AEW secures European value-add mandate from German pension

AEW has been awarded a new separate account mandate from a German pension fund for the establishment of a value-add real estate portfolio.

The investor has committed an initial €150m of equity that will target opportunity-driven and value-add niche investments across sustainable growth sectors.

With leverage, the EU’s Sustainable Finance Disclosure Regime (SFDR) Article 8-compliant mandate will have a total investment capacity of €375m and will mainly target investments in the major European markets.

Christina Ofschonka, head of Germany and CEE at AEW, said: “With this mandate, we can utilise the strength of our pan-European platform to identify relative value for our client and build up a portfolio that is diversified across asset classes and locations, generating an increased return through active asset management initiatives.

“We will primarily focus on securing strategic investment opportunities in targeted locations that offer significant repricing or that will benefit from attractive growth.”

Lars-Henning Pylla, fund manager of the separate account mandate at AEW, added: “Against the evolving macro-economic backdrop, including recent market uncertainty, our clients are looking for investment partners to help them position their real estate portfolios in a pragmatic and disciplined way.

“We have already identified several investment opportunities for this new mandate and are looking forward to making our first acquisition.”

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