News of 05/20/2017
Germany's BVK matches 75% of 2016 spend within 4 months
Germany's largest pension fund investor Bayerische Versorgungskammer (BVK) has taken part in six European real estate deals with a combined volume of 1.5 bn so far this year. Acting through funds managed by Universal-Investment, BVK acquired a portfolio of 90 German retail properties from CORESTATE for 687 min on 3 April. CORESTATE had built up the portfolio via various purchases on behalf of its club deal programme, and will continue to provide investment and asset management services for the portfolio.