UBS launches €400m fund

UBS Asset Management Global Real Estate has launched a €400m (£342m) pan-European fund for Zurich Insurance Group.

The 15-year UBS Zurich Italy Real Estate Fund will focus on offices, retail and industrial assets across the eurozone.

It is part of Zurich’s plan to expand its portfolio in Italy before targeting other countries on the continent.

Matteo Riccardi, chief investment officer at Zurich Italy, said: “The pan-European focus of this fund allows us to create attractive returns for our clients and shareholders. Our selection awarded UBS Asset Management due to the experience and local presence in our target investment markets.”

In January, UBS closed its £241m real estate debt fund, launched in December 2013.

Other News

C&W predicts jump in European investment

Investment into European property will rebound with 6.3% growth in volumes in 2017 despite rising inflation and political volatility, forecasts from Cushman & Wakefield’s 2017… Read more »

G Global

2016 global top 100 real estate owners

Only the US, China, Japan and Germany have GDPs larger than the total assets held by Estates Gazette Global’s top 100 real estate owners. This… Read more »

G Global

Centres of excellence

The top 100 richest cities in the world account for around one-third of global GDP. To access 25% of available global output, you would need… Read more »

G Global