Publications

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

UBS Asset Management awarded €300m European office mandate

by Andrea Waitrovich

UBS Asset Management has announced a €300 million ($330 million) pan-European real estate investment mandate by Italian life insurance company Poste Vita S.p.A., which can be extended up to €500 million ($550 million). The investment is structured as an Italian Real Estate Alternative Investment Fund called the UBS-Diamond Eurozone Offices fund. UBS-DEO will target core and core-plus investment opportunities with a focus on new or recently developed office assets that have high occupancy secured by long-term leases and are in prime locations within the top 10 to 15 cities in the euro zone. It will mainly target direct investments ranging in size from €50 million to €100 million ($55 million to $110 million). Despite the uncertainty following the recent U.K. Brexit vote, numerous real estate investment mandates have been awarded in the rest of Europe.

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?