Union Investment Acquires Assets Across Europe
Union Investment has been actively investing in real estate assets throughout Europe.
In Munich, the firm acquired the Prinzregentenplatz 7–9 office building from Warburg-Henderson KAG. The 20,030-square-metre office complex was acquired on behalf of the UniImmo: Deutschland open-end real estate fund.
In Flensburg, Germany, Union Investment purchased a shopping centre for its new real estate fund for institutional investors, UII Shopping Nr 1. Förde Park comprises 46,861 square metres of retail space and is 100 percent let.
In addition, Union Investment has acquired a single-storey mall in Neubrandenburg, Germany, on behalf of the UniInstitutional European Real Estate fund. The 46,840-square-metre Bethanien Centre at Mirabellenstrasse 2 was sold by Captiva Capital Pa