AEW secures €275m logistics separate account mandate

AEW has been awarded a new separate account mandate from a German insurance group for the establishment of a German core logistics portfolio. The investor has initially committed €275 million ($308 million) of equity to be invested in key logistics hubs and conurbations across Germany.

“The mandate complements AEW’s German special funds platform, which now covers all commercial property sectors. The mandate will be implemented through our German platform using the local and experienced team,” said Stephan Bönning, managing director Germany and Central Europe at AEW.

In November 2018, AEW expanded its German investment management business with the acquisition of Hypoport Invest GmbH, adding a German regulated management capability (AIFM) to its platform, now acting as AEW Invest GmbH. In addition to AEW Europe Value Investors II Fund, which was launched in first qu