Catella Residential Investment Management (CRIM) has announced the appointment of institutional investment sales specialist Simon Günkel as an executive director in the company’s Berlin office.
Günkel, aged 43, joined CRIM on September 1, and will be responsible for institutional clients including insurers and pension funds.
Prior to joining CRIM, Günkel worked at European investment firms, Société Générale Securities Services (SGSS), Universal-Investment and AXA IM Germany, and has more than 10 years of experience in the industry, including the structuring of real estate vehicles tailored to institutional investors’ tax and regulatory profiles.
‘Catella is the largest cross-border residential real estate investment manager in Europe, with just over €4.0 bn in assets under management in a property sector that has expanded enormously for institutional investors in the past years,’ said Michael Fink, managing director CRIM.
‘Residential has demonstrated its resilience and diversification benefits through strong outperformance relative to other sectors such as retail, offices and hotels, during the Covid-19 crisis, and we need the specialist skills of managers like Simon Günkel to meet the growing demand from institutional investors for the asset class. His long experience in managing institutional real estate mandates will play an important role in maintaining the pace of growth in Catella’s European residential investment platform.’
