Pressinformation archive

NCC Property Development has sold the property Alberga A, which is part of Business Park Alberga in Espoo, near Helsinki, to Union Investment. The total investment is approx. 37 million Euros. The project has been added to the Immo-Invest: Europa open-ended real estate fund.

The Corporate Village business park at Zaventem Airport has become firmly established as a prime office location on the outskirts of Brussels and is emerging stronger from the economic crisis with high letting levels. That is Union Investment's positive verdict ten years after creation of the office quarter, which has gained an international reputation thanks to its campus-style architecture. The property fund manager has invested heavily in Belgium, and with the Bayreuth, Caprese, Davos, Elsinore, Figueras and Gent office buildings (collectively worth EUR 190 million) has played a leading role in boosting Corporate Village, which was developed by Airport Garden.

Hamburg-based Union Investment Real Estate GmbH received the 2010 Scope Award for Best Management Company in the Open-Ended Real Estate Funds category - the second year in succession that its outstanding performance in this area has been recognised by the independent Scope Group. In selecting Union Investment, the jury highlighted the company's continuity, strategic instinct and operational success. "We are delighted to receive this award, which confirms that we were able to keep our funds on track despite the challenging environment and enhance our leading market position," says Dr. Reinhard Kutscher, Chairman of the Management Board of Union Investment Real Estate GmbH.

Union Investment has acquired the Equinox Building in Glasgow for its open-ended real estate fund UniImmo: Deutschland. The Equinox Building was constructed in 2002 and is located in the heart of Glas-gow's business district, close to the city's main railway station. The building offers 6,308 square metres of grade A office accommodation and is completely let.

Rising sales and visitor numbers / New retailers / Appreciation in portfolio value The Fünf Höfe CityQuartier in downtown Munich has been a major success story in recent years, registering above-average growth thanks to rising retail sales and visitor numbers. Fünf Höfe is a key asset in the Union Investment Real Estate GmbH portfolio.

Around 130 specialist stores, cafés and restaurants 1,200 jobs +++ 220 million euros investment Ludwigshafen, September 28, 2010 – One of the most modern and architecturally sophisticated inner-city shopping centers in Germany will open tomorrow, Wednesday September 29, 2010, at 8 a.m. after a two-and-a-halfyear long construction period at the premises of the former “Zollhofhafen” customs hall complex. In Ludwigshafen’s new shopping promenade around 130 specialist stores, cafés, restaurants and service providers are presenting a branch and service mixture tailor-made for the city. The center has a total sales area of 30,000 sqm on two floors. The 220 million euros project has been realized by the investor Union Investment Real Estate GmbH and ECE, who will be responsible for the center’s long-term management.

Project developed by Marazzi at its own risk fully let to Swiss telecoms company ahead of completion Acquired in 2008 as a development project and fully let prior to completion – Union Investment Real Estate GmbH has signed one of Switzerland's biggest leases of the year for its 51 Fifty-One new build in Zurich-West. Leading Swiss telecoms company Swisscom will take over the landmark building at 51 Pfingstweidstrasse, developed by Marazzi, comprising some 20,500 square metres of rental space.

Fürstenhof has a new owner. DFH Deutsche Fonds Holding AG has acquired the office/commercial building in Frankfurt's financial district for 126 million euros from Union Investment Real Estate GmbH. DFH Deutsche Fonds Holding AG, a subsidiary of DIH Deutsche Immobilien Holding Beteiligungsgesellschaft m.b.H., plans to include the listed property in a yet-to-be-launched closed real estate fund.

Union Investment has sold 10 Gresham Street in the City of London to a joint venture between Hammerson and the Canada Pension Plan Investment Board for GBP 175 million.Union Investment acquired 10 Gresham Street in 2009 at a time considerable uncertainly, buying the office building from British insurance company Standard Life for GBP 141.5 million on behalf of its open-ended real estate fund UniImmo: Europa.

