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Montano Real Estate acquires further property for 'Montano Public Sector Fund I' in Stuttgart

·5-min read

Issuer: Montano Real Estate GmbH / Key word(s): Acquisition
30.08.2022 / 07:30 CET/CEST
The issuer is solely responsible for the content of this announcement.

Montano Real Estate acquires further property for "Montano Public Sector Fund I" in Stuttgart

  • Acquisition of the two connected core office buildings "Chess House" in Stuttgart's high-demand submarket Feuerbach

  • Long-term main tenant is the State of Baden-Württemberg, action plan developed to further increase sustainability

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

Munich, 30 August 2022 - Montano Real Estate GmbH ("Montano", www.montano.eu), one of the leading independent investment managers in the German commercial real estate market, can acquire another promising property for the multi-investor special fund "Montano Public Sector Fund I", which was launched in spring, with the purchase of the two connected office buildings "Chess House" in Stuttgart's Feuerbach district. The seller is SH.I.R. Real Estate Germany. The parties have agreed not to disclose the purchase price.

The property is located at Heilbronner Straße 314 in Stuttgart's high-demand Feuerbach submarket. The two parts of the building together have 9,000 sqm of rental space, extends over six or seven floors and also have a three-storey underground car park with almost 100 parking spaces. The state of Baden-Württemberg has been the tenant of the two buildings since April 2021. They are located north of Stuttgart's city centre and are easily accessible by public and private transport. As an integral part of the investment criteria, a concrete plan was already drafted during the due diligence process to sustainably transform the property through various measures.

"The Chess House is another very interesting property in an attractive location and has a long-term tenant with a strong credit rating in the state of Baden-Württemberg - this is precisely what we are targeting with our Public Sector Fund: commercially used administrative buildings in the best locations in the most important metropolises and economic centres. The strategy of acquiring flexible building structures in good locations with rent default-proof tenants and enforceable indexed leases makes our fund so interesting for investors, especially in times of crisis," says Ramin Rabeian, co-founder and Managing Partner of Montano Real Estate.

The economic launch of the "Montano Public Sector Fund I" only took place in April 2022 and significant equity commitments were already raised at the start. This means that the fund currently has a total investment volume in the three-digit million euro range. The fund is expected to invest a total of 500 million euros. The "Montano Public Sector Fund I" focuses on core properties with government or government-related users. The attractiveness of this asset class is due, among other things, to the fact that government-related users are always tenants with very good credit ratings who are interested in long-term leases due to the high barriers to relocation. Indexed leases also offer protection against the current high inflation. The "Montano Public Sector Fund I" qualifies according to Art. 8 of the Disclosure Regulation and thus takes into account the increasing relevance of the sustainability issue for the public sector.

Legal advisors were McDermott Will & Emery Rechtsanwälte Steuerberater LLP. Technical advice was provided by Drees & Sommer. The seller, SH.I.R. Real Estate Germany, was legally advised by Andersen GmbH Rechtsberatung Steuerberatung. Colliers Stuttgart and E&G Real Estate acted as brokers in the transaction.

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.

 

 


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:

1430533


 

End of News

DGAP News Service

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