Asset & Portfolio Management Frankfurt Eurotheum

Investment

Office properties

 Type of real estate

  • Office share >80 %

  • Functional office properties (multi- or single-tenant)

  • Good third-party usability

  • Sufficient car parking spaces

 Locations

  • A, B, C and D locations nationwide

  • For commercial buildings, a central city location with high pedestrian traffic

  • For district centres, location at traffic junctions or with high pedestrian frequency

Tenant creditworthiness

  • No tenant with more than 50% of the rental space
  • Companies with a good to very good credit rating

Rental situation

  • Occupancy rate at least 75%

  • Long-term leases with a term of at least 5 years on average
  • Customary market indexation or value protection clauses

Object status

  • New buildings (also projects)
  • Older properties in revitalised condition

Purchase price

  • Purchase price volume per property from 10 million euros
  • Forward deal structures possible

RETAIL PARKS

 Type of real estate

  • Positive perception through recognisable features visible from afar and appealing architecture
  • Priority ground-level building ensemble with diverse product range and overarching overall concept
  • Sufficient car parking spaces

 Locations

  • Preferably established locations in an urban context or on a well-developed urban fringe, if necessary with approval conditions for similar projects (protection against competition)
  • Regions in Germany with positive demographic development and above-average purchasing power

Tenant creditworthiness

  • Food market as anchor tenant
  • 2-3 well-known companies with good to very good creditworthiness as anchor tenants
  • Tenants from trade with periodic needs (drugstore, discount etc.)

Rental situation

  • Lease rate at least 75%
  • Long-term leases with a term of at least 5 years on average
  • Customary market indexation or value protection clauses

Object status

  • Older objects
  • New buildings (existing or projects)

Purchase price

  • Purchase price volume from 10 million euros (depending on city and location)
  • Forward deal structures possible

DISTRICT CENTRES AND COMMERCIAL BUILDINGS

 Type of real estate

  • Prominent individual objects or conglomerate of several related objects
  • District centres with a magnetic effect or commercial buildings in high-street locations
  • Mixed use of retail, office (<50%) and various complementary uses (residential, service, …)
  • Nearby supply desired, e.g. doctors, pharmacy, services, gastronomy
  • Sufficient car parking spaces

 Locations

  • A, B, C and D locations nationwide
  • For commercial buildings, central city location with high pedestrian frequency
  • For district centres, location at traffic junctions or with high pedestrian frequency

Tenant credit rating

  • No tenant with more than 50% of the rental space
  • Companies with a good to very good credit rating

Rental situation

  • Lease rate at least 75%
  • Customary market indexation or value protection clauses

Object status

  • New buildings (existing or projects)
  • Properties in need of refurbishment in the short or medium term

Purchase price

  • Purchase price volume from 30 million euros (depending on city and location)
  • Forward deal structures possible

Residential real estate

 Type of real estate

  • Residential properties with at least 20 residential units per property
  • Project developments (without assumption of construction and development risks)
  • Real estate and freely financed properties preferred

 Locations

  • A, B, C and D sites in Germany
  • Good to very good local supply situation
  • Good connections to public transport and the regional road network

 Object quality

  • Market-oriented flat sizes and floor plans
  • Future viability in terms of age-appropriate housing
  • Sufficient car parking spaces

Rental situation

  • Market-oriented tenancy agreements
  • Consideration of current tenancy legislation

Object status

  • Existing properties and new buildings
  • Refurbishment properties with maintenance and/or optimisation potential
    (refurbishments, floor plan adaptations, potential for adding storeys and redensification)

Purchase price

  • Purchase price volume from 10 million euros