HAMBURG, GERMANY-Bent Muehlena has been named the new head of the Real Estate Project Management department at Hamburg-based Union Investment Real Estate GmbH. The move was to be effective Sept. 1.
The 45-year-old Muehlena who holds a degree in engineering, takes over for Bernd Schade, who is joining department store group Breuninger. Muehlena has been with the Hamburg-based property fund manager since 1999. Most recently he was in charge of the Real Estate Project Management International/Europe section.
In this new role, Muehlena will lead a 30-strong team consisting of architects, civil engineers and project managers. His key responsibility will be developing new-construction projects as well as major refurbishments and extensions of existing properties. Quality assurance is another key aspect of Muehlena's work. Last year, development projects accounted for more than a third of the $3.3 billion (EUR 2.5B) that Union Investment invested in real estate.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
