Backed by stable cash inflows, Union Investment significantly expanded its real estate business in 2021 while also strategically enhancing its successful property platform.
New customer monies totalling around EUR 4.2 billion (net) were invested in the open-ended real estate funds for private investors and property solutions for institutional clients, while a record number of acquisitions took place: 45 properties with a total value of more than EUR 6.0 billion (2020: EUR 4.1 billion) were acquired. The 2021 transactions also include property sales worth a total of around EUR 600 million.
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