German Special Fund “Spezialfonds”
With the Best Value Germany I Columbia Threadneedle Real Estate Partners Germany achieved market entry within a short time. To date, we have successfully launched 10 Real Estate Special AIF “Spezialfonds” with a total target investment volume of over €3.8 billion.
Best Value Germany I (BVG I)
The fund has a gross fund volume of €310 million and invests in commercial real estate in prime inner-city locations in German mid-size and large cities. Over the 10-year fund life, an annual distribution yield of 5.5% is targeted. The fund administration is carried out by the managing company – “Kapitalverwaltungsgesellschaft” HANSAINVEST Hanseatische Investment GmbH. The fund has been fully invested since December 2013.
Best Value Germany II (BVG II)
The fund has a target volume of €500 million and a maximum debt of 50%. BVG II invests in prime properties in secondary and large German cities, with a focus on high-street retail properties. The fund aims to generate a stable annual distribution yield of 5.0% over the ten year maturity. The managing company “Kapitalverwaltungsgesellschaft” HANSAINVEST Hanseatische Investment GmbH is responsible for the fund administration. BVG II is almost fully invested.
Best Value Germany III (BVG III)
The fund has a target volume of €300 million and a maximum debt of 50 %. BVG III invests in prime properties in secondary and large German cities, with a focus on high-street retail properties. The fund aims to generate a stable annual distribution yield of 4.0 % over the ten year maturity. HANSAINVEST Hanseatische Investment GmbH is responsible for the fund administration. BVG III is currently in the investment phase.
Best Value Wohnen (BVW I)
The Fund has a target volume of about €300 million and acquires residential assets. BVW I invests in both, existing properties as well as development projects. Key markets are the top five markets as well as good secondary and tertiary cities with positive and strong economic and demographic development. The fund aims to deliver a stable and sustainable income return of 3.75 % p.a. net on average over its 15 year term. HANSAINVEST Hanseatische Investment GmbH is responsible for the fund administration.
Best Value Europe I (BVE I)
BVE I was launched in 2015 and is a closed-ended German “Spezialfonds” in accordance with the German investment law (KAGB) and supervised by the federal financial supervisory office (BaFin). The Fund has a target volume of ca. €700m comprised of 14 prime high-street properties within top tier European cities and in sub-markets offering luxury retail and tourist concentration. The fund aims to deliver a stable and sustainable income return of 4% p.a. net over its 10 year term. The fund administration is carried out by HANSAINVEST Hanseatische Investment GmbH.
Best Value Europe II (BVEII)
BVEII was launched in 2017 and is an open-ended Luxembourg FCP-RAIF in accordance with the Luxembourg investment law and supervised by fund administrator Luxembourg Investment Solutions. The Fund aims to reach an investment volume of ca. €1bn focusing on prime high-street properties within top tier European cities with focus on four defined retail segments: luxury, mass-market, premium and restaurants. The Fund aims to deliver a stable and sustainable income return of 4% p.a.
For Professional Clients only
The value of investments and any income from them can go down as well as up and investors may not get back the original amount invested. The value of property reflects the opinion of valuers and is reviewed periodically and these assets can be illiquid. The club deals aspect of our business is not regulated by the Financial Conduct Authority.
German Individual Mandates
Our structure enables us to offer our investors individual mandates with customised strategies. Currently, we look after individual mandates, mainly retail and residential, with a volume of approx. €900 million.
German Closed-end funds
For over 18 years we have successfully been managing closed-end property funds for our institutional and semi-institutional customers.
German Club Deals
In 2016 the first Club Deal Fund was launched with the acquisition of the urban quarter and shopping centre Q 6 Q 7 in Mannheim. The urban quarter is situated directly in the heart of the city centre and includes retail and residential spaces, offices, medical practices, a hotel and numerous other dining facilities over 60,000 square meters.