IVG To Launch New Real Estate Funds

BERLIN-German property group IVG is to launch a number of new real estate funds in the next few months, many theme-oriented, such as a green fund just introduced, according to the CEO. The group will invest at 25% or more in equity, and will set high value on aligning company interests with institutional investors, said Gerhard Niesslein.

He told a press conference he will take over responsibility for funds after departure of board member Georg Reul in late March. “You are going to see a lot of innovative product over the next six to eight months. We may be the largest fund manager but it’s a well known fact we have not been leading in customer satisfaction. The key now is to demonstrate an alignment of interests between IVG and our clients,” Niesslein said.