Pressinformation

Hamburg-based Union Investment Real Estate AG has purchased two office buildings in Munich for its UniImmo: Deutschland open-ended real estate fund. The company has acquired Laim290 from Vivico Real Estate AG in a transaction worth around EUR 30 million.The Pfisterstock office/commercial building in the Alter Hof complex in Munich was also purchased, with the vendor being Bayerische Hausbau GmbH.

Other prizes awarded to Alsion in Sonderborg and WestendDuo, Frankfurt/Special prize for Seewürfel in Zurich. The prizewinners of the first European prize for sustainable real estate investment have been announced in a special ceremony at EXPO REAL, the commercial property show in Munich. Organised by Union Investment, the Prime Property Award recognises real estate projects in Europe that show exceptional ecological quality, combined with commercial and socio-cultural sustainability.

Kristina Palace office development project in Budapest acquired for UniImmo: Global - Union Investment Real Estate AG has completed the UniImmo: Global fund's first acquisition in Central and Eastern Europe in the shape of the Kristina Palace development in Budapest. Situated in a very central location on the Buda side of the river, close to Déli train station, the new Kristina Palace office building is scheduled to open in June 2009 and will comprise some 18,000 square metres of Class A rental space.

Established mall in Katowice acquired for UniImmo: Global - Union Investment Real Estate AG is extending its retail portfolio in Central and Eastern Europe by purchasing the 37,000 square metre "3 Stawy" shopping centre in Katowice, Upper Silesia. Established for many years and fully let, the mall complements the portfolio of UniImmo: Global while also allowing the fund to add a further core plus market to its holdings.

Union Investment Real Estate AG is buying the Mövenpick Hotel Frankfurt City from Vivico Real Estate GmbH for its open-ended institutional real estate fund Immo-Invest: Europa, investing a total of around EUR 63 million. Vivico built the property and handed it over to operator Mövenpick ready for use in 2006. AtisReal brokered the transaction.

With effect from 1 December 2008, the Supervisory Board of Union Investment Real Estate AG has appointed 45-year-old Dr. Karl-Joseph Hermanns-Engel to the Management Board of the property investment company, which is part of the Union Investment Group.

Low-energy office project acquired on behalf of UniImmo: Europa - Union Investment Real Estate AG has acquired the "CityWest Gebäude F" development project in Zurich, marking its first investment in the Swiss property market. Designed on sustainable principles and due for completion in mid-2010, the office building will feature some 20,400 square metres of space and parking for 84 cars in a good location near the city centre.

13 real estate projects from across Europe shortlisted / Awards ceremony on 7 October 2008 at the Munich EXPO REAL commercial property show

Hamburg-based Union Investment Real Estate AG has purchased the brand new office building "Glass City Harumi" in Tokyo's rapidly developing Harumi district. The transaction is worth well over 100 million Euros and was carried out for Union Investment's open-ended real estate fund UniImmo: Global.

Ten Brinke logistics park in Bremerhaven acquired for Immo-Invest: Europa / Innovative maritime location enjoying robust rates of growth

The property sector can find answers to these questions at the first Sustainable Investment Conference, which is being held at the EXPO REAL commercial property show in Munich and will focus on the commercial dimension of the sustainability megatrend.

Hamburg-based Union Investment Real Estate AG has purchased the Solado Harajuku commercial building in Tokyo's Harajuku district for its open-ended real estate fund UniImmo: Global, in a transaction worth some 91 million euros.

Hamburg-based Union Investment Real Estate AG has acquired the Wentzinger Hof development project in Freiburg, southern Germany, for its institutional fund Immo-Invest Europa, in a transaction worth some 18.9 million euros.

Hamburg-based Union Investment Real Estate AG has acquired the Paseo Del Mar office building in San Diego, USA for its open-ended real estate fund UniImmo: Europa in a transaction worth around 147,9 million US-Dollar.