GERMANY – German insurer HUK-Coburg has awarded a €300m infrastructure mandate to private equity and infrastructure boutique Golding Capital Partners.
HUK-Coburg Asset Management, which manages €26bn in assets for the insurance group, plans to expand and "broadly" diversify its infrastructure exposure.
Munich-based Golding Capital Partners stated that the mandate would include "traditional assets in the transport, energy and utilities sectors", as well as renewable energy assets.
The portfolio will include investments in funds as well as co-investments and direct investments.
Erich Häs, managing director at HUK-Coburg Asset Management GmbH, said the "direct investment competence of the Golding team convinced us”, highlighting this as "an absolute prerequisite for making qualified investment decisions in the infrastructure area".
Meanwhile, Austrian real estate company EHL Immobilien was mandated by German fund manager Warburg-Henderson to help with the planned sale of assets in its Austrian real estate Spezialfonds.
Warburg-Henderson issued its Österreich Fonds Nr. 1 in 2002 and has now entered its planned divestment phase. Three of the 13 properties in the funds have already been sold and the remaining 10 assets have a total value of €220m.
In total, the remaining properties comprise 110,000 sqm with 80% of in the retail sector in Vienna and provinces, and the rest in office buildings in and around Vienna.
EHL confirmed that the whole of the portfolio is to be sold either in bulk or piecemeal.
Earlier this month, Warburg-Henderson announced another purchase for its Österreich Fonds Nr. 2 launched in 2011.
