Real IS buys the first property in Portugal for the fund

The real estate investment arm of German bank Bayern LB has acquired a 15,000-square-meter office building in Portugal for its open-ended real estate fund. Real IS invested an undisclosed amount on behalf of the Realisinvest Europa fund to buy the K-Tower building in Lisbon from Krest Real Estate Investments.

As Barbara Geidner-Buchelt, Head of Investment Management at the international branch of Real IS said: "This is our first investment in the Portuguese market, which we have been observing with great attention for several years. We are impressed by both the high energy efficiency of the building and its location.

She added that Realinvest Europa is one of the first retail real estate investment funds with an investment ratio compliant with the Regulation Taxonomy.

Jochen Schenk, CEO of Real IS, said: "All properties in the portfolio have environmental credentials in accordance with the SFDR and the green building certificate. Realisinvest Europa is one of the few pan-European funds with such a high level of taxonomy compliance."

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