UK Markets closed

Montano Real Estate acquires first property for recently launched 'Montano Public Sector Fonds I' in an off-market transaction

·5-min read

Issuer: Montano Real Estate GmbH / Key word(s): Real Estate
31.05.2022 / 07:30
The issuer is solely responsible for the content of this announcement.

Montano Real Estate acquires first property for recently launched "Montano Public Sector Fonds I" in an off-market transaction

  • Purchase of a modern core office building in Frankfurt/Main

  • Long-term leased multi-tenant property with the City of Frankfurt as main tenant

  • "Montano Public Sector Fonds I" offers balanced risk-return profile and high security thanks to target group of government-related, creditworthy tenants and inflation protection through indexed lease contracts


Munich, 31 May 2022 - Montano Real Estate GmbH ("Montano", www.montano.eu), one of the leading independent investment managers in the German commercial real estate market, has acquired a modern core office building in Frankfurt/Main, the first transaction for the multi-investor special Public Sector Fund launched in April 2022. The object is sold by the Cells Group on behalf of a family office. The parties have agreed not to disclose the purchase price.

Built in 2002, the modern 5-storey office building has a lettable area of more than 8,000 sqm and 40 parking spaces and is currently fully let to a total of eight tenants. More than 80 percent of the rental income are generated by public sector tenants and government-related companies. The main tenant is the City of Frankfurt. The property is located at Salvador-Allende-Strasse 11 in the Frankfurt-Bockenheim district and is characterised by its proximity to Frankfurt city center and easy access by public and private transport.

"We are very pleased to announce this attractive transaction so soon after the launch of our Public Sector Fund. The target group of government-related tenants offers a high degree of security, because especially in turbulent times like these, a strong credit rating is an even greater asset," says Ramin Rabeian, co-founder and Managing Partner of Montano Real Estate. "For many years, we have had good experience with properties leased to government-related users and expect to announce more promising transactions for our fund soon."

The economic launch of the "Montano Public Sector Fund I" took place in April 2022 and significant equity commitments were already raised at the start. The fund currently has a total investment volume in the three-digit million euro range and is expected to invest a total of 500 million euros. The "Montano Public Sector Fund I" focuses on core properties in the office and special real estate sector with government or government-related users. One of the reasons why this asset class is so attractive is that government-related tenants have very good credit ratings and are interested in long-term leases due to high relocation hurdles. According to studies[1], the rental market with public sector tenants has turned out to be very robust even during the Corona crisis. The "Montano Public Sector Fund I" qualifies under Art. 8 of the Disclosure Ordinance, thus taking into account the increasing relevance of the sustainability issue for the public sector.

The buyer was advised in the off-market transaction by Black Olive, legal advisors were McDermott Will & Emery, technical advice was provided by ChandlerKBS. The seller was advised by HFK Rechtsanwälte PartGmbB.

 

About Montano Real Estate
Montano Real Estate GmbH is one of the leading independent investment specialists in the German commercial real estate market with offices in Munich, Frankfurt and Berlin. Institutional investors can find safe and particularly high-yield investment products that match their risk profile at Montano. Founded in 2013 by Ramin Rabeian and Sebastian Schöberl, the company's extensive experience in asset management for institutional and international investors has ensured steady growth and lucrative increases in value well above the market level.
www.montano.eu

Contact
Montano Real Estate GmbH
Lenbachplatz 5
80333 Munich, Germany
Phone +49 89 24 21 69 80 0
Email presse@montano.eu

Legal notice
This is a marketing communication prepared by Montano Real Estate GmbH, the asset and property manager of the "Montano Public Sector Fund I" ("Fund"). It is not intended as investment brokerage or investment advice. Detailed product-specific information and notes on opportunities and risks of the Fund managed by IntReal International Real Estate Kapitalverwaltungsgesellschaft mbH ("INTREAL") can be found in the respective valid contractual documents (i.e. the Terms and Conditions of Investment and other contractual documents, the information contained in the document prepared in accordance with section 307 KAGB and - in the case of semi-professional investors - any key investor information) as well as in the latest annual report. These documents are the sole binding basis for the purchase of shares in the fund. Please read them before making a final investment decision. The Fund is an actively managed fund that is not managed with reference to a benchmark index.

The fund is an open-ended special AIF with fixed investment restrictions pursuant to section 284 KAGB and may not be distributed to private investors within the scope of section 1 (19) no. 31 KAGB.

A summary of the investor rights is available in German in electronic form at https://www.intreal.com/wp-content/uploads/2021/07/Zusammenfassung-der-Anleger-rechte.pdf. On request, we will send you a paper copy free of charge. You can request it from Montano Real Estate GmbH, Lenbachplatz 5, 80333 München or from IntReal International Real Estate Kapitalverwaltungsgesellschaft mbH ("INTREAL"), Ferdinandstrasse 61, 20095 Hamburg.

Insofar as information is provided on individual financial instruments or issuers, this is not intended as a recommendation of specific financial instruments.

The future performance of the fund also depends on the investor's personal situation with regard to taxation and may change in the future. Please note that this document does not constitute or replace legal or tax advice.

This document and the assumptions contained herein have been prepared with care and in reliance on the accuracy of data provided to us by third parties, however, we cannot guarantee the accuracy, completeness or timeliness of this information. In addition, the parameters underlying this document are subject to change and it is possible that these assumptions may not be maintained at a later date.
Source: [Montano Real Estate GmbH] (as of 18.05.2022), unless other sources are stated.

[1] In accordance with studies by bulwiengesa.


Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

Montano Real Estate GmbH

Lenbachplatz 5

80333 München

Germany

Internet:

https://www.montano.eu/

EQS News ID:

1364597


 

End of News

DGAP News Service

show this
show this
Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting