- First joint fund to invest in German office and mixed-use real estate
- pbb is driving the diversification of its business model forward with expansion in the investment market
As part of the new business area, Real Estate Investment Management, Deutsche Pfandbriefbank AG (pbb) will co-operate with Universal Investement as the Fund-Service-Platform going forward. Universal Investment will take over the setting-up and administration of the open-ended property special fund, which is to concentrate on German office and mixed-use real estate.
With this co-operation, pbb benefits from Universal Investment’s experience and their independent and modern infrastructure. pbb will concentrate on its real estate competence and the origination of institutional clients.
„We have chosen Universal Investment because we are convinced of their experience, their knowledge of the markets and their regulatory competence,” said Andreas Arndt, CEO at pbb. “This co-operation will enable us to start origination activities for our pilot product when the situation on the real estate markets has eased. We are well on track.”
„We are pleased to welcome pbb as an experienced real estate specialist to our platform,“ said Katja Müller, Chief Customer Officer at Universal Invertment. “With our many years of experience in the area of real estate and our modular infrastructure, we can offer pbb the support that they need to bring their first fund onto the market – and hopefully many more to follow.”
In offering such a fund, pbb is extending its range of products and, by expanding into investment mangement, driving the diversification of its business model forwards whilst tapping into additional sources of income. In connection with this, Dr Pamela Hoerr will join the company on 17th April 2023 as Senior General Manager and, following a period of familiarisation with the company and subject to the regulatory approvals, she will take over the relevant responsibilities on the Management Board.
In March 2022, the Bank presented an ambitious growth target together with relevant strategic initiatives. The Bank’s strategic focus remains on its core segment Real Estate Finance. The new business area aims to increase growth potential and earning power whilst keeping strictly to its cost targets.
Media Contacts
Universal-Investment-Gesellschaft mbH
Bernd Obergfell Alfons Niederländer
Head of External Communications Senior Communications Manager
T: +49 69 71043-575 T: +49 69 71043-2513
M: +49 151 5381 6803 M: +49 151 40623664
bernd.obergfell(at)universal-investment.com alfons.niederlaender(at)universal-investment.com
pbb Deutsche Pfandbriefbank
Grit Beecken
Head of Communications and Investor Relations
T: +49 89 2880-28787
M: +49 172 6113080
grit.beecken(at)pfandbriefbank.com
Disclaimer
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