Düsseldorf, Germany (28 May 2019) 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 €275 million of equity to be invested in key logistics hubs and conurbations across Germany.
In November 2018, AEW expanded its German investment management business with the acquisition of Hypoport Invest GmbH, adding a German regulated management capability (AIFM) to its platform, now acting as AEW Invest GmbH. In addition to AEW Europe Value Investors II Fund which was launched in Q1 2019, this mandate represents the second real estate special fund set up under the newly created KVG.