AEW secures €100m separate account mandate from German pension fund

AEW has been awarded a new separate account mandate from a German pension scheme for the establishment of a pan-European, core portfolio.

The investor has initially committed €100 million ($112 million) of equity to 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. The investment strategy will be focused on investment opportunities in markets that will benefit from growth in tenant and investor demand.

“With more than €100 million ($112 million) of assets already under exclusivity, we have already made significant progress in building the portfolio,” said Marc Langenbach, head of fund management and separate accounts Germany at AEW, in a statement. “The implementation of this mandate will involve all our local teams across our European platform of 10 offices.”