HAMBURG, GERMANY-In the past calendar year, Union Investment has acquired $1.87 billion (EUR 1.37B) of new capital for its institutional real estate funds.
Union Investment expanded its broad-based offering for institutional investment requirements by introducing six new products. These include a special fund focused on budget hotels and an infrastructure fund for renewable energy.
“We are particularly pleased that our strong investment team has allowed us to invest most of the acquired capital in attractive assets already,” said Christoph Schumacher, a member of the management team at Union Investment Institutional Property GmbH. “The start-up phase of our new products has been highly successful in the hotel segment, but also in terms of office real estate in mid-sized German cities.”
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
