Swiss Life Asset Managers purchased the mixed-use commercial real estate portfolio with around 538,000 m² of rental space. The properties make up the starting portfolio of the new open real estate special AIF’s CREFG IV, which is managed by BEOS AG.
On the US and UK real estate markets, light industrial properties are nothing exotic but have been established for a long time and remain a popular investment objective then as now. The German “Unternehmensimmobilien” category of multi-use and multi-let commercial real estate has caught up lately, and the massive portfolio acquisitions by foreign investors as well as the steadily hardening cap rates suggest as much.
Aurelis Real Estate GmbH & Co. KG again increased its result. For 2017, the real estate company generated earnings before interest, tax, depreciation and amortization (EBITDA) of 217.4 million EUR, thereby increasing its earnings by 20 percent over the previous year.
The Stuttgart-based architectural firm asserted themselves against five competitors.
Aurelis increased its result for the third year in a row. The real estate company generated an EBITDA of 180.6 million EUR. As in previous years, this EBITDA is characterized by rental operations and profit generated from real estate sales. The company achieved record results once again this year.
Despite growing investor interest in "Unternehmensimmobilien" – a distinct asset class of German multi-use and multi-let commercial properties – the transaction volume in this market segment dropped to 1.84 billion euros by the end of 2016, implying a year-on-year decline by 22 percent.
Is the traditional 5% target yield for investors a thing of the past? bulwiengesa examined the yield potential on the German real estate market on behalf of Aurelis Real Estate and Beiten Burkhardt Rechtsanwaltsgesellschaft.
The investment market for “Unternehmensimmobilien” – the German term for multi-use and multi-let commercial real estate – has sustained its upward trend: Transactions in this asset class added up to a total of nearly 775 million euros by mid-year 2016.
Rising international competition and the effects of digitalization (Industry 4.0) over coming years will exert their most significant impact on manufacturing companies. Both of these trends will also bring about a change in demand for production-related real estate respectively "Unternehmensimmobilien" (multi-use and multi-let commercial properties).
Germany's investment market for "Unternehmensimmobilien" (the German term for multi-use and multi-let commercial real estate) experienced an unusual dynamic during the second semester of 2015. Overall, 1.32 billion euros were invested in Unternehmensimmobilien, which implies a 117% increase over the mid-year total.
The independent German consulting firm bulwiengesa AG analysed the German real estate market on behalf of Aurelis Real Estate GmbH & Co. KG, Beiten Burkhardt Rechtsanwaltsgesellschaft mbH, Commerz Real AG and Waterway Investments GmbH to identify its intrinsic potential for investment returns.
The total rental volumes for "Unternehmensimmobilien" (converted properties, business parks, warehouse/Logistics, light manufacturing) reflect the momentum of the German economy as a whole. 660,000 sqm were let by member companies of the Initiative, implying an increase by 37 % or 180,000 sqm since the previous half-year.
Aurelis Real Estate GmbH & Co. KG has acquired four business parks from Union Investment in Düsseldorf, Cologne, Liederbach (Frankfurt/Main) and Wiesbaden with total rental space of around 104,000 sqm.
The German real estate company Aurelis Real Estate GmbH & Co. KG ("Aurelis") successfully concluded fiscal year 2014.