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RATISBONA Asset Management purchases 18 retail properties over six-month period

RATISBONA Asset Management (RAM), an investment and asset management firm specialising in real estate for food retailers, has purchased a total of 18 properties for its RATISBONA Handelsimmobilien Core Plus fund in the six months since its launch.

The properties include supermarkets for some of the largest names in German food retailing, such as REWE, EDEKA, Netto, Lidl, ALDI and PENNY. The combined leased space of the purchased properties is approx. 32,000 sq m, with a weighted average remaining lease term (WALT) of approx. 14.5 years.

The fund, launched in September 2018 in a third-party AIFM mandate with HANSAINVEST Hanseatische Investment-GmbH, is oriented towards institutional investors and has a target size of not more than EUR 300 million. The fund’s investment focus is in full-service supermarket, discount supermarket and convenience shopping properties throughout Germany.

“With our first investment fund, we are offering stable long-term cash flows from food retailer tenants,” says Gregor Volk, Fund Manager and Managing Partner at RAM. “We bring an in‑depth knowledge of this market segment, along with an extensive network which we have built up over a long period of time. Through these advantages, we are in a unique position to gain access to top-quality locations and to acquire attractive properties for our investment fund. In the course of 2018, we were able to win a range of different German institutional investors as new clients. The confidence which they have placed in us serves as a great motivation as we strive to achieve their investment objectives.”

RAM is currently in advanced stages of further acquisition transactions, according to Volk, through which the fund – which is still open for new investment capital – will be successively expanded.