The EUR 8.3 billion insurance company is considering making a maiden allocation to private equity real estate funds, but this is not likely to take place in the next 12 months. It is currently reviewing its real estate portfolio as well as expecting a company restructuring process and therefore it has not yet finalized its intentions for private fund investments. The insurance company feels that the Solvency II legislation will not have an impact on its real estate investments and the regulations will not affect the kinds of private real estate funds it commits to in the future. Barmenia’s 3.5% allocation to real estate is split 67% to direct real estate and 33% to mutual funds.
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