AEW secures €275m logistics separate account mandate from German insurer

A German insurer has awarded real estate manager AEW a €275m logistics separate account mandate.

AEW said the initial amount secured from the unnamed insurance group will be invested in key logistics hubs and conurbations across Germany.

Marc Langenbach, head of funds and separate accounts Germany said: “The aim of the mandate is to generate a sustainable dividend yield from assets in premium locations.

“We have already identified a pipeline of initial investments for this mandate.”

In November 2018, AEW expanded its German investment management business with the acquisition of Hypoport Invest, adding a German regulated management capability to its platform.

In addition to AEW Europe Value Investors II fund which was launched in the first quarter of this year, this mandate represents the second real estate special fund set up under the newly created KVG.

Stephan Bönning, managing director Germany and Central Europe at AEW said: “The mandate complements AEW’s German special funds platform, which now covers all commercial property sectors.

“The mandate will be implemented through our German platform using the local and experienced tea

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  • QN-2559

    Asset class: Multi Assets.
    Asset region: -.
    Size: EUR 15m (may be split into two mandates EUR 7.5m).
    Closing date: 2019-09-06.

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    Asset region: Global.
    Size: $40m.
    Closing date: 2019-08-30.

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    Asset region: Global.
    Size: $40m.
    Closing date: 2019-08-30.

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