Union Investment launches German residential investment fund
Deutsche Asset One, a Dupuis Investment & Asset Management company focusing on residential real estate in Germany, has been commissioned by Union Investment to set up an open-end special investment fund investing in residential real estate across Germany.
The fund is a special investment fund formed through a pure equity club deal with German institutional investors. The first investment tranche totals €170 million ($190 million), with expansion planned after the investment of the initial capital commitments.
The aim of the partnership is to set up a well-balanced residential real estate portfolio consisting of existing properties and new projects. As part of the portfolio strategy, investment funds will be split across A cities, B cities in metropolitan regions and selected C cities in Germany with particularly above-average spending power and anticipated population growth.
“Despite the rise in real estate prices across the board, the