Germany's IVG Asset Management has appointed Peter Forster to the position of managing director with effect from 1 July 2009. Forster is currently Deka's Asset Management Director for Germany and has 25 years of experience in national and international real estate management. Previously the 49-year-old civil engineer was in charge of Real Estate Management at the Bavarian branch of DeTeImmobilien (today Strabag Property + Facility Services GmbH).
Germany's IVG Asset Management has appointed Peter Forster to the position of managing director with effect from 1 July 2009. Forster is currently Deka's Asset Management Director for Germany and has 25 years of experience in national and international real estate management. Previously the 49-year-old civil engineer was in charge of Real Estate Management at the Bavarian branch of DeTeImmobilien (today Strabag Property + Facility Services GmbH).
Frankfurt-listed IVG Immobilien is focused on office properties and caverns and currently manages own properties with a market value of EUR 6.2 bn, as well as specialised funds and mandates for institutional investors with a volume of EUR 12 bn and closed-end funds with a volume of EUR 3.3 bn.
The company's asset management division also includes directors Harald Gude and Michael Lipnik.
