Residential Mandate II

Our second mandate is for an Austrian pension fund, where we invest in urban land or vacant buildings in the bigger German and Austrian cities and transform these into multi-family homes. This mandate is focused on contemporary and affordable living, including micro-apartments. To add value to the investor’s portfolio we prefer to invest in transitioning locations, thus benefiting from the long-term upside these areas offer, and ‘green’ buildings which fulfil our clients’ sustainability ambitions. This mandate is an open-ended Luxembourg SICAV fund.
Vehicle type
Separate account
Vehicle Structure
Vehicle Domicile
Transformation, conversion
Legal Structure
Asset Class
Urban land or vacant buildings to be developed into for multi-family homes
Germany and Austria
Target Vehicle size
Austrian pension fund

Residential – Enabling Contemporary Affordable Living

We have €800 and a €250 million development pipeline across segregated residential investment accounts for single clients, predominantly pension funds, and work closely with them to source and secure assets that fulfil their needs as responsible investors. We have strong ties with our residential investors, often communicating on a daily basis as we discuss investment criteria and supervise the due-diligence processes. Managing reputational risk is also high on our investors’ agenda, which means that many of the assets we acquire have to meet stringent environmental and social criteria.

Read more about our vision for the investing in urban living here.

Our philosophy is to establish a trusted and sustainable partnership with our investors and manage our investment mandates as if the money was our own. We view Germany, the Netherlands, Austria and Denmark as the core markets for European residential investors, complemented by Spain and Italy which enable us to deliver additional yield.



‘“We have been investing in residential real estate for nearly 15 years, after launching our first Pan-European residential real estate fund in 2007. This asset class is now well-established and offers attractive low-risk investment opportunities.’

Peter Renk , Partner