Implenia signs cooperation agreement with Deutsche Asset One and Union Investment for project developments in German residential real estate market

Implenia, has signed a cooperation agreement with Deutsche Asset One and Union Investment, two companies which have been working together for many years. This brings together the acquisition, project development and planning skills of Implenia’s Division Real Estate with Deutsche Asset One’s market expertise and exclusive focus on sustainable residential real estate investments. 

The agreement enables Implenia’s Division Real Estate to contribute its experience and expertise in the implementation of attractive and sustainable developments. Deutsche Asset One, an investment boutique in the residential sector, and Union Investment, a service capital management company (KVG), have worked together on six successful, well-capitalised institutional special residential property funds since 2011, and bring their long experience in asset and portfolio management to the new partnership. All three partners are focused on developing modern, sustainable and functional housing that meets the requirements of tenants and investors.

Implenia also plans to integrate the construction capabilities of its other divisions (Buildings, Civil Engineering and Specialties) when it comes to the execution of fully developed and approved real estate projects. 

Strong partnership for successful real estate projects
For Implenia, this cooperation is part of its strategy to grow further in the German real estate market and to expand its project development business as a service. Adrian Wyss, Head Division Real Estate of Implenia, is delighted with the agreement and looks forward to the future cooperation: “This cooperation will allow Implenia to increase its market presence in Germany when acquiring properties, as well as to utilise its extensive expertise and experience in the sustainable development and realisation of large and complex real estate projects. We are planning to work closely with Deutsche Asset One and Union Investment on numerous projects that will fully leverage Implenia’s integrated business model.”

Deutsche Asset One
Deutsche Asset One GmbH offers investment and asset management services to national and international investors, with a focus on residential properties in Germany. Deutsche Asset One is an independent and owner-led investment and asset management company with an investment volume for 2022/2023 of around EUR 500 million. Its investment properties include project developments and existing properties worth at least EUR 10 million each. Deutsche Asset One currently manages property assets (assets under management) of more than EUR 2 billion. www.deutscheassetone.com

Union Investment
Union Investment makes forward-looking real estate investments worldwide and is one of Europe’s leading property investment managers. Its business model is based on more than 50 years of real estate expertise. Customers are offered a comprehensive investment platform. With assets under management currently worth around EUR 54 billion in open-ended real estate funds, special funds and service and bundling mandates, Union Investment is one of the largest providers of open-ended real estate funds for private and institutional investors in Germany.
Union Investment is currently active in 26 national markets. It combines a strong growth trajectory with the aim of further diversification. This includes increasing its exposure to various types of property, as well as expanding its range of investment styles: from core to value-added investments.
Through offices in Hamburg, Vienna, London, Paris, Madrid, New York and Singapore, the company combines the perspective of an international investor with in-depth market knowledge in the individual regions. Around 60 percent of its real estate assets are located outside Germany.
Within the Union Investment Group, its real estate specialists are Union Investment Real Estate GmbH in Hamburg and Union Investment Institutional Property GmbH. www.realestate.union-investment.com