Investing in property

There are many ways of investing in property: directly, by buying real estate, or indirectly, for example through the kind of open-ended real estate funds offered by Union Investment. Compared to other forms of indirect property investment, open-ended real estate funds offer even greater risk diversification.

Open-ended real estate funds and more

Union Investment provides a broad range of investment opportunities. For private investors, our open-ended real estate funds take the form of broadly diversified retail funds. We also offer institutional investors open-ended real estate funds structured as retail funds. For a fixed group of institutional investors, we additionally offer open-ended real estate funds as special funds and thematic funds. Since open-ended real estate funds typically display less volatility, they are especially suited to risk-adverse investors with a medium- to long-term investment horizon.

An important feature of our funds is strict separation of private and institutional investors. Institutional investors wishing to invest in broadly diversified real estate solutions can choose between two retail funds designed specifically around their needs.

Alongside open-ended real estate funds, institutional investors can invest in tailored real estate solutions, including Service KVG mandates and pooling vehicles.

Our real estate funds for private investors

Our product range for private customers comprises four open-ended real estate funds with a current total value of EUR 26.8 billion. Our three funds which primarily target the commercial real estate markets, investing in office, retail, hotel and logistics properties, each have a different regional focus: Germany, Europe and worldwide. Complementing our offering for private customers is a fund dedicated to German residential property. In order to diversify risk, the assets held by our funds are widely distributed across many locations, properties, tenants, building sizes and use types.

Rental income is the key driver of performance and can be passed on to investors via future distributions to generate an attractive distribution yield. By looking after properties and tenants alike, Union Investment’s professional asset management team ensures a sustained income stream. Expert property and tenant support for the residential fund is provided by ZBI.

2017

2017
UniImmo: Wohnen ZBI

The fund was launched on 28 July 2017. The UniImmo: Wohnen ZBI investment universe comprises residential property of varying sizes and many different structures across Germany. The investment focus is on living space for the broad population.

2004

2004
Unilmmo: Global – a world of real estate

Unilmmo: Global was launched on 1 April 2004. As our newest commercial property fund for private investors, it is a highly dynamic fund with a global remit, unlike the other two funds. The fund invests in cities across the Americas and Asia-Pacific, but also in Europe.

1985

1985
UniImmo: Europa – focusing on European real estate

Our Europe fund was launched on 1 April 1985. Its focus is on European real estate locations, with ancillary investment in the Americas and Asia-Pacific.

1966

1966
UniImmo: Deutschland – German real estate with attractive prospects

Launched on 1 July 1966, Unilmmo: Deutschland was one of Germany’s first open ended retail funds. As the name suggests, the investment focus is on Germany. The fund also holds real estate assets in European cities such as Vienna, Paris and London.

Our solutions for institutional investors

Real estate is an attractive asset class for institutional investors. Alongside classic funds, we offer this target group solutions tailored specifically to their requirements. Our offering ranges from open-ended retail and special funds to customised risk-adjusted solutions, from thematic funds, club deal solutions and individual mandates to administrative Service KVG mandates.

With all these solutions, our customers benefit from our deep expertise and management skills around the various real estate markets and vehicles.

2017

Micro housing
Special fund with a focus on micro housing

This fund was launched on 1 April 2017 and acquires micro apartment complexes with a granular residential structure in fast-growing cities in Germany and other core European countries.

Our special funds

2016

Morphosys, Planegg
Special fund with a focus on core plus properties in Germany

This fund, which was launched on 1 April 2016, invests in solid midscale properties in terms of location quality, building specification and users.

Our special funds

2016

Uferstadt, Fuerth
Special fund with a focus on campus real estate

Launched on 1 January 2016, this special fund invests in office real estate with a campus structure in established German cities and metropolitan areas.

Our special funds

2013

Motel One, Stuttgart
Special fund for hotels

This fund was launched on 1 April 2013 and invests in hotel real estate with a focus on the high-growth budget segment.

Our special funds

2012

wind turbine
Renewable energy fund

As well as onshore wind farms in Europe, this special fund for infrastructure invests selectively in solar plants. It was launched on 14 December 2012.

Our special funds

2012

Haus am Fluss, Bremen
Institutional retail fund

This fund was launched on 17 October 2012 and is focused on German cities and regional centres with good growth prospects.

Our institutional retail funds

2012

Pooling vehicle
First pooling vehicle

In July 2012, the product range for institutional investors was expanded to include special funds for pooling indirect property investments.

Our individual mandates

2011

Feest en Cultuurpaleis, Ostende, Belgium
First thematic fund

This special fund was launched on 15 June 2011 and focuses on European retail properties.

Our special funds

2011

Team Service KVG
First Service KVG mandate

Since June 2011, we have also offered institutional investors administrative services in conjunction with third-party asset managers.

Our Service KVG mandats

2004

Stibbe Court, Amsterdam
First retail fund for institutional investors

Launched on 2 January 2004, this fund invests exclusively in Europe. The fund has assets under management of more than EUR 3 billion, including office, retail, hotel and logistics properties.

Our institutional retail funds

1989

Melia Hotel, Aachen
Special fund focusing on Germany

This actively managed fund was launched for a small group of investors on 10 October 1989.

Our special funds

1977

Marina Offices, Amsterdam
First actively managed real estate special fund

This fund was launched on 1 July 1977 for a closed circle of investors one year after DEFO GmbH (now Union Investment Institutional Property GmbH) was founded.

Our special funds

The following may also be of interest

Our product promise

For more than 50 years we have been delivering on our promise to investors: to make reliable investments with a sound risk/reward ratio. As a major provider of open-ended real estate funds in Germany, we have the experience and the foresight required to carefully assess and take risks at the right time and in the right conditions. We want to take full advantage of the opportunities for our investors on the markets and in the properties in our portfolio.

Scope AAA AMR Asset Management Rating


Awards & Ratings

The qualities that define us and our real estate solutions also impress rating agencies and see us performing strongly in many competitions.

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