HIH Invest Real Estate investe nel residenziale a Osnabrück , in Germania

HIH Invest Real Estate (“HIH Invest”) is launching a new investment fund called “Wohninvest Quartiere Deutschland” for institutional investors, such as insurance company, superannuation schemes and pension funds, that will focus on residential neighbourhood developments. The institutional club fund will qualify as Article-8 fund under the Sustainable Finance Disclosure Regulation (OffV) and concentrate on the new-build construction of large-scale housing estates in German cities with positive demographics. The planned fund volume approximates 500 million euros while the contemplated distribution will equal about 3.25 to 3.75 percent annually. The minimum subscription amount is 25 million euros.

The residential development in Osnabrück represents the first acquisition that HIH Invest Real Estate notarised on behalf of the fund. It was sold by BPD Bouwfonds Immobilienentwicklung (“BPD”), one of the largest property developers in Europe. Within the framework of a neighbourhood development, nine residential buildings of three to four storeys are being constructed to the sustainable KfW efficiency house 55 EE standard in the Landwehrviertel locality in Osnabrück. A total of 241 residential units will be created on a combined lettable area of roughly 18,800 square metres, with twelve percent of the flats earmarked for subsidised housing construction. The underground car park will deliver 224 car and 438 bicycle parking spaces, with additional car-sharing spot planned. The acquisition of the properties took the form of an asset deal with a forward funding structure. It was agreed not to disclose the selling price.
The idea underlying the new quarter is to develop a recognisable high-end district structure, supplemented by social infrastructure, shopping venues and park areas.
Osnabrück, which is the fourth-largest city in Lower Saxony and an economically strong regional city with a growing population (165,000 residents today) while also being a campus town and home to companies from the automotive and logistics industries, attracts a large number of students and high-skilled workers.

Source : HIH Invest Real Estate.