AEW has been awarded a new separate account mandate from a German insurance group for the establishment of a German core logistics portfolio. The investor has initially committed €275m of equity to be invested in key logistics hubs and conurbations across Germany.
Dr. Marc Langenbach, Head of Funds and Separate Accounts Germany commented: “The aim of the mandate is to generate a sustainable dividend yield from assets in premium locations. We have already identified a pipeline of initial investments for this mandate.”
Stephan Bonning, Managing Director Germany and Central Europe at AEW said: “The mandate complements AEW's German special funds platform, which now covers all commercial property sectors. The mandate will be implemented through our German platform using the local and experienced team.”