Deutsche Investment Reports Continued Growth in 2020

Hamburg/Berlin, 11 March 2021 – Deutsche Investment continued to pursue its clear-cut growth trajectory despite the coronavirus pandemic in 2020, prospering in all of its business divisions. The sum total of assets under the company’s management increased by more than 20 percent as of 31 December 2020, up to EUR 1.8 billion (previous year: c. EUR 1.8 billion). Assets under management within the conglomerate which includes EB GROUP added up to c. EUR 1.9 billion (previous year: EUR 1.6 billion) at year-end.

By the end of 2020, the product portfolio of Deutsche Investment comprised seven real estate special AIF as well as an individual mandate for an institutional investor in the residential asset class. In addition to five residential and one office real estate funds, this included the new retail real estate fund “Deutsche Investment – Food Retail I,” which was launched in 2020 and which focuses on investments in food-anchored neighbourhood centres and retail parks, full-line grocery stores and discounters. Equity capital raised for the real estate special AIF currently in placement as well as for the single mandate added up to a total amount of EUR 366 million in 2020 (previous year: EUR 314 million). The transaction total achieved in 2020, based on the selling prices, amounted to a total of c. EUR 510 million (previous year: EUR 436 million).

Definitive transactions of 2020 included the acquisition of an ensemble of residential buildings located in Hamburg-Barmbek in an acquisition volume of c. EUR 55 million and the acquisition of a real estate portfolio with assets in Cologne and Düsseldorf worth a combined total of c. EUR 52 million. The latter simultaneously represents a major milestone in line with the continued expansion and regional diversification of Deutsche Investment. By acquiring Altmarkt Karree in Dresden, the company followed up with another major new purchase shortly after the transition of 2020 to 2021. As in previous years, the largest share of the transaction volume was accounted for by the residential property asset class at 73 per cent, followed by office properties with a share of around 16 per cent and the food retail asset class, which is still very new in the portfolio, at around 11 per cent. The food retail segment, for which DIR Deutsche Investment Retail stands with its specialised team, was only established at the end of 2019. For the "Deutsche Investment - Food Retail I" fund, properties with a total value of over EUR 60 million were already acquired in the first year of its launch, and the transaction volume will increase significantly from 2021.

The growth of Deutsche Investment’s business activities was matched by a further expansion of the company’s human resources. By the end of the year, the number of staff employed by the conglomerate, which includes EB GROUP, at the offices in Berlin, Hamburg, Düsseldorf, Nuremberg and Dresden had gone up to 210 (previous year: 170).

“By positioning our new affiliