“Our real estate funds are well positioned”

Carsten Thiel, Head of Fund Management for open-ended real estate funds at Union Investment, discusses the opportunities.

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“I definitely expect prices to come down”

Michael Bütter, Chairman of the Management Board of Union Investment Real Estate GmbH, talks about the impact of higher interest rates.

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“Transformation takes time”

Thomas Röhrs and Jan von Mallinckrodt discuss sustainable portfolio management and the necessary transformation of property holdings.

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The social dimension

To date, sustainability has mostly been discussed in the real estate sector in terms of the environment and energy efficiency. Now attention is increasingly turning to the S in ESG. Many market players are taking the initiative themselves rather than waiting for rules from Brussels. By Christine Mattauch

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Strategies for the stress test

The coronavirus pandemic is testing the stability of open-ended real estate funds again. But while most asset classes have experienced a severe slump and then a strong recovery over recent months, open-ended real estate funds have delivered relatively stable performance. Average volatility has been under one percent. So on the one hand they passed the stress test, but open-ended real estate funds have not completely escaped the impact of the pandemic.

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