Reinhard Mattern is taking charge of the real estate transactions and administration division at German fund manager iii-investments. He replaces Jost Wanninger who is retiring at end-August this year.

The company will be managed by two managing directors in the future. Mattern will take over Wanninger's responsibilities in addition to his current responsibilities for portfolio management, research and institutional clients.

Bernd Schöffel remains responsible for accounting, valuation, business services, legal, risk management and HR.

iii-investments is the real estate investment company for special property funds of the HypoVereinsbank in the UniCredit Group. The company manages real estate worth a total of around EUR 4.6 bn across 13 European countries.