UBS Global Wealth Management has joined forces with Invesco’s real estate investment business to roll out a global real estate investment mandate for its wealth management clients.
The new offering will allow UBS clients in Switzerland and other select markets in Europe and Asia to invest in Invesco’s real estate strategies, certain co-investments, or direct real estate investments, globally.
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By GlobalDataThe partnership will enable the company’s private clients to benefit from exposure to institutional-quality global real estate across sectors and geographies.
Launched to cater to growing demand from clients for income-producing strategies with a constant return profile, the offering will invest majorly in Invesco’s direct real estate strategies.
Additionally, it will invest in real estate securities for liquidity, and select co-investments or direct investments.
UBS Global Wealth Management head of global investment management Bruno Marxer said that the partnership will allow its clients ‘to gain exposure to unique and attractive investment ideas in tune with pivotal market trends’.
Invesco president and CEO Marty Flanagan added that the offering has been structured specifically for UBS and its clients with a view to delivering a stable, attractive level of income over the long term.
Invesco, which has over 580 real estate professionals globally, holds $63.6bn in direct real estate and $19.9bn in listed real estate.
The firm claims to be the only manager to have comparable strategies across the US, Europe, and Asia.
Invesco Real Estate Global CEO Scott Dennis said: “Invesco is one of the few firms that has a truly global real estate platform with experience investing through multiple market cycles across the full risk-return spectrum.
“We are excited for the partnership with UBS to deliver these established, proven strategies as investors continue to seek exposure to private real estate.”