Hamburg Trust launches residential real estate fund for institutional investors

  • domiciliumINVEST invests in residential properties in metropolises and medium-sized towns
  • Occupational pension fund has already confirmed the investment of 100 million Euros equity
  • First properties have been acquired

With domiciliumINVEST, the real estate investment and asset manager Hamburg Trust is launching its fifth fund for institutional investors. The new special fund with a target volume of 600 million Euros invests in a vast range of different residential properties in metropolises and medium-sized towns with populations and economies which develop dynamically. An occupational pension fund has already confirmed that it will invest 100 million Euros, so that the fund will acquire its first properties in 2018. In total, Hamburg Trust manages real estate worth around 1.1 billion Euros for both private and institutional investors.

Highly diversified portfolio with steady cash flow Investments are aimed at both new buildings and existing properties already in use. In addition, micro-apartments in cities classified as “A“ and “B“ cities as well as in densely populated urban areas are planned. The focus of the investments is on medium-priced residential real estate. “The demand for affordable housing in metropolises, medium-sized and university towns will continue to be high in the foreseeable future. However, the construction of new apartments particularly in the middle segment is not picking up sufficient speed. We therefore anticipate very high and steady ocupancy rates in the long term. Currently, our residential real estate portfolio is virtually fully let,“ explains Georg Reul, Chief Executive Officer with Hamburg Trust. “This offers institutional investors the opportunity to invest in a highly diversified residential portfolio with a continuously steady cash flow,“ Reul adds.

First properties have been acquired For the domiciliumINVEST fund, Hamburg Trust has acquired two newly constructed residential buildings in Dresden. The houses located close to the city center have 4,250 sqm and 2,800 s qm of living space and will both be handed over in the course of the year 2018. A contract has also been signed for another property, which is to be completed in 2019. “This substantiates our strength in terms of finding attractive investments for our investors in these highly competitive markets,“ says Oliver Priggemeyer, Chief Operating Officer with Hamburg Trust.

Posted on 22. May 2018 in Allgemein

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