Warburg-HIH Invest lancia un nuovo fondo istituzionale per il Residential Real Estate in Germania : target 400 mn

Warburg-HIH Invest Real Estate (“Warburg-HIH Invest”) is about to launch its next open-ended special AIF, “Warburg-HIH Deutschland Wohnen Invest.” The fund will target an investment volume of approximately 400 million euros. It is planned to yield a dividend of 3.25 to 3.75 percent annually. As an institutional fund, it is intended mainly for regional banks and savings banks. The minimum subscription amount is five million euros.

The fund’s investment focus is on new-build housing developments in fast-growing residential locations inside metro regions and in stable standalone regions. Cities potentially eligible for acquisitions are, for example, Aachen, Bamberg, Bonn or Berlin’s gravy belt. But The first acquisitions for the fund are scheduled to move ahead as early as the second quarter of 2021, being already contractually secured. At this time, savings banks and regional banks have already pledged more than 150 million euros in capital commitments toward the acquisition of assets to build up the portfolio.

The fund pursues a sustainable investment strategy that focuses on modern and energy-efficient new residential construction and includes affordable living space and subsidized apartments. The fund will invest in projects that ensure easy access to the public transportation network and short distances by mixing use types in a given quarter. To guarantee a high energy efficiency for the residential portfolio, the fund will invest in new-build units that meet the KfW Efficiency House 55 standard. Moreover, it will include innovative mobility concepts such as charging stations for e-vehicles and the supply of common areas with green electricity. The fund will also invest in residential properties that create affordable homes and include senior-oriented living options.

Source : Company