Petia Zeiringer appointed to management board of Union Investment Real Estate Austria AG

She has been with the company since 2007, working in multi-asset portfolio management and most recently in risk management. As a new board member, Petia Zeiringer will be responsible for fund management and asset management. The three-member leadership team of the Vienna-based property fund manager also includes Kurt Rossmüller, who is responsible for investment management, and Manfred Stagl, who oversees risk management. Petia Zeiringer takes over board responsibility for fund management and asset management from Kurt Rossmüller, who headed up the areas on an interim basis since the beginning of 2020.

Petia Zeiringer studied at Vienna University of Economics and Business and holds a master’s degree in Business Administration and a master’s in Business Education. Alongside her work duties, she successfully completed the Austrian Banking Academy’s Certified Portfolio Manager (CPM) course and qualified as a Certified Real Estate Investment Analyst (CREA®) at the International Real Estate Business School (IREBS).

Thanks to her many years in portfolio management and her senior risk management role, Petia Zeiringer benefits from broad knowledge and experience of the company’s business model, structure and service portfolio, as well as its products and processes.

Union Investment Real Estate Austria AG (formerly Immo Kapitalanlage AG) has been part of the Union Investment Group since 2015 and manages immofonds 1, one of Austria’s largest open-ended real estate funds for private investors. The fund invests in Germany and Austria and had total assets of EUR 1.12 billion at the end of the year. Since its acquisition by Union Investment, the company has steadily increased its market share, which now stands at around 11.7 per cent (as at 30 November 2020).