In the first half of the financial year 2010/2011, aik (APO Immobilien-Kapitalanlagegesellschaft mbH), the property investment company for occupational pension funds and insurance companies, once again sustained its very good performance figures of the previous years on behalf of the real estate open-ended funds.
Active asset management provides for good performance
In the course of the first six months of 2011, 27 commercial leases totaling 8,500 m² with an annual net rental income of approx. 1.4 million as well as 21 lease extensions were signed.
Thanks to the good letting activity, an average half-year performance of 3.15% p.r.t. (BVI-method) was generated for aik's 10 real estate open-ended funds. Against the background of the good performance, investors were able to enjoy high dividend distribution. On average of all funds, distributions of 2.5% were made within the first half-year, based on average invested equity.
New national and international investments
Since the beginning of 2011, aik successfully acquired numerous assets in Germany as well as in other European countries. For instance, the newly-built LEED Gold certified 'Katharinum' in an excellent location of Leipzig is among the newly acquired properties. Furthermore, two assets in The Hague, one asset in Brussels and one in Arnheim were acquired for the international investment portfolio.
Based on the current market situation, aik seeks further acquisitions in Germany and in the Benelux-countries in order to provide the investors with the best possible investment in terms of risk-return profile within the current market environment. Potential acquisitions of attractive residential assets in Germany are in consideration, presently several investment properties are in the course of due diligence.