Union Investment’s open-ended retail real estate funds for institutional investors offer the advantage of comparatively low minimum investment amounts. As with our other products, fund management activity is guided by clearly defined investment strategies and concrete objectives. We achieve good diversification by investing across a broad range of regions and sectors.
Clear separation of private and institutional investors
Since 2004, we have offered institutional investors the opportunity to invest in successful retail funds designed around their needs. Union Investment has always had a strict policy of restricting investment of institutional capital in the retail funds targeted at private investors. This has prevented open-ended real estate funds from being misused as a short-term investment facility.
Areas of responsibility
- Fund manager of DIFA-Fonds Nr. 3
- Fund manager of UniInstitutional European Real Estate
- Fund manager of UniInstitutional Infrastruktur SICAV-SIF Erneuerbare Energien (renewable energy)
Areas of responsibility
- Fund manager of UniInstitutional German Real Estate
- Fund manager of UII GermanM
Carsten Thiel joined the Union Investment Group in April 2004. He has been fund manager of UniInstitutional European Real Estate and of a real estate special fund since October 2007. In 2012, he additionally took on responsibility for a fund specialising in renewable energy.
From 2000 to 2004, Carsten Thiel worked for the real estate subsidiary of private bank M.M.Warburg & CO. In spring 2008, Thiel acquired an MBA with a focus on finance. Prior to that, in addition to his first degree in construction management he completed a real estate course at the European Business School in Oestrich-Winkel alongside his work duties.
Matthias Bulir is the fund manager of Unilnstitutional German Real Estate and Ull GermanM.
He specialises in the company’s German fund products and has been with Union Investment since April 2007.
He started his career at residential construction company Nassauische Heimstätte in Frankfurt am Main as a real estate and residential property manager. With a degree in business administration, focusing on financial services, from Aschaffenburg University of Applied Sciences, he has an in-depth understanding of the capital investment requirements of banks, insurance companies and pension funds.
Prior to joining Union Investment, Bulir helped to successfully develop the real estate portfolio management activities of insurance company Alte Leipziger-Hallesche in Oberursel/Taunus.
Would you like to know more about our institutional real estate solutions? Just give me a call. I look forward to hearing from you.