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

Implenia AG / Key word(s): Alliance Implenia signs cooperation agreement with Deutsche Asset One and Union Investment for project developments in German residential real estate market 23.11.2022 / 07:00 CET/CEST Agreement brings together Implenia’s specialist expertise with the partner companies’ portfolio and asset management skills | The aim is to identify, finance and develop attractive real estate project developments | Another growth step for Implenia in the German real estate market

Glattpark (Opfikon), 23 November 2022 – 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.”