German property company Union Investment Real Estate said on Friday that Michael Montebaur, member of the management board, is leaving the company with effect from 31 January 2009 to set up his own business. Montebaur's responsibilities as a board member of the Hamburg-based property fund manager include real estate activities outside Germany. His replacement at Union Investment Real Estate will be announced shortly, the company added. Also leaving Union Investment at the end of the year is Rolf Zarnekow, head of asset management for the European and North American core markets.
German property company Union Investment Real Estate said on Friday that Michael Montebaur, member of the management board, is leaving the company with effect from 31 January 2009 to set up his own business. Montebaur's responsibilities as a board member of the Hamburg-based property fund manager include real estate activities outside Germany. His replacement at Union Investment Real Estate will be announced shortly, the company added. Also leaving Union Investment at the end of the year is Rolf Zarnekow, head of asset management for the European and North American core markets.
