German pension fund awards AEW Europe €100m mandate
Written by Natalie Tuck
An unnamed German pension fund has awarded AEW Europe €100m of equity to be invested in commercial and residential real estate.
It is expected the new pan-European core portfolio will be expanded over the next few years. AEW head of fund management and separate accounts Germany Marc Langenbach said: “The aim of the mandate is to build a sustainable real estate portfolio with an attractive dividend yield for our client.
“The investment strategy will be focused on investment opportunities in markets that will benefit from growth in tenant and investor demand. With more than €100 million of assets already under exclusivity, we have already made significant progress in building the portfolio. The implementation of this mandate will involve all our local teams across our European platform of 10 offices.”
AEW country head of Germany Stephan Bönning: “It is an endorsement of our firm that one of our existing fund investors has awarded us this new separate account mandate. We look forward to building this core portfolio for our client and taking a further step forward in growing our fund management platform in Germany.”