AEW has been awarded a new separate account mandate from a German insurance group for the establishment of a German core logistics portfolio. The investor has initially committed €275 million of equity to be invested in key logistics hubs and conurbations across Germany.
In November 2018, AEW expanded its German investment management business with the acquisition of Hypoport Invest GmbH, adding a German regulated management capability (AIFM) to its platform, now acting as AEW Invest GmbH. In addition to AEW Europe Value Investors II Fund which was launched in Q1 2019, this mandate represents the second real estate special fund set up under the newly created KVG.
Dr. Marc Langenbach, Head of Funds and Separate Accounts Germany commented: “The aim of the mandate is to generate a sustainable dividend yield from assets in premium locations. We have already identified a pipeline of initial investments for this mandate.”
Stephan Bönning, Manging Director Germany and Central Europe at AEW commented: “The mandate complements AEW’s German special funds platform, which now covers all commercial property sectors. The mandate will be implemented through our German platform using the local and experienced team.”
Source : Company