German institution signals US property trend

A German institutional investor has bought a US shopping centre in what appears to be a slight German trend for North America real estate investment.

Universal-Investment, a German investment company, and CBRE Global Investors, a real estate manager, made the acquisition on behalf of Bayerische Versorgungskammer (BVK), one of Germany’s largest institutional investors.

The North Point MarketCenter is said to reside in an affluent suburb of Atlanta, Georgia.

“Economic fundamentals, such as employment growth that is significantly above the national employment growth rate and healthy retail sales, have placed the Atlanta retail market on pace for continued positive growth,” said Jean-Antoine Robert, portfolio manager for CBRE Global Investors.

Alexander Tannenbaum, manager of the real estate business at Universal-Investment, said: “German institutional investors increased their stake in North American properties on our platform in the last three years as they are looking for geographical diversification abroad.”

©2017 funds europe

HAVE YOU READ?

THOUGHT LEADERSHIP

Innovative US companies are providing some of the solutions to the climate crisis and transition to a more sustainable economy. We see potential opportunities in areas including renewable energy and…
FIND OUT MORE
This white paper outlines key challenges impeding the growth of private markets and explores how technological innovation can provide solutions to unlock access to private market funds for a growing…
DOWNLOAD NOW

IRELAND SPOTLIGHT

Visit our dedicated Ireland channel for all the latest news and analysis on the country's investment industry.
READ MORE

PRIVATE MARKETS FUND ADMIN REPORT

Private_Markets_Fund_Admin_Report

LATEST PODCAST