La  tedesca HIH Invest cresce e raggiunge  16,4  bn  di AUM

HIH Invest Real Estate (“HIH Invest”) maintained its growth trajectory in 2021. Compared to 2020, the assets under management (AuM) increased by 28 percent to a new total of c. 16.4 billion euros. The AIFM company’s assets under managements are now split among 90 investment funds or mandates, up from 78 vehicles the previous year. Across all funds, HIH Invest earned 5.9 percent in returns during the 2021 financial year, with the loan-to-value (LTV) ratio approximating 30 percent. HIH Invest’s transaction total of 1.9 billion euros breaks down into 1.7 billion euros worth of acquisitions and c. 0.2 billion euros in sales. The Hamburg-based investment manager also gained more than 40 new clients last year, and is now serving a total of 260 different institutional investors.

Individual Funds Grew by More than 2.5 Billion Euros
HIH Invest launched eight new individual funds across all asset classes on behalf of its investors during the 2021 financial year. Their combined value grew by more than 2.5 billion euros in 2021. The growth was fuelled by real estate transactions in an amount of 0.7 billion euros, by contributions in an amount of 1.2 billion euros, and by indirect real estate investments worth 0.8 billion euros. At present, individual funds represent about 70 percent of the assets managed by HIH Invest.

Office Real Estate Remains Attractive
In its office segment, HIH Invest signed new leases for 110,000 square metres across Germany and for 43,000 square metres elsewhere in Europe last year, pushing the occupancy rate of its office portfolio beyond the mark of 95 percent. “Contrary to the wide-spread opinion that office real estate has been adversely affected by the increased number of people working from home, the market has shown a very robust performance. Demand for office accommodation remains very strong, especially for offices with floor plans that permit flexible workplace design options,” reported Hans-Joachim Lehmann, Managing Director at HIH Invest. He went on to say that the company is therefore planning to keep stepping up its activities in this segment during the ongoing year. HIH Invest currently manages 148 office properties with a combined fair market value of 7.14 billion euros; the time-weighted rate of return (BVI method) of the office funds equalled 7.1 percent in 2021.

Source : Company