AEW receives €250m separate account mandate for German real estate investments

AEW has secured a new separate account mandate from a German pension fund to establish a real estate portfolio, which would invest up to €500 million ($561 million) into commercial and residential assets across Europe.

The unnamed investor has made an initial capital commitment of €250 million ($280 milion).

The mandate was established under the company’s new alternative investment fund managers directive and will be managed under AEW’s German special fund platform.

“The aim of the mandate is to build up a portfolio for our investor that is diversified over the long term across asset classes and locations, generating an increased return through active asset management,” said Marc Langenbach, head of fund & separate accounts of Germany at AEW. “In this context, we will primarily focus on real estate transactions in markets that offer a special window of opportunity or locations that will benefit from attractive growth.”

He added that AE