CBRE Investment Management Appoints Sebastian Ehrhardt Country Manager Germany – Marius Schöner expands his EMEA role as Head of the Residential Operator Division
1 March 2024
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 billion 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.”
Source: CBRE
