The partnership is meant to make it more efficient for clients of UBS Global Wealth Management (GWM) to incorporate property investments into their portfolios.
It will enable UBS clients in some markets in Asia and Europe, as well as Switzerland, to invest in Invesco’s institutional-quality global real estate strategies, selected co-investments or direct real estate investments worldwide, according to a statement by UBS GWM on Monday.
“This partnership gives [UBS GWM] clients exclusive access to solutions from leading partners. [It] allows them to gain exposure to unique and attractive investment ideas in tune with pivotal market trends,” said Bruno Marxer, head of global investment management at UBS GWM.
The offering will invest primarily in Invesco’s direct real estate strategies. It will also invest in real estate securities for liquidity, and selected co-investments or direct investments.
The partnership has been devised to satisfy a growing appetite from clients for income-producing strategies with a stable return profile, according to UBS GWM.
However, the collaboration does not preclude either party from offering real estate strategies or services to other clients or distributors.
Invesco has $63.6bn in direct real estate and $19.9bn in listed real estate, and more than 580 real estate professionals globally, according to the US asset manager.
“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,” said Marty Flanagan, president and CEO of Invesco.