Fundraising - OCTOBER 4, 2016

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Union Investment launches German residential investment fund

by Andrea Waitrovich

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

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