Union Investment has continued to deliver reliable growth despite a challenging investment environment. In an exceptional year dominated by the pandemic, the Hamburg-based real estate investment manager invested around EUR 4.1 billion in the European commercial real estate markets in 2020, securing a total of 62 high-quality properties or projects for its real estate funds through a combination of single-property and portfolio deals.
In the previous year, Union Investment’s acquisitions totalled around EUR 2.8 billion, spread across 28 transactions. The company’s successful investment year in the property segment is also reflected in the sharp rise in real estate assets under management, which grew by 8.9 per cent to a total of EUR 47.3 billion. Union Investment’s open-ended real estate funds attracted net inflows of around EUR 2.9 billion last year, meaning that the company further extended its leading position among providers of open-ended real estate funds.
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