βs property arm is providing, wealth management clients, access to its strategies as part of a plan to broaden Invesco Real Estateβs offering to serve non-institutional clients.
Invesco Real Estate has been hired by UBS Global Wealth Management to provide an exclusive, bespoke global real estate investment mandate for the Swiss managerβs wealth management clients.
Invesco said the bespoke real estate offering will enable UBS clients in Switzerland and other select markets across Europe and Asia to invest in Invescoβs real estate strategies, selected co-investments or direct real estate investments worldwide.
βIt offers UBSβs private clients exposure to institutional-quality global real estate, diversified across sectors and geographies.β
The offering will invest primarily in Invescoβs direct real estate strategies. It will also invest in real estate securities for liquidity and selected co-investments or direct investments.
Marty Flanagan, president and CEO of Invesco, said: βWe are truly delighted to be announcing this new partnership and mandate from UBS to deliver our world-class real estate capability. 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.β
Bruno Marxer, the head of global investment management at UBS Global Wealth Management, said: βThis partnership reinforces our commitment to provide our clients with the best of what UBS has to offer, while also giving them exclusive access to solutions from leading partners.
βThis allows them to gain exposure to unique and attractive investment ideas in tune with pivotal market trends.β
R Scott Dennis, global CEO, Invesco Real Estate, said: βInvesco 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.
βWe are excited for the partnership with UBS to deliver these established, proven strategies as investors continue to seek exposure to private real estate.β
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