German insurer Volkswohl-Bund is looking to secondary cities, following a decision to invest in commercial real estate debt for the first time.

Having recently mandated fund manager Caerus to invest €200m in senior real estate debt, the €11bn institution sees opportunity away from the core playground of Germany’s main cities.

The move into real estate debt is yet another example of institutional capital entering a traditionally bank-dominated sector.

Read full article (IP Real Estate, 23 January 2015):