Frankfurt am Main, January 15 2018

Bayerische Versorgungskammer and Universal-Investment launch a new fund for retail parks with BLUE Asset Management

A new institutional real estate fund is being launched for Bayerische Versorgungskammer (BVK) on Universal-Investment's AIF platform in Luxembourg, which should achieve a total volume of EUR 250 million.

BVK is one of the largest institutional investors in Germany, managing assets of approximately EUR 69 billion. BLUE Asset Management was mandated to provide investment advice and real estate management services. The fund primarily invests in Austrian retail parks in established locations with solid fundamental data. Austria is considered one of the most stable and economically strongest European countries. The investment focus is on established and modern retail concepts, which primarily provide local and basic services for the catchment area. These include retail parks and centers of city districts, specialist stores, city markets, convenience stores in city districts and local supply centers.

As an initial investment, eight retail properties have been acquired in Austria. The properties are leased to market-leading retailers with a strong food retail anchor on a long-term basis in integrated locations with a total rental area of around 70,000 m².

About Bayerische Versorgungskammer

Bayerische Versorgungskammer is the competence and service center for occupational and communal pension schemes and Germany´s largest pension scheme group under public law. As a public authority of the Bavarian Ministry of the Interior, it is the joint executive body of twelve liberal professions´ and communal pension schemes. Bayerische Versorgungskammer covers about 2.2 million insured persons in total, with contributions of EUR 4.4 billion and EUR 3.2 billion pension payments annually. It currently has EUR 69 billion assets under management and 1,200 employees.

About BLUE Asset Management

BLUE Asset Management is a full-service asset manager for commercial real estate with extensive expertise and proven track record in investing and managing retail and office properties. BLUE Asset Management manages a portfolio with a market value of around EUR 1.4 billion for international institutional and private investors. Its main geographical focus is on Germany, Switzerland and Austria.

Please find more information in

Bernd Obergfell

Head of Communications

+49 69 71043-575


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