Hansainvest & Wertgrund acquire alternative-KVG from PGIM Real Estate

Ridhima Sharma
clock • 1 min read

KVG Hansainvest together with Wertgrund Immobilien Gmbh has acquired PGIM Real Estate subsidiary Pramerica Property Investment Gmbh (PPI). As an Alternative Investment Fund Manager (AIFM), the PPI manages open-ended real estate funds, including the open-ended public fund WERTGRUND WohnSelect D, which was launched nine years ago and invests in residential real estate in Germany. The three companies have agreed on a deal in which the PPI goes to the two German companies. With PGIM Real Estate Germany AG, PGIM Real Estate maintains another capital management company (KVG) for the Germ...

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