LUWIN Real Estate expands residential portfolio with Düsseldorf acquisition

Investment manager LUWIN Real Estate (LUWIN) has acquired a residential property in Düsseldorf for an institutional portfolio investor, further expanding its residential holdings. The property was purchased from Union Investment, where it had been part of the Unilnstitutional German Real Estate fund since 2015.

The newly acquired 8,300-square-metre property consists of 84 residential units and is located in Ludenberg, a district in the north-east of Düsseldorf. Built in 2011, the property underwent energy efficiency optimizations under Union Investment and meets high sustainability standards.

LUWIN Managing Partner Manuel DeVigili commented on the acquisition, stating that it aligns with the company’s residential strategy and strengthens its market position.

Alejandro Obermeyer, Head of Investment Management DACH at Union Investment, noted that the property had generated stable income for the fund for a decade. With increasing investor demand for residential assets, Union Investment decided to sell the property at a profit.

The transaction was brokered by CBRE. LUWIN was advised by Taylor Wessing (legal), Drees & Sommer (technology & ESG), and Knight Frank (valuation).