• Wolfgang Kessler

    Trust is our greatest asset.

    Wolfgang Kessler, Managing Director and Fund Manager

  • Carsten Thiel

    Every balanced portfolio needs real assets

    Carsten Thiel, Fund Manager

  • Matthias Bulir

    We are always directed by our client’s mandate.

    Matthias Bulir, Fund Manager

  • Jens Völker

    Thematic funds enable more targeted and diversified investment.

    Jens Völker, Fund Manager

  • Hubertus Bäumer

    Special  funds deliver solutions for individual needs.

    Hubertus Bäumer, Head of Institutional Property Solutions

Special funds

We have a more than 40-year track record as experts for special funds. For us, this category includes open-ended and closed-ended thematic funds and club deal solutions for one or more investors.

Tailored solutions

We develop tailored product solutions for large investment amounts. Our experts select the product vehicle and specific property strategy in line with client requirements. These vehicles can be designed for a sole investor or for a larger group of investors.

Thematic funds

The main advantage of thematic funds is that they enable specialisation in a defined area. The investment activity of our thematic real estate funds is focused on a number of different sectors. Investors with specific requirements can choose to invest in a single property type, such as shopping centres or hotels. Thematic funds are also of interest to investors seeking greater portfolio diversification. Additionally, clients avoid the need to acquire the specialist knowledge which is often required for such investments.

1977 Launch of first special fund
7 Number of special funds
€ 1.8 billion Assets under management

Fund managers

Wolfgang Kessler

Wolfgang Kessler

Areas of responsibility

  • Member of the Management Board of Union Investment Institutional Property GmbH
  • Fund manager of DEFO-Immobilienfonds 1
Carsten Thiel

Carsten Thiel

Areas of responsibility

  • Fund manager of DIFA-Fonds Nr. 3
  • Fund manager of Unilnstitutional European Real Estate
  • Fund manager of Urban Living Nr. 1 
  • Funds Manager of Urban Campus Nr. 1
  • Fund manager of Unilnstitutional Infrastruktur SICAV-SIF Erneuerbare Energien (renewable energy)
Matthias Bulir

Matthias Bulir

Areas of responsibility

  • Fund manager of Unilnstitutional German Real Estate
  • Fund manager of Ull GermanM
Jens Völker

Jens Völker

Areas of responsibility

  • Fund manager of Ull Shopping Nr. 1
  • Fund manager of Ull Hotel Nr. 1
Hubertus Bäumer

Hubertus Bäumer

Areas of responsibility

  • Head of Institutional Property Solutions

Short profiles of the fund managers

Wolfgang Kessler

Wolfgang Kessler has been a member of the Management Board of Union Investment Institutional Property GmbH since 2002 and responsible for managing funds for institutional real estate investors. Prior to joining the management team, Kessler, who has a degree in business administration, was head of real estate controlling, portfolio management and research at Union Investment Institutional Property.

Wolfgang Kessler studied property economics at EBS and is a chartered surveyor (RICS, Royal Institution of Chartered Surveyors). Before joining the company, he worked in numerous positions in the property sector, focusing on the development, management and investment in residential and commercial properties.

Carsten Thiel

Carsten Thiel joined the Union Investment Group in April 2004. He has been fund manager of UniInstitutional European Real Estate and of a real estate special fund since October 2007. In 2012, he additionally took on responsibility for a fund specialising in renewable energy.

From 2000 to 2004, Carsten Thiel worked for the real estate subsidiary of private bank M.M.Warburg & CO. In spring 2008, Thiel acquired an MBA with a focus on finance. Prior to that, in addition to his first degree in construction management he completed a real estate course at the European Business School in Oestrich-Winkel alongside his work duties.

Matthias Bulir

Matthias Bulir is the fund manager of Unilnstitutional German Real Estate and Ull GermanM. He specialises in the company’s German fund products and has been with Union Investment since April 2007.

He started his career at residential construction company Nassauische Heimstätte in Frankfurt am Main as a real estate and residential property manager. With a degree in business administration, focusing on financial services, from Aschaffenburg University of Applied Sciences, he has an in-depth understanding of the capital investment requirements of banks, insurance companies and pension funds.

Prior to joining Union Investment, Bulir helped to successfully develop the real estate portfolio management activities of insurance company Alte Leipziger-Hallesche in Oberursel/Taunus.

Jens Völker

Jens Völker has been a fund manager at Union Investment Institutional Property GmbH in Hamburg since April 2013. His main function is management of the special institutional real estate funds UII Shopping Nr. 1 and UII Hotel Nr. 1. From 2011 to March 2013, he worked at Union Investment as a senior research analyst.

From 2008 to 2010, he was an umbrella fund manager at Pacific Star Europe, where he oversaw the development of an Asian umbrella fund. Prior to that, Völker spent eight years at E.ON Energie AG, where he held various roles, working firstly as a portfolio manager for the direct real estate holdings and subsequently as an umbrella fund manager in the capital investment team for indirectly held real estate. From 1995 to 2000, he was employed as an asset manager at residential construction company Plambeck.

Jens Völker is a qualified real estate industry professional and expert real estate valuer.

Your contact

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