KanAm Grund Group has created a new ESG Strategy department and promoted Manuel Hein to run it. 

The German fund manager said it had merged its Sustainability & Analysis and Sustainable Asset Strategy groups to form the new department. Hein, who previously led the Sustainable Asset Strategy is now responsible for all internal ESG measures, both from a regulatory perspective and at property level. 

Jan Jescow Stoehr, managing director at KanAm, said: "The ESG Strategy department plays a central role in our organisation. By merging the previous departments, we will be able to make our processes and activities in the area of sustainability even more efficient and transparent in the future. This will enable us to better meet the growing requirements and potential of the market and our investors."

KanAm has €7.09 billion ($7.73 billion) of real estate assets under management, including The Nexus, a 10,000 sq m Berlin office building (pictured above).