Union Investment has acquired the Saint Martial shopping centre in Limoges from Unibail-Rodamco for 99 million euros. The approximately 15,000-square metre property has been added to the UniImmo: Europa open-ended real estate fund, which now has nearly 30% of its assets invested in the retail sector.

Union Investment's Investment Climate Index reveals upward trend in Germany / European real estate investors ready to take on more risk

With effect from 1 July 2010, Volker Noack has been appointed deputy member of the management board of Union Investment Real Estate GmbH. The 46-year-old, who holds a degree in business administration, will be responsible for Fund Management and Finance and Participations. Noack joined Union Investment in 1996 and was previously head of the Fund Management department.

Union Investment Real Estate GmbH has acquired from Pirelli Real Estate the Große Straße retail premises in Osnabrück for their Unilmmo:Deutschland open-ended real estate investment fund. Pirelli RE has sold the property with effect from April 30th 2010 for a sum of 33.4 million Euro.

Immo-Invest: Europa takes profits on sale: Union Investment Real Estate GmbH has sold the retail property at Schildergasse 60-68 in Cologne to a fund operated by Aachener Grundvermögen Kapitalanlage GmbH, achieving a price significantly above the original purchase price. The property, which is fully let to C&A, was originally purchased by Union Investment in 2003 and was one of the first to be acquired for its institutional fund Immo-Invest: Europa.

Union Investment has acquired the office and shop premises "Lipinski" for one of its open-ended real estate funds for institutional investors. The complex is located in a prime location in Warsaw's central business district opposite the Marriott Hotel and the Palace of Culture. The seller is the construction company, Reinhold Polska, which belongs to the renowned Swedish Reinhold Group.

Frankfurt, 23 February 2010 - Vivico and Union Investment today held the topping-out ceremony for the office and commercial building Europa-Allee 12-22 in Frankfurt's Europaviertel (European Quarter). They were joined by Mayor Petra Roth, Councillor Edwin Schwarz and project participants. From this summer, the German headquarters of BNP Paribas will occupy around 67 percent of the office space available for rent in the building, which covers approximately 34,000 m² (322,917 ft²) of gross floor area (GFA).

Union Investment has finalized the agreement with Sonae Sierra and Foncière Euris/Rallye to become the new majority owner of Alexa in central Berlin. Each of the investors had a 50% share in the property and the Hamburg-based property fund manager paid some 316 million euros to acquire a majority stake (91%) in the 180-unit shopping centre on Alexanderplatz. Sonae Sierra, which will continue to be responsible for centre management, intends to exclusively hold the remaining 9% in Alexa in the future.

Union Investment survey confirms growing interest in sustainable real estate investment in Europe - A significant number of property investment projects will incorporate sustainability criteria in the future, greatly increasing the likelihood of a separate asset class for green buildings emerging over the next few years. That is one of the findings of a recent survey by Union Investment involving over 220 investment decision makers at property companies and institutional real estate investors in Europe. 63% of the real estate experts surveyed in Germany, France and the UK intend to invest "significantly more" in sustainable buildings in the future, while some 60% stated that sustainability criteria are already an established part of their investment strategy.

Portfolio expanded with focus on European core markets / Major investment in sustainable buildings - Union Investment was again one of the most active players in the European real estate market in 2009. The Hamburg-based property fund manager acquired properties worth 1.6 billion euros over the past 12 months.

Union Investment Real Estate GmbH has acquired the business premises "Geschäftshaus Ottensen" in Hamburg Altona, Ottensen district, for its open-ended real estate fund Unilmmo: Deutschland from Pirelli Real Estate and the B&L GRUPPE. Pirelli RE and the B&L GRUPPE have agreed to sell the property for 60.05 million Euros as of December 31st 2009. "With the "Mercado" shopping centre and the adjacent business premises, we have now acquired two excellent properties for our Germany focused real estate fund within the shortest period of time, both of which profit from the excellent commuter connections around Altona Station and which, with their first class tenant portfolio, guarantee a long-term stable cash flows," announced Dr. Frank Billand who is the member of the Board of Union Investment Real Estate GmbH, responsible for Asset Management Deutschland.