Union Investment: Institutional business growing thanks to Service-KVGs


Union Investment increased the investment volume of its institutional funds by 13% this year, and now manages €10.3bn. According to managing director Wolfgang Kessler, a disproportionately high increase of 50% was recorded in the capital investment company (Service-KVG) segment, where the company managed €4.5bn at the end of November. A total of 46 properties with a volume of over €2bn were acquired for its Service-KVG mandates, and 14 properties were acquired for around €705mn for institutional mutual funds and Spezialfonds. The company also transacted sales exceeding €170mn. Union Investment has announced new investment products for niche markets for 2019. This year it launched a fund for residential real estate together with ZBI Immobilien AG. Since 2017 it has maintained a vehicle for microapartment complexes with “Urban Living Nr. 1”.

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