Residential property in Europe
In 2019, Union Investment began to build up a significant proportion of residential investments in selected European core markets for its open-ended real estate funds. The aim of this strategy is to contribute to long-term diversification and stabilisation of the funds' performance.
Rental flats remain attractive investment targets, as prices for residential property continue to rise, especially in the metropolises. The trend towards urbanisation and flexibility as well as more single households continues in many European countries and leads to a sustainable demand for rental housing, especially in metropolitan areas.
For us, the core markets for European residential investments are not only the Netherlands but also the Nordic markets, Finland, Sweden and Denmark, as well as Great Britain, Ireland, France and Spain. Our investment strategy is aimed at affordable housing for middle and upper income groups. When considering acquisitions, we give high priority to the sustainability and future viability of the individual properties. Project developments, forward funding or forward purchase transactions as well as existing properties of recent construction are of interest. Individual properties from 50 million euros and larger portfolios are acquired.