- 350 million Euros new equity from institutional investors
- 400 million Euros invested in residential and office properties
- Further growth envisaged
Hamburg, January 13, 2019. Regarding the acquisition of equity and the purchase of real estate, the investment and asset manager Hamburg Trust recorded a significant increase in 2018 as compared to the previous years. In total, Hamburg Trust obtained more than 350 million Euros equity from various institutional investors from the pension fund and insurance sectors in 2018. Within the same period, the company succeeded in purchasing no less than eleven residential and office properties worth around 400 million Euros in Germany and Austria, thus raising the value of the managed assets to approximately 1.5 billion Euros.
“We look back on a satisfactory year,“ summarizes Dr. Georg Reul, CEO with the Hamburg Trust Group. “In a highly competitive market, we successfully invested the equity our investors entrusted us within a range of sustainably attractive properties.“ The “domiciliumInvest“ fund with a target volume of approx. 600 million Euros launched in April primarily invests in modern residential real estate with a sustainable cash flow in Germany and Austria. “HT Office Top 30 Invest“ was launched in June and invests in office properties in metropolises and medium-sized towns.
New managers for asset management company (KVG)
Besides further significant investments in the existing funds, Hamburg Trust plans to launch additional institutional residential and office real estate funds in 2019. These will be administered by the Hamburg Trust Group’s own asset management company licensed by the Federal Financial Supervisory Authority (BaFin). The recently appointed managers of this capital management company (Kapitalverwaltungsgesellschaft), Hamburg Trust REIM Real Estate Investment Management GmbH, are Margret Schulenburg (45) and Aldert Lobik (46). Georg Reul, CEO, and Oliver Priggemeyer, COO, will continue to be responsible for the management of the entire Hamburg Trust Group.
Margret Schulenburg joined Hamburg Trust in October 2017. The fully qualified lawyer and real estate economist has been working in the real estate sector for more than 20 years. She has been dedicated to the institutional fund business for many of these years, among others as long-standing manager with a real estate investment management company specializing in institutional investors.
Aldert Lobik has been Chief Financial Officer with the Hamburg Trust Group since the beginning of 2015. He previously held positions at management level in the financial sector for a number of years, including no less than seven years as real estate fund manager with MPC Capital AG.