Volker Noack has been a member of the Management Board of Union Investment Real Estate GmbH since 2010. He is responsible for asset management of the company’s global real estate portfolio, which is currently worth around EUR 32.9 billion. His department oversees the Real Estate Asset Management team, which includes regional Asset Management units for Germany, Europe and Overseas and dedicated units covering Retail and Hospitality, with duties that comprise all the value-relevant activities in the real estate lifecycle. Noack is also responsible for the implementation and quality assurance of new build projects and for remodelling/extension work on existing real estate assets, all of which are handled by the Real Estate Project Management unit. In addition, he heads up the Data Management and Real Estate Services department.
Volker Noack has a degree in business administration and joined Union Investment Real Estate in 1996, working initially in the research section. In 2002, he joined the real estate financial control and expert appraisals team, subsequently serving as head of this department. Volker Noack was then head of the fund management department for three years, where his remit included managing the company's largest retail fund. Before taking over the Asset Management division, Noack was responsible for fund and equity interest management as managing director.