UBS-ZIREF bought the Schiller27 office from a real estate fund managed by DIC Asset. : A property managed by UBS Asset Management on behalf of Zurich Insurance Group’s Italian arm has paid €27m for a mixed-use asset in Frankfurt. The manager said the UBS Zurich Italy Real Estate Fund (UBS-ZIREF) has acquired the Schiller27 office from a real estate fund managed by DIC Asset. Constructed in 1997, the fully-let seven-storey Schiller27 building comprises 3,000sqm of office space and 350sqm of ground-floor retail space.