Values Real Estate has been selected to provide investment advice and asset management services for a €910 mln Austrian real estate portfolio.
Launched in 2018 by Universal Investment for Bayerische Versorgungskammer (Bavarian Chamber for Social Benefits and Pensions), this portfolio consists of ten residential and office properties concentrated in Vienna.
The focus is on high-quality residential and office properties, with a strategic emphasis on acquiring prime Vienna real estate in the future.
The current portfolio encompasses 200,000 m2s of rental space. Constructed between 2018 and 2022, these properties feature innovative architecture and high construction standards. Notably, each property holds a DGNB Gold or Platinum certification, a testament to their commitment to sustainability.
Dr. Carsten Fischer, CEO of Values Real Estate, said: ‘We are proud to be able to take on this mandate. It underlines our dynamic expansion, which we have been actively pursuing since the end of last year. Vienna is a sought-after location in the European real estate market. We would like to thank the Bavarian Supply Chamber for the trust they have placed in our expertise as asset and investment managers for first-class core properties.’
Felix Becker, deputy head of Real Estate Investment Europe at Bayerische Versorgungskammer, added: ‘We are pleased that with Values Real Estate we were able to find an experienced and reliable manager for our core portfolio so quickly and can now continue our collaboration in Austria.’
The Vienna Twentytwo project in Vienna’s Danube City further strengthens the portfolio. Upon completion, the 153-meter residential and office tower will become part of Values' management umbrella.
Responsibility for portfolio management lies with Daniel Pavic, who already looks after Values' two other real estate mandates for Bayerische Versorgungskammer, Germany's largest public-sector group, offering care provision and pension funds.
