Ellguth to head DIG’s new grocery retail property division

Achim Ellguth has been appointed head of asset management at Deutsche Investment Retail, assuming responsibility for all asset management activities in the company’s growing retail real estate portfolio.

DIR said his first job will be to assemble a team. Ellguth has about 14 years of industry experience as an asset and portfolio manager, most recently working as head of group portfolio management at Centerscape Deutschland & Co. Specifically, he has extensive knowledge of the grocery retailing segment.

DIR is part of the Deutsche Investment Group and was formed in 2019 specifically to cover grocery retail and the Deutsche Investment – Food Retail I fund was launched in April 2020.