Union Investment was again one of the most active players in the European real estate market in 2009. The Hamburg-based property fund manager acquired properties worth EUR 1.6 bn over the past 12 months. A total of 18 properties and projects were purchased for its six open-ended retail and special funds. 'We are very pleased with investment results, given that our focus on core properties in prime locations means that investment potential is limited in many markets,' said Dr. Reinhard Kutscher, chairman of the Management Board of Union Investment Real Estate.
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