ACROSS | The European Retail Real Estate Magazine

Investment

Hahn Group presents new public AIF

Zentro Image: Hahn Gruppe

Value-added fund (Pluswertfonds) 168, SB-Warenhaus Kitzingen, was fully placed at the end of July after only eight weeks of marketing.

Immediately thereafter, the Hahn Group launched a successor fund, the public AIF Pluswertfonds 169. It is investing in a specialist retail center in Rothenburg ob der Tauber in Bavaria with a total volume of around €26.7 million through its capital management company DeWert Deutsche Wertinvestment GmbH.

In 1999, ZentRo, a retail park, had a leasable area of around 12,900 sq m. Value-added fund 169’s pro rata equity amounts to €15.5 million, with a fund volume of €26.7 million. Qualified private investors can participate with a minimum investment of €20,000.

The initial annual dividend is five percent. With a comparatively low level of borrowing of just 42% and an initial repayment rate of two percent, the offer was deliberately conservatively calculated.

Follow ACROSS

Download

fb-art 150

Share this article
Investment

A South African in CEE

An example: Hystead recently purchased “The Mall” in Sofia, one of the largest shopping centers in Bulgaria.

Allianz finances Liffey Valley in Dublin

Acting on behalf of several Allianz entities, Allianz Real Estate has closed the financing for Liffey Valley in Dublin.

Passionate expertise

TREC Real Estate Consulting GmbH was founded in 2014 in Düsseldorf. The company focuses on investment management and commercial property-management for retail properties. What the four shareholders have in common is their professional position, their wealth of expertise as well as their joy in doing their job.

Apsys refinances Posnania

Apsys has secured the long-term refinancing of Posnania with Berlin Hyp AG, ING Bank Śląski S.A., Société Générale, and Deutsche Postbank AG.

Delancey and Land Securities divest

Land Securities and Delancey have exited The Metro Shopping Fund.

Commerz Real buys Forum City Mühlheim, Germany

Commerz Real has acquired the 47,300-sq-m “Forum City Mühlheim” for its open-ended real estate fund “hausInvest.”