SOKA-BAU under-allocated to real estate

The German pension fund has an appetite for real estate but is currently under allocated by €150m.

Name: SOKA-BAU
Headquarters: Wiesbaden, Germany
AUM: €15 billion
Current allocation to real estate: 11%

SOKA-BAU is under allocated to real estate by €150 million. The pension fund’s target allocation is 12 percent while having a current allocation of 11 percent and is targeting core-plus, opportunistic, proptech, secondaries and value-add strategies with a global focus, a spokesperson from the pension confirmed with PERE.

Founded in 1949, SOKA-BAU is a pension fund based in Germany focusing on servicing the construction industry. The pension fund provides holiday and wage compensation as well as manages the pension of its members.

The German based pension fund has a bite-size range of €10 million to €50 million; the LP also trades on secondaries market and pursues co-investment opportunities.

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