Hansainvest increases AUM to €4.8bn

Hansainvest increases assets under management to €4.8bn

Hansainvest Real Assets GmbH has increased its assets under management to €4.8bn. The total transaction volume of the company came to c. €545m. Around €515m of this was attributable to acquisitions and c. €30m to sales. The biggest transactions included the acquisition of residential properties in Germany, an apartment complex in Denver (Colorado, USA), two office properties in Helsinki and Warsaw, and a logistics property in Germany. Sales activities were performed for the strategic purpose of streamlining the portfolio. Hansainvest Real Assets mainly divested smaller and older properties as well as a retirement home.


Nicholas Brinckmann, Chairman of the Management of Hansainvest Real Assets GmbH, commented: “2017 was a successful year for us, particularly in terms of transactions. We acquired another very promising property in Denver, Colorado, for our US residential real estate fund. In addition, we contractually secured a very attractive property in the form of the ‘Generation Park X’ office building in Warsaw.” 


Hansainvest Real Assets was also successful with letting management for its property portfolio: a total of 185 leases were concluded or renewed. This corresponds to around 90,000 m² of newly let space.


Martina Averbeck, Managing Director of Hansainvest Real Assets with responsibility for areas including Real Estate Asset Management, commented: “We significantly improved our portfolio’s occupancy rate with several new leases. The rate rose from around 91% at the end of 2016 to around 94% at the end of 2017.” 


Speaking about company plans for 2018, Brinckmann added: “We plan to make acquisitions in our core markets of the USA, Western Europe and Germany in 2018. I expect the acquisition volume to be at roughly the same level as in 2017. We also intend to expand our project development activities. In addition to our own developments, we also increasingly want to enter into joint ventures with other project developers. This will allow us to achieve larger volumes.”   

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