Pressinformation archive

Union Investment Real Estate GmbH has signed a purchase agreement for the shopping centre "K" located in Kortrijk, Western Flanders. The seller is Foruminvest, the developer of the centre, which will remain responsible until the opening and remain involved in the management of the center afterwards. When finished in spring 2010 the centre will comprise 33.290 sqm retail floor space, 20 apartments and approx. 1.050 underground parking places.

Assets under management up 17% since the start of the year / Total fund assets reach new record of over EUR 18 billion -Union Investment has consolidated its position as one of Europe's leading property investment management companies during 2009, with property assets under management up 17% (EUR 2.6 billion) since the start of the year. Total assets in the four retail real estate funds and two institutional funds passed the EUR 18 billion mark for the first time.

The Rhein-Galerie in Ludwigshafen has been awarded a pre-liminary gold certificate by the German Sustainable Building Council (DGNB) at EXPO REAL. The Rhein-Galerie, which unites exceptional urban design with high environmental quality, ranks as one of the most spectacular retail projects in the Rhine-Neckar region.

Letting of Vision Crest Commercial in Singapore almost complete Despite the significant impact of the real estate crisis on countries around the world, including Singapore, Union Investment Real Estate GmbH has successfully let three entire storeys of the Vision Crest Commercial office building, which it acquired in 2008 as a development project. In total, more than 4,000 square metres of space has been let on long-term leases. The office ensemble, which is part of the UniImmo: Global portfolio, is now virtually fully let.

Union Investment Real Estate GmbH has acquired the office building "A4C" in Paris Rive Gauche in a transaction worth some EUR 177 million. Completed in 2006, the fully let property offers total rental space of 25,400 sq m.

- Union Investment acquires shopping centre for the open-ended Real Estate Investment Fund UniImmo: Deutschland for 164 million Euro - Largest single deal in Germany this year - Centre and Property Management awarded to Pirelli RE for a further 5 years

Demolition work begins inside tower. With the Unilever Group's employees having moved out, Union Investment Real Estate AG commenced construction work on the Emporio high-rise block at the beginning of July. The building is currently being cleared out and general contractor Hochtief Construction AG is starting with what is known as "soft demolition". The entire office block is being gutted, including ripping out the existing building services, with extensive core drilling and demolition work being carried out for the new lift shaft. The first fit for the new building services will commence in early 2010 when interior work on the new offices will also start.

Union Investment's UniImmo: Deutschland and UniImmo: Global retail funds again delivered good performance for investors during the 2008/2009 accounting year.

Hamburg-based Union Investment Real Estate AG has acquired the logistics centre in Bad Hersfeld from Goodman Bad Hersfeld Logistics (Lux) S.a.r.l. for its ImmoInvest: Europa institutional fund. The 102,020 square metre development project will be completed in September of this year.

The Bell Trinity Square office/commercial building, part of the existing Union Investment Real Estate AG portfolio, has been awarded LEED-EB Gold certification by the US Green Building Council. It is the first property in Toronto to receive a Gold certificate in the Existing Buildings category. Open-ended real estate fund UniImmo: Global has a 65% stake in Bell Trinity Square, the remaining 35% being held by institutional real estate fund Immo-Invest: Europa.

Former Unilever high-rise to be sustainably revitalized and extended in a EUR 138 million contract.Union Investment Real Estate has commissioned HOCHTIEF Construction as general contractor to realize its Emporio urban quarter in downtown Hamburg. The HOCHTIEF subsidiary, which was already involved in the planning phase, has partnered with the client under the PreFair business model to optimize the project surrounding the former Unilever high-rise building.

Hamburg / Frankfurt, 9 March 2009 Union Investment Real Estate AG purchases the ATMOS office building in Munich's Arnulfpark® from Vivico Real Estate GmbH. The purchase price was over 100 million euros. The office project is a fur-ther addition to the broadly diversified portfolio belonging to the UniImmo: Deutschland. Atisreal was a consultant for the purchase.

Hamburg-based Union Investment Real Estate AG has acquired the Solaris office building in Vienna for its UniImmo: Deutschland open-ended real estate fund. The vendor of the property, which was completed in September 2008 and offers around 9,000 square metres of space, is Vienna-based S + B Gruppe AG.