WealthCap targets 50% AUM uplift via partnerships

Wealth Management Capital (WealthCap) has partnered German retail property manager IPH as a first step in a new expansion push to lift assets under management to €15bn in five years’ time from around €10bn now.

The real-estate and investment manager owned by Germany’s HypoVereinsbank also plans to add residential property to its portfolio for the first time later this year, broadening its real estate in sectoral terms from its current focus on offices.

WealthCap intends to enter into partnerships and joint ventures with other real estate sector companies in order to facilitate the planned expansion.

Gabriele Volz, chief executive officer of WealthCap told IPE Real Assets: “We achieved a tremendous amount of growth in previous years. For specialised activities, we cooperate with the best partners.”