CBRE Investment Management Appoints Sebastian Ehrhardt Country Manager Germany

CBRE Investment Management has appointed Sebastian Ehrhardt as the Country Manager for Germany, assuming the Country Manager role from Marius Schöner who held the dual position of Country Manager and Head of the EMEA Residential Operator Division. Under Schöner’s leadership, as Country Manager, assets under management in Germany have grown from almost €1 billion in 2014 to around €5 billion currently. Schöner will remain part of the German Management Board but will focus on building out the residential platform in Europe, a strategic priority for the firm which has ambitious growth targets for the sector.

Ehrhardt joined CBRE Investment Management (CBRE IM) seven years ago and has held various roles since then including investment manager for value-add investments, Head of Asset Management for retail, and is a member of CBRE IM’s German Management Board. As Head of Transactions for the DACH region, a role he will continue in, Ehrhardt was instrumental in securing and executing the two-phased acquisition of a German residential portfolio with a total purchase volume of around €920 million in 2023.

Schöner, who has been Head of EMEA Residential Operator Division since 2021, said: “This asset class is one of our most important growth markets in Europe. Our EMEA residential platform has €11 billion¹ assets under management and over the last three years, the direct residential property portfolio we manage has grown by 40 percent to around €6 billion. We aim to double our portfolio volume in the EMEA region over the next three years and realising these growth ambitions requires my full focus.”

Schöner added: “Sebastian has made a significant contribution to our business development in Germany. Together, with our co-managing directors and wider team, we have established CBRE IM into one of the leading investment managers in this country. We look forward to continuing our successful collaboration and want to grow further in Germany, particularly in the residential property sector.”

Ehrhardt commented: “Over the past seven years, I've collaborated with my team at CBRE IM, fulfilling various roles in investment management. As the new Country Manager, I'm excited to leverage my extensive experience to enhance our German business and continue fostering teamwork and growth.”

¹The figure shown combines both direct and indirect investments at Q3 2023

About CBRE Investment Management

CBRE Investment Management is a leading global real assets investment management firm with $147.5 billion in assets under management* as of December 31, 2023, operating in more than 30 offices and 20 countries around the world. Through its investor-operator culture, the firm seeks to deliver sustainable investment solutions across real assets categories, geographies, risk profiles and execution formats so that its clients, people and communities thrive.

CBRE Investment Management is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBRE), the world’s largest commercial real estate services and investment firm (based on 2023 revenue). The company has more than 130,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE Investment Management harnesses CBRE’s data and market insights, investment sourcing and other resources for the benefit of its clients. For more information, please visit www.cbreim.com.

*Assets under management (AUM) refers to the fair market value of real assets-related investments with respect to which CBRE Investment Management provides, on a global basis, oversight, investment management services and other advice and which generally consist of investments in real assets; equity in funds and joint ventures; securities portfolios; operating companies and real assets-related loans. This AUM is intended principally to reflect the extent of CBRE Investment Management’s presence in the global real assets market, and its calculation of AUM may differ from the calculations of other asset managers and from its calculation of regulatory assets under management for purposes of certain regulatory filings.