CBRE Investment Management has appointed Sebastian Ehrhardt as the country manager for Germany, assuming the country manager role from Marius Schöner who held the dual position of country manager and head of the EMEA Residential Operator Division.
Under Schöner’s leadership, as country manager, assets under management in Germany have grown from almost €1 bn in 2014 to around €5 bn currently.
Schöner will remain part of the German management board but will focus on building-out the residential platform in Europe, a strategic priority for the firm which has ambitious growth targets for the sector.
'This asset class is one of our most important growth markets in Europe,' said Schöner, who has been head of EMEA Residential Operator Division since 2021. 'Our EMEA residential platform has €11 bn assets under management and over the last three years, the direct residential property portfolio we manage has grown by 40% to around €6 bn. We aim to double our portfolio volume in the EMEA region over the next three years and realising these growth ambitions requires my full focus.'
Ehrhardt joined CBRE Investment Management (CBRE IM) seven years ago and has held various roles since then including investment manager for value-add investments, head of asset management for retail, and is a member of CBRE IM’s German Management Board.
As head of Transactions for the DACH region, a role he will continue in, Ehrhardt was instrumental in securing and executing the two-phased acquisition of a German residential portfolio with a volume of around €920 mln in 2023.
