HIH Invest Real Estate GmbH (HIH Invest) launched another investment fund together with Vonovia, a listed German housing company. In analogy to the first joint fund, which was launched in September 2024, HIH Invest is invested in the new fund via a regulated AIF and as majority shareholder on behalf of a club of institutional investors. Vonovia will handle the property management, while HIH Invest will act as asset manager and fund manager.
The fund already acquired 10 properties in Germany with a combined investment volume of approximately €516 million ($562.4 million). Eight of the properties are developments and new-build structures, while two represent existing properties that were thoroughly modernized. The properties were sold by GSW and Buwog, both being Vonovia member companies. The total lettable area of the properties equals 127,000 square meters (1.4 million square feet), with about 97,600 square meters (1.1 million square feet) of residential and 8,700 square me
