Awards and ratings
Innovation prize for First Store by Alexa
Union Investment and Sonae Sierra have received the European Innovation Award for Retail 2018 from the German Council of Shopping Centers for the First Store by Alexa competition – a “casting show” for retailers. According to the jury, the winners “have been able to position themselves in the start-up and newcomer scene as innovation partners in the retail space through this competition, thereby gaining a competitive advantage.”
Deal of the Decade Award for Pegasus
Trade journal PropertyEU recognised Union Investment with the Deal of the Decade Award for the best portfolio deal of the past ten years. The Pegasus portfolio comprised 54 properties and was sold in 2007 for EUR 2.56 billion to Morgan Stanley and IVG Immobilien. Pegasus remains one of the largest portfolio transactions ever carried out in Germany. In explaining its decision, the jury stated that the deal was “an example of perfect timing and good organisation of a complex transaction.”
Current Scope Rating: Union Investment and its funds convince even in difficult times
The coronavirus pandemic did not change Union Investment's real estate asset management quality. For the fourth year in a row, Scope awarded the highest possible rating "AAA (AMR)" (as at June 2020). Union Investment is hereby certified as having excellent asset management quality. Among other things, the excellent operational asset management is highlighted, which is again evident in the high letting rates among the mutual funds. The very high quality of systems and processes in asset management and risk control is another reason for the excellent assessment. According to Scope, Union Investment also has a market-leading role in the ESG area and positions itself as a driver of innovation in the area of digitization.
The open-ended real estate funds have lived up to their reputation as an anchor of stability in the coronavirus pandemic, according to Scope. The performance of our five open-ended real estate funds for private and institutional investors was positive in the first quarter. Nevertheless, the general economic crisis does not leave our funds unscathed, which is reflected in this year's industry rating by Scope Analysis (as at June 2020).