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 continue to impress
Scope has recognised Union Investment's excellent asset management quality by awarding its real estate business the highest possible rating, AAA (AMR) (as at June 2019). It therefore maintains its excellent rating of the previous two years, with key factors in the assessment being a consistently strong international presence, an efficient process-based approach and success in growing its business with institutional investors as a strategic target group.
Union Investment's open-ended real estate funds for private and institutional investors once again achieved gratifying results in this year's industry rating by Scope Analysis (as at June 2019).