Union Investment’s commercial property funds continued to prove their worth as solid investments in the first half of 2024. Despite a challenging market backdrop, open-ended real estate funds Unilmmo: Global and UniImmo: Deutschland paid out healthy distributions to their investors that were around 11 per cent up on the previous year. In mid-June, the distribution from UniImmo: Global was EUR 1.00 per unit, while the distribution made by UniImmo: Deutschland was EUR 1.90 per unit. UniImmo: Europa, which makes distributions in December, is also expected to pay out more this year than in the prior year.
The tax exemption on income enables Union Investment’s open-ended real estate funds to offer investors an attractive and competitive distribution yield that will remain stable over the medium to long term. Tax exemption rates of between 60 and 80 per cent apply.
Source: press release sent 24 June 2024