Bouwfonds IM has acquired several properties and development projects in Germany for the real estate special fund of a pension fund in southern Germany

  • Acquisition of existing residential complexes and complexes under development with an investment volume of around 102 million euros
  • Bouwfonds IM is acting as the residential property portfolio manager for the real estate fund
  • Institutional Investment-Partners (2IP), an asset management company for investors, is managing the master fund for the pension fund
  • A total of 400 million euros in net assets will be invested in residential properties over the next two years

Bouwfonds Investment Management has acquired several residential properties and development projects in single transactions for the real estate special fund of a pension fund in southern Germany. The purchase volume is 102 million euros. Operating with a sole mandate, Bouwfonds IM has taken over the portfolio and asset management for the pension fund for the ‘Residential property’ segment of the real estate special fund. The properties that have been acquired in the fund portfolio include property development projects in Heidelberg and Freiburg, valued at 54 million euros, and existing properties in Wiesbaden, Potsdam, Hannover, Hamburg and Leipzig, with an overall value of 48 million euros. The properties are in attractive or central residential areas and are mainly either in mint condition or they have been thoroughly renovated.

Talking about the acquisitions, Michael Keune, the responsible fund manager at Bouwfonds IM, says, “We are pleased we have been able to acquire attractive existing properties and new build developments for this mandate in sought-after residential markets. The properties are in attractive residential areas, almost all units are let and they are either in mint condition or they have been thoroughly renovated.” Keune adds, “The aim is to invest a total of 400 million euros of net assets in the next 24 months in conurbations showing strong growth for the ‘residential property portfolio’ in the pension fund’s real estate fund.”

Institutional Investment-Partners is managing the corresponding master fund as the investors’ asset management company. In addition to the regulatory and administrative tasks, it is also taking on a definite risk management function within the investment process at the request of the pension fund. Bouwfonds Investment Management has been charged with the portfolio and asset management for the residential property segment.