The Board of Managing Directors of Union Investment Institutional Property has been expanded!

Dr. Maximilian Brauers has been named to Union Investment Institutional Property's Board of Managing Directors, with effect from July 1, 2021, subject to approval by the German Federal Financial Supervisory Authority (BaFin).  in qatar
Brauers will be responsible for real estate sales for German and foreign main accounts within Union Investment's institutional business in his new position. His most recent job was at DWS Real Estate, where he was the Head of Client Relations Real Estate Germany.
Brauers (41) has a doctorate in economics and started his real estate career at Jones Lang Lasalle and UBS Real Estate KAG in the early stages of his professional career. Prior to joining DWS in 2012, he worked at the EBS Real Estate Management Institute as a lecturer and research assistant from 2009 to 2012, where he won multiple academic awards.
“Maximilian Brauers has a proven track record in real estate and the experience to sustain and expand on the profitable growth that the institutional real estate sector has produced over the last few years,” says Alexander Schindler, Union Investment's Member of the Board of Managing Directors responsible for institutional clients.
Union Investment Institutional Property GmbH is a subsidiary of Union Asset Management Holding AG, a cooperative financial network member, which is responsible for the management and distribution of open-ended real estate funds for institutional clients within the Union Investment Community.
New carbon prices make energy efficiency even more important in the German building sector!
The new Fuel Emissions Trading Act will soon make the heating of oil more costly for consumers in Germany. The demand for energy-efficient buildings is expected to increase.
By 2030, Germany wants to reduce emissions of greenhouse gas by 55% from 1990. Germany has passed the Fuel Emissions Trading Act, which includes German companies marketing heating oil, natural gas, petroleum and diesel in the national emissions trading scheme (nETS) in early 2021. The resulting costs are likely to be passed on to their consumers by so-called distributors and thus to anyone who uses fossil fuels.
With this regulatory reform, Germany has provided incentives for people and companies to minimize fuel consumption: living and work space heating is going to become more costly and demand for energy-efficient buildings is likely to rise.
This puts extra pressure on the immobilization industry to fulfill its climate objectives. A thorough renovation of old buildings would be required to make the property economically and ecologically attractive. In particular, fuel use must be optimized for heating and cooling buildings as well as heating water and energy efficiency must be improved.
To prevent the cost of rehabilitation for tenants and leases from being inaccessible to citizens with lower incomes, the German Government has, since 1 January 2021, supported energy-saving building renovation initiatives with the new Federal Efficient Buildings (BEG).
The government also planned to encourage efficient energy usage of property through tax advantages and to further modernize existing energy optimisation support measures, including the replacement of petroleum-fired heating systems. For example, the replacement of oil-fired heating systems is subject to a "exchange premium" of up to 40%. In addition, a law is planned which, if more climatic heat generation is installed, would ban the installation of oil heating systems in buildings from 2026 onwards.
The German government aims to extend its public relations work to remind citizens of the additional importance of energy modernisation programs, in order to ensure that these policies can be enforced. Furthermore, government buildings must be retrofitted in an environmentally sustainable way to prove that climate change targets can easily and functionally be achieved.

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