Global asset manager AEW has been awarded a new separate account mandate from a German pension scheme for the establishment of a pan-European, core portfolio with a starting value of €100 mln.
The initial equity will be invested in commercial and residential real estate and it is expected that the portfolio will be expanded over the next few years.
'The aim of the mandate is to build a sustainable real estate portfolio with an attractive dividend yield for our client,' said Marc Langenbach, head of fund management & separate accounts Germany at AEW. 'The investment strategy will be focused on investment opportunities in markets that will benefit from growth in tenant and investor demand.'
He added: 'With more than €100 mln of assets already under exclusivity, we have already made significant progress in building the portfolio. The implementation of this mandate will involve all our local teams across our European platform.'
As of 31 March 2017, AEW managed €26.6 bn of real estate in Europe and €60 bn property assets worldwide. In the last five years, the company has invested and divested a total volume of over €17.5 bn of real estate across European markets.
_____________________________________________
European Outlook H2: Germany
Union Investment Real Estate
Valentinskamp 70 / EMPORIO, Hamburg, 20355, Germany
09:00 - 11:30
New Governments in France & UK, BREXIT negotiations - what is the outlook for Germany and European Real Estate markets?
Our regular series of European Outlook Briefings analyses the market in the first half of 2017 and the outlook for the second half of the year and beyond. European Outlook events will be held in London, Paris & Hamburg looking at both the home market and the wider European markets to get a real sense of how the three largest markets will perform within the context of European investment as a whole. And bringing you the view from both London & Paris on your market.
Germany overtook the UK in the property investment stakes in 2016 and this year it has been consolidating its dominant position in Europe. What are the prospects for the rest of 2017? Are the upcoming political elections creating any uncertainty in the market, or will Germany remain Europe's safe haven in investors' eyes? Will foreign capital continue to pour into the property sector? To what extent are intense competition and lack of product becoming a problem across Europe? To what extent will Germany benefit from Brexit? Will Frankfurt and Berlin be the main beneficiaries? Or will this go to Paris, Dublin? Will the top seven cities continue to attract most investors' interest? What are the opportunities in secondary cities? Is there a common theme across Europe? Will offices continue to be the most sought-after asset class? Will residential - from high-end to student housing - continue to be a success story? What about logistics?
Join industry leaders in Hamburg for a time-efficient briefing on the current market and the outlook for the second half of the year. Leading market participants share their views and you have your chance to put your own questions to the panel in this interactive discussion.
Attendance is complimentary for our readers and guests of the speakers but space is strictly limited so please register now to book your place
