Union Investment Institutional Property GmbH has created two funds with a target volume of €250 million to consolidate the existing indirect property investments of health insurance company Süddeutsche Kranken- und Lebensversicherung (SDK Group).

Union Investment will provide fund administration services and assist with strategic focus and selecting new target funds. SDK-Immoselect and SDL-Immoselect will invest in real estate funds and similar open-end vehicles.