As part of its new real estate investment management business, Deutsche Pfandbriefbank AG (pbb) will work with Universal Investment as a fund service platform provider. Universal Investment will launch and administer the planned open-ended real estate special fund, which will focus on German office properties and mixed-use properties. Deutsche Pfandbriefbank is a specialist bank for financing investments in commercial real estate and public infrastructure in Europe and the U.S. It is one of the largest Pfandbrief issuers and is a major issuer of covered bonds in Europe. pbb shares are listed on the Frankfurt Stock Exchange.
