AEW Europe secures €200 mln mandate from ZVK (DE)

AEW Europe’s German business has been awarded a €200 mln mandate to invest in commercial real estate across Europe by German pension fund manager ZVK.
The award comes as AEW Europe is expanding its presence in Germany with the opening of a new office in Frankfurt, following the significant growth of the firm’s business and the launch of a new German fund management platform last year.
ZVK, which manages pension funds on behalf of state employees in Saxony, was advised by HQ Trust in the asset manager selection for the mandate. It will be structured through a German Spezialfonds and managed by Institutional Investment Partners as the approved fund manager.
The opening of a Frankfurt office will further reinforce AEW Europe’s coverage of the German market, where it already provides a full range of real estate investment services including fund management, acquisitions, asset management and fund operations from its Düsseldorf base.
Source: FTI Consulting