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.

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