Hansainvest Real Assets opening to third-party investors
Hansainvest Real Assets is for the first time preparing a real estate fund that will be open not only to insurance parent Signal Iduna but to other German institutionals as well. The launch is expected this summer. The fund will invest €300mn to €400mn in European logistics properties, with a starting portfolio consisting of three or four properties in the UK, the Netherlands, and Germany of Hansainvest’s existing assets. Growth is also envisioned in the development sector with the help of partners. The joint venture with GEG for the Global Tower project is to be followed by further joint projects with housing or commercial developers, with volumes of €80mn to €120mn. Hansainvest’s current project portfolio comes to €750mn.
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