AEW riceve da un fondo pensioni tedesco un incarico da 150 mn per investire in Francia

AEW has been awarded a new €150 million separate account mandate from German public pension fund Rheinische Versorgungskassen (“RVK”) to undertake a core investment strategy focused on French office and retail assets. RVK has a €1.5bn real estate portfolio and this asset class plays an important role in the overall portfolio allocation of the Cologne based pension fund. AEW was selected following a competitive tender process, and RVK were advised by Investment Consultant RMC Risk-Management-Consulting.

With target leverage of between 40-45%, the mandate will have a total investment capacity of €250 – €300 million. It will specifically focus on retail and office assets, with an 80% weighting on the Paris market. AEW has already established a pipeline of over €100 million of potential acquisitions, with a number currently in due diligence.

Stephan Boenning, Head of Germany and CEE at AEW, commented: “We are delighted to have been awarded this mandate which demonstrates the importance of our European platform and our ability to draw on a network of local experts.  We have already identified a number of investment opportunities in France and are looking forward to making our first acquisitions on behalf of RVK in the next weeks.”

Source  : AEW