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Montano Real Estate GmbH with successful first half of 2022 in challenging market environment

·5-min read

Issuer: Montano Real Estate GmbH / Key word(s): Half Year Results
12.07.2022 / 07:30
The issuer is solely responsible for the content of this announcement.

Montano Real Estate GmbH with successful first half of 2022 in challenging market environment

  • Successful launch of the "Montano Public Sector Fund I" and already first property acquisition

  • Significant expansion of the Carlyle partnership with six new acquisitions in 2022

  • Further transactions with reputable partners and first property acquisition on own balance sheet

Munich, 12 July 2022 - Montano Real Estate GmbH ("Montano", www.montano.eu), one of the leading independent investment specialists in the German commercial real estate market, looks back on a successful first half-year. In addition to the launch of the "Montano Public Sector Fund I" and a significant expansion of the Carlyle mandate, further flagship projects were concluded. The transaction volume in the first half of 2022 was around 280 million euros and fully in line with planning. The value of assets under management reached 1.63 billion euros (31 December 2021: 1.55 billion euros). In the first six months of 2022, twelve leases for a total of 11,500 sqm were also concluded.

"In the first half of 2022, as previously announced, we expanded our business model to include our own investment products, acquired our first property on our own balance sheet and launched our Public Sector Fund. And all this in a thoroughly challenging market environment! We are very proud of this team achievement," says Montano founder and Managing Partner Ramin Rabeian. Founding partner Sebastian Schöberl adds: "We also have a lot planned for the second half of the year. In addition to the expansion of our Public Sector portfolio and existing partnerships, we are increasingly focusing on acquisitions of Core Plus or Value Add properties in the food retail segment as well as investments in non-ESG-compliant and stranded office properties with the aim of repositioning them in an ecofriendly way. Although national players are currently reluctant to invest here, the momentum of foreign investors will prevail as the market offers a multitude of opportunities."

Successful launch of the "Montano Public Sector Fund I" and already first successful transaction

With the launch of the multi-investor special fund "Montano Public Sector Fund I" at the beginning of March 2022, Montano is hitting a segment perfectly suited to the current market situation. The fund exclusively acquires core properties in the office property sector with government or government-related users. Investors benefit from the excellent creditworthiness of this tenant group and the inflation protection provided by indexed leases. Both factors are considered very attractive in the current turbulent times. Already at the time of the launch, equity commitments in a significant amount were raised, enabling a total investment volume in the three-digit million euro range. In total, the fund volume is expected to grow to 500 million euros.

Shortly after the fund's launch, Montano was able to conclude the first transaction for the "Montano Public Sector Fund I" with the acquisition of a modern core office building in Frankfurt am Main. The seller on behalf of a family office was the Cells Group, the main tenant is the City of Frankfurt.

Significant expansion of the logistics partnership with Carlyle and already six new acquisitions in 2022

In the first half of the year, the partnership concluded in autumn 2021 with the globally active investment manager Carlyle was significantly expanded with the acquisition of a total of six new properties. Together, Carlyle and Montano are investing in logistics properties with a focus on distribution properties in prime city locations in Germany. With the transactions of the first half of 2022, the volume of the joint portfolio of Carlyle and Montano grows to 24 properties or around 300 million euros. The properties are being acquired for the pan-European real estate fund Carlyle Europe Realty (CER). The value of the total portfolio is to be increased to 500 million euros through further acquisitions.

Further transactions with renowned partners and first property acquisition on own balance sheet

Other major transactions included the acquisition of the building complex "Präsident-Kennedy-Platz 1/1A" in Bremen for an individual mandate of a German professional pension fund at the beginning of February 2022. At the beginning of March 2022, Montano was able to purchase the Duisburg Central Office in Quartier 1 as its first property on Montano's own balance sheet. The seller was Aurelis Real Estate, the transaction volume was in the high double-digit million euro range. Montano also acted as transaction advisor for the sale of Gold Tree's Oyster portfolio to HIH Invest. The sale took place as part of an asset deal via a structured process for HIH's local retail special fund "Perspektive Einzelhandel: Fokus Nahversorgung". Montano had been responsible for asset management here since the purchase in 2016.

Following the publication of the first Montano annual report at the end of February 2022, the first Montano sustainability report will also be published shortly.

 

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

 

 

 


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:

1395187


 

End of News

DGAP News Service

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