Real estate asset manager QSix has appointed Christian Daumann as Chief Executive Officer of its German operations with immediate effect.
Daumann will succeed Jörg Schwagenscheidt, who has been CEO of QSix Germany since 2015. Schwagenscheidt will remain a partner of QSix Group, focussing on QSix Germany’s strategic initiatives and leveraging his extensive experience, industry contacts and political relationships.
Daumann has over 25 years’ experience in the real estate investing, asset management and finance sectors. He joins QSix from Ivanhoé Cambridge, the real estate subsidiary of the Quebec state fund and global investment group CDPQ, where he spent the last four years as head of Investments, Germany.
During his tenure there, he played a pivotal role in building Ivanhoe Cambridge’s platform in Germany, overseeing value-add and opportunistic investments in residential, logistics and mixed-use assets, heading asset management from 2019-2022. Under his supervision, Ivanhoe Cambridge’s investments grew exponentially, tripling in value to surpass €1 bn in under three years.
He has also previously held senior positions at Morgan Stanley, where he grew the expansion of Cerberus/LNR to more than €4.5 bn of distressed loans under management during the global financial crisis. He was CEO of market listed Anterra AG and a board member at Hamburg Trust, then co - owned by Colony Capital, where he was in charge of Asset Management and Investing with a focus on residential, micro apartments and student housing investments. He started his career in the restructuring group of Heleba commercial bank where he focussed on restructurings of large scale distressed commercial real estate debt.
QSix invests in German residential property across two strategies, the LSE-listed fund, Phoenix Spree Deutschland (PSD), and in cooperation with affiliates of Partners Group, the global private markets firm.
