History

01.01.2011

Union Investment Real Estate acquires Euragone. The subsidiary, Union Investment Real Estate France SAS in Paris, will manage the French asset management of property portfolios.

12.08.2010

Union Investment Institutional Property GmbH moved its headquarter to Hamburg

17.11.2009

The volume of assets under management exceeds the record level of 18 billion€.

07.09.2009

Union Investment Real Estate AG signs in Union Investment Real Estate GmbH

06.02.2008

First office property in Tokyo for Union Investment - Union Investment Real Estate diversifies its portfolio in Tokyo

27 February 2004

Combined assets of both retail funds exceed EUR 16 billion.

23 July 2003

Combined assets of both retail funds exceed EUR 15 billion.

19 May 2003

Total assets of DIFA-GRUND exceed EUR 5 billion.

February 2002

Foundation stone laid for the DomAquarée CityQuartier in Berlin.

21 January 2002

Combined assets of both retail funds exceed EUR 10 billion.

17 December 2001

DIFA becomes part of Frankfurt-based Union Fonds Holding AG (now Union Asset Management Holding AG).

30 October 2001

Work starts on the “StadtQuartier Riem Arcaden in der Messestadt” development in Munich. With a budget of some EUR 500 million, the project is due for completion in spring 2004.

March 2001

Construction begins in Berlin on DIFA’s DomAquarée CityQuartier.

December 2000

Grand opening of the first DIFA CityQuartier, in Berlin. Representing an investment of around DEM 700 million, the Neues Kranzler Eck CityQuartier took three years to complete and has a gross floor area of approx. 70,285 sq m.

May 2000

DIFA moves into new premises at Caffamacherreihe 8, 20355 Hamburg, Germany.

March 1999

Launch of the GSC:Global Service Center concept.

January 1999

DIFA starts publishing issue and redemption prices in euros.

27 February 1998

Total assets of the DIFA funds amount to more than DEM 15 billion.

29 September 1997

Construction starts on the “Frankfurter Welle” (Frankfurt Wave) development. Costing around DEM 1.3 billion and with a gross floor area of some 100,000 sq m, the Frankfurter Welle CityQuartier is DIFA’s biggest investment to date.

January 1997

DIFA website launched at www.difa.de.

30 September 1996

The DIFA funds’ real estate assets amount to DEM 5,553 million, comprising more than 1 million sq m of space.

6 March 1996

DIFA-Fonds Nr. 1 and DIFA-GRUND see total assets rise to over DEM 10 billion.

01 April 1995

DIFA-GRUND celebrates its 10th birthday with total assets of DEM 1,776 million and a portfolio of 26 properties.

5 January 1994

DIFA-GRUND exceeds DEM 1 billion.

30 December 1993

DIFA-Fonds Nr. 1 exceeds DEM 5 billion.

08 September 1993

Combined assets of both retail funds exceed the DEM 5 billion mark.

14 January 1993

DIFA is renamed DIFA DEUTSCHE IMMOBILIEN FONDS AG.

12 January 1993

Total assets of all DIFA funds reach DEM 4 billion.

31 March 1992

Total assets of all DIFA funds reach DEM 3 billion.

1 July 1991

DIFA-Fonds Nr. 1 celebrates its 25th anniversary.

28 June 1991

Distribution payments for the 25th fiscal year for DIFA-Fonds Nr. 1 (1990/91). In 25 years of fund activity distribution payments have totalled DEM 929 million.

31 March 1991

DIFA-Fonds Nr. 1 completes its 25th year. Since inception the value of a share in the fund has increased by 451 per cent (assuming reinvestment of all distributed income). Total assets amount to DEM 1.9 billion, including real estate worth DEM 1.5 billion, with a total of 76 properties.

DIFA-GRUND has 21 properties and total assets of DEM 441 million.

17 December 1990

DIFA celebrates its 25th anniversary.

29 June 1990

Distributions of over DEM 100 million paid to investors in DIFA-Fonds Nr. 1 with respect to the 1989/90 fiscal year – a new record.

1 March 1990

Legislation to boost the competitiveness of Germany’s financial markets (Financial Market Development Act) comes into force, which includes legislation to implement the EC directive of 10 December 1985 (Investment Directive Act). This involves changes to key sections of the Investment Companies Act (KAGG). The most important change for open-ended real estate funds, which were previously restricted to investing in the Federal Republic of Germany, is the extension of investment opportunities to other European Community member states.

31 December 1989

Today’s DZ BANK takes over as depositary for DIFA-Fonds Nr. 1.

10 October 1989

Inception of DIFA-Fonds Nr. 3, a special fund for church pension schemes.

30 June 1987

Combined assets of both retail funds exceed DEM 2 billion.

3 June 1987

Change in ownership of the capital investment company. DIFA is now wholly owned by the FinanzVerbund der Volksbanken Raiffeisenbanken.

01 April 1985

DIFA establishes a further open-ended real estate fund. This second retail fund is given the name DIFA-GRUND. Just one month after inception total assets amount to DEM 80 million. Today’s DZ BANK is appointed as depositary.

16 March 1984

Total assets of DIFA-Fonds Nr. 1 exceed DEM 1 billion.

1 January 1981

Change in ownership of the capital investment company. The co op group ceases to be a shareholder. 50 per cent of the share capital is now held by what is today the DZ BANK and, for the first time, the central banking institutions of the credit cooperative movement. Cooperation with the FinanzVerbund der Volksbanken Raiffeisenbanken alliance opens up unprecedented opportunities for marketing shares in the fund.

23 June 1980

The name of the retail fund is changed to DIFA-Fonds Nr. 1.

14 May 1980

The company now trades as Deutsche Immobilien Fonds AG.

31 March 1977

Total assets exceed DEM 500 million. The number of properties rises to 104.

31 March 1970

The fund’s portfolio stands at 30 complete properties and 20 sites either under construction or as yet undeveloped.

01. Nov 69

An amendment to the German Investment Companies Act (KAGG) makes open-ended real estate funds subject to investment legislation. As a result, open-ended real estate funds now are the owner of the property assets and hold them in trust for their investors (effective as of 1 July 1970).

01. Aug 69

Fund investors are offered investment account management for the first time. At the same time systems are set up for receiving regular payments and for the automatic reinvestment of annual distributions.

27 June 1969

The Deutsche Genossenschaftskasse (German Cooperative Bank, now DZ BANK AG Deutsche Zentral-Genossenschaftsbank) becomes a shareholder.

31 March 1967

At the end of the first (nine-month) fiscal year total assets are DEM 18 million, and the fund has a portfolio of 13 properties.

1 July 1966

DIFA-Fonds Nr. 1 established as the first retail fund under the name “co op Immobilienfonds”.

17 December 1965

Investment company established in Hamburg under the name “co op Immobilienfonds Verwaltung AG”. Its shareholders are the central institutes of Germany’s consumer cooperative societies and the BfG bank.