solutions. We are extremely grateful to him for his contribution and wish him all the best for his career break and his future endeavors,” said André Haagmann, Chairman of the Supervisory Board of Union Investment Real Estate GmbH. “We now look forward to welcoming Gerald Kremer and taking the next steps towards a successful future, building on the strong foundation that has been put in place, and continuing to drive forward the digital transformation and optimization of our business processes.”