Pressinformation

Union Investment sees turning point as an important signal for the investment market - Following the liquidation of KanAm grundinvest, the plug has today been pulled on another large open-ended real estate funds, SEB ImmoInvest. Both funds were hit by turbulence in the wake of the financial markets crisis of 2008 and were unable to raise the liquidity required to re-open before the legal deadline.

High-quality office and commercial building joins the portfolio of UniImmo: Deutschland - Rosmarin Karree in the Mitte district of Berlin has a new owner. Union Investment acquired the commercial and office building - prominently located on Friedrichstraße in central Berlin, between Unter den Linden and Gendarmenmarkt - for an unspecified price for its open-ended real estate fund UniImmo: Deutschland.

Flagship hotel for Spanish brand “Meliá” will be added to UniImmo: Deutschland portfolio / Completion scheduled for third quarter of 2014 Around a year after the spectacular sale of the Marriott Hotel on the Champs-Elysées, Union Investment Real Estate has returned to Paris as a hotel investor. The Hamburg-based real estate investment manager has acquired a four-star business hotel development in the La Défense business district. The purchase price was not disclosed. Planned and developed by Vinci Immobilier and situated on the Esplanade de Charles de Gaulle, the new hotel is fully leased to Meliá Hotels International.

With effect from 1 February 2012, Volker Noack is responsible within the management team at Union Investment Real Estate GmbH, Hamburg, for asset management in Europe, France, the Americas and Asia/Pacific. Noack's role involves acquisition, sales and the management of the real estate assets across these regions currently totalling 8.4 billion euros.

Union Investment's Prime Property Award, the European sustainability competition, has impressively confirmed its status among real estate investors. Now being held for the third time, the Prime Property Award attracted a total of 160 projects from 19 European countries.

- European property investors expect "long period of uncertainty" - High degree of confidence in the German property market - Investment Climate Index falls The debt crisis in Europe is turning into a stress test for European property markets - and forcing investors to recalibrate their investment strategies. Germany in particular should benefit from increased risk aversion. Investors have greater confidence in Germany's resilience to the impact of the euro crisis on the domestic property market than any other country.

Union Investment can look back on a good letting performance in Germany. A total of 245,715 sq m of office space was let or relet in Germany in 2011, compared with a figure of 242,163 sq m in the previous year.

“Reinvestment of proceeds on short notice” - Union Investment Real Estate has sold the “Aile Sud” office building to TF1, the largest privat TV channel in France. The sale price is not disclosed. Located in 54, rue de la Voie Lactée, the nine-storey “Aile Sud” offering some 7,315 sqm office space was acquired by Union Investment in 1999 for its open-ended real estate fund UniImmo: Europa.