REAL ESTATE | EUROPE

Europe offers prime assets in strong markets as well as the opportunity to find value across the continent

With an economic output of almost €14 trillion, the European Single Market is the world’s largest. There is, of course, significant regional variation. Among the EU’s most prosperous countries are Germany and Austria, where investors encounter stable, reliable commercial real estate markets. We guarantee exemplary support for the investments we manage by offering a local presence for our clients.

We manage Germany and Austria from our headquarters in Munich. The Austrian funds 3 and 4 have each acquired one of the three components of the “BIG BIZ” office and commercial building in Vienna. The total lettable area of both fund properties is just under 36,000 m2. The occupancy rate for both properties is close to full occupancy.

Central Europe Fund 2 consists of two historic building sections and a new seven-storey building in between, and has high-quality office and retail space, restaurants, 9 apartments and 160 underground parking spaces. The fund property is centrally located in the Prague 1 district. The fully let property has a total usable area of 12,767 m2.

Investors seeking a strong growth market should also look to Central Europe. Our Central Europe Fund 1, which encompassed an ensemble of buildings in the historic centre of Prague, brought investors an annual yield of 28.9% before tax. With offices in Poland and the Czech Republic, we are able to give investors the benefit of our experience in the local market.

„The centre of Europe is where the markets are most stable."

Bernd Rickels, Director Business Development

FULLY-SUBSCRIBED FUNDS

Germany Fund 2

Fund asset
High-quality office building consisting of six components in Munich‘s Trudering-Riem district with 27,800 m² of usable space and 197 underground car parking spaces; completed at the end of 2003 and certified ‘DGNB Silver’ in 2019.

AUSTRIA FUND 3

Fund asset
Section A of the three-part office and commercial building “BIG BIZ” in Vienna, with a usable area of 16,980 m² and 173 underground parking spaces, completed in 2003.

CENTRAL EUROPE 1

Fund asset
The ensemble of buildings named “Slovanský dům,” or “Slavic House,” located on the busy shopping street Na Príkope in Prague’s historic centre; six buildings with a total floor space of around 20,700 m²; high-end retail and office space, catering units, multiplex cinema, 16 apartments and 124 underground parking spaces.