REAL ESTATE | EUROPE

Europe offers prime assets in strong markets as well as the opportunity to find value across the continent

With an economic output of almost €14 trillion, the European Single Market is the world’s largest. There is, of course, significant regional variation. Among the EU’s most prosperous countries are Germany and Austria, where investors encounter stable, reliable commercial real estate markets. We guarantee exemplary support for the investments we manage by offering a local presence for our clients.

The German and Austrian markets are handled from our Munich headquarters. Our Germany Fund 1 invested in a high-end office building in the technology and business park in Böblingen. The key figure of interest to investors here is the occupancy rate, which is 100% in Böblingen. Hewlett Packard GmbH is the principal tenant, occupying two-thirds of the 28,500 m2 floor space. Another property with a high-tech tenant is the real estate held by our Austria Fund 5, located in Vienna’s 10th District and fully leased by the technology headquarters of BAWAG P.S.K. The 100% occupancy of the 43,300 mbuilding, complete with 247 underground parking spaces, is already secured until 2025 thanks to an early extension of the lease.

Investors seeking a strong growth market should also look to Central Europe. Our Central Europe Fund 1, which encompassed an ensemble of buildings in the historic centre of Prague, brought investors an annual yield of 28.9% before tax. With offices in Poland and the Czech Republic, we are able to give investors the benefit of our experience in the local market

„The centre of Europe is where the markets are most stable."

Bernd Rickels Director Business Development

Transactions (Examples)

GERMANY FUND 1

Fund asset

High-end office building in Böblingen Technology and Business Park with approximately 28,500 m² of floor space and 1,069 parking spaces; completed in late 2001.

AUSTRIA FUND 3

Funds asset
Section A of the three-part office and commercial building “BIG BIZ” in Vienna, with a usable area of 16,980 m² and 173 underground parking spaces, completed in 2003.

CENTRAL EUROPE 1

Funds asset
The ensemble of buildings named “Slovanský dům,” or “Slavic House,” located on the busy shopping street Na Príkope in Prague’s historic centre; six buildings with a total floor space of around 20,700 m²; high-end retail and office space, catering units, multiplex cinema, 16 apartments and 124 underground parking spaces