Daniel Werner runs value-add business for Warburg-HIH
Warburg-HIH Invest has appointed Daniel Werner (45) as Head of Transaction Value Add Germany. He joins the company from Hochtief Projektentwicklung, where he was most recently in charge of the Hamburg office. The newly created value-add business unit is supposed to invest €300mn in German office property this year. The properties will be returned to market level within three to five years and then sold. Warburg-HIH, who had previously focused on core and core plus properties, had announced its intention to get into the value-add business back in February.
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