Deutsche Investment Reports Fast Growth in 2019

Hamburg, 5 February 2020 – The German AIFM company Deutsche Investment KVG successfully continued along its growth trajectory during its 2019 financial year: The assets managed by the company in its institutional funds and in the form of single mandates increased, based on fair market values (and excluding equity investments), by EUR 433.5 million to c. EUR 1,477 billion by 31 December 2019. This translates into a growth of around 42 percent since the prior year’s balance sheet date. Assets under management within the conglomerate which includes EB GROUP added up to c. EUR 1.6 billion.

The annual transaction volume based on selling prices and including notarised transactions rose to c. EUR 436 million in 2019. The massive increase by around 67 percent over prior year reflects primarily the rapid expansion of the company’s buying activities. Overall, Deutsche Investment spent c. EUR 399 million on real estate earmarked for its special property funds and single mandates. Inversely, it sold assets worth c. EUR 37 million. Acquisitions in 2019 concentrated on residential and office real estate in the markets of Berlin and Hamburg. Among the most sizeable deals counted the acquisition of a residential and commercial real estate portfolio of 44 properties in Berlin and Leipzig, which represented an acquisition volume of c. EUR 205 million.

The special property funds achieved a time-weighted average rate of return (BVI method) of 12.7 percent, while the IRR averaged 12.9 percent during the 2019 financial year. The net asset value of the separate asset pools increased by c. EUR 147 million to c. EUR 782 million in the course of the year. This implies a growth by 23 percent.

The product portfolio of Deutsche Investment currently includes five investment funds for residential real estate and one for office real estate. In October 2019, the subsidiary DIR Deutsche Investment Retail GmbH was set up to act as basis for entering another asset class. Headed by retail expert Susanne Klaussner, the new company will be responsible for the transaction-, asset- and property management in the “food retail” property asset class. Its business focus is on food-anchored local convenience centres and retail warehouse parks, full-line grocery stores and discounters.

In sync with the expansion and intensification of its business activities, the AIF management company also reinforced its staff capacities and now employs 35 team members in its offices in Berlin and Hamburg, seven of them in transaction management alone.

“Owing to our robust and direct network, we managed to acquire a number of properties for our institutional investors even in today’s strained markets, these being properties that fully meet their quality and return expectations,” said Eitel Coridass, Managing Director for Sales and Business Development at Deutsche Investment KVG. “In 2020, we intend to keep following our successful growth trajectory and to further diversify our product spectrum at the same time. This will help us do an even better job as we strive to meet the needs of our institutional investor and to tap additional customer target groups.”

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Deutsche Investment Reports Fast Growth in 2019

Hamburg, 5 February 2020 – The German AIFM company Deutsche Investment KVG successfully continued along its growth trajectory during its 2019 financial year: The assets managed by the company in its institutional funds and in the form of single mandates increased, based on fair market values (and excluding equity investments), by EUR 433.5 million to c. EUR 1,477 billion by 31 December 2019. This translates into a growth of around 42 percent since the prior year’s balance sheet date. Assets under management within the conglomerate which includes EB GROUP added up to c. EUR 1.6 billion.

The annual transaction volume based on selling prices and including notarised transactions rose to c. EUR 436 million in 2019. The massive increase by around 67 percent over prior year reflects primarily the rapid expansion of the company’s buying activities. Overall, Deutsche Investment spent c. EUR 399 million on real estate earmarked for its special property funds and single mandates. Inversely, it sold assets worth c. EUR 37 million. Acquisitions in 2019 concentrated on residential and office real estate in the markets of Berlin and Hamburg. Among the most sizeable deals counted the acquisition of a residential and commercial real estate portfolio of 44 properties in Berlin and Leipzig, which represented an acquisition volume of c. EUR 205 million.

The special property funds achieved a time-weighted average rate of return (BVI method) of 12.7 percent, while the IRR averaged 12.9 percent during the 2019 financial year. The net asset value of the separate asset pools increased by c. EUR 147 million to c. EUR 782 million in the course of the year. This implies a growth by 23 percent.

The product portfolio of Deutsche Investment currently includes five investment funds for residential real estate and one for office real estate. In October 2019, the subsidiary DIR Deutsche Investment Retail GmbH was set up to act as basis for entering another asset class. Headed by retail expert Susanne Klaussner, the new company will be responsible for the transaction-, asset- and property management in the “food retail” property asset class. Its business focus is on food-anchored local convenience centres and retail warehouse parks, full-line grocery stores and discounters.

In sync with the expansion and intensification of its business activities, the AIF management company also reinforced its staff capacities and now employs 35 team members in its offices in Berlin and Hamburg, seven of them in transaction management alone.

“Owing to our robust and direct network, we managed to acquire a number of properties for our institutional investors even in today’s strained markets, these being properties that fully meet their quality and return expectations,” said Eitel Coridass, Managing Director for Sales and Business Development at Deutsche Investment KVG. “In 2020, we intend to keep following our successful growth trajectory and to further diversify our product spectrum at the same time. This will help us do an even better job as we strive to meet the needs of our institutional investor and to tap additional customer target groups.”

Download the press release

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