UBS Asset Management wins €225m real estate multi-manager mandate

UBS Asset Management’s (UBS-AM) Real Estate & Private Markets (REPM) business announces that its multi-managers real estate (MM-RE) business area has been awarded a €225 million ($250 million) mandate by a major German institutional client to invest in unlisted property funds in developed real estate markets worldwide. This latest mandate win increases total assets under management, including commitments, by the MM-RE team to more than $17 billion.

“This is an excellent result and illustrates the extent to which our MM-RE product has gained further traction in the German market, having attracted the attention of one of the country’s leading institutions,” said Joerg Sihler, head of corporate clients of UBS Deutschland AG. “There is a growing awareness of real estate as a convincing indirect investment proposition on account of the attractive uncorrelated returns it can offer, in addition to the possible income upside in the current low interest rate environmen