Union Investment has sold the Urban Villas residential complex in Amsterdam to a special real estate fund managed by MEAG. The transaction was carried out through a structured bidding process. While the purchase price has not been disclosed, it was reported to be slightly above the most recent appraised value of the property. The residential complex was originally acquired by Union Investment in 2021 as part of a forward funding transaction for its open-ended real estate fund, UniImmo: Global. The sale was driven by strategic portfolio considerations and is also expected to enhance the fund’s liquidity position. Located in Amsterdam, Urban Villas comprises four architecturally distinct residential buildings with a total of 173 rental apartments across approximately 12,310 square meters. The five- and six-storey buildings are connected via a shared underground car park and were designed to function as independent yet cohesive residential complexes. The development meets current energy regulations and is classified as virtually energy neutral. Katrin Hupfauer, Head of Real Estate Transactions at MEAG, described the acquisition as an important move in expanding the European and global diversification of the real estate portfolios managed for their clients. She highlighted the property’s alignment with MEAG’s investment priorities, citing its sustainable design, urban location, high construction quality, and strong energy performance. Union Investment was advised on the sale by CBRE, Dentons, and RSM. MEAG received advisory support from BNP Paribas Real Estate Netherlands, Greenberg Traurig, and C2N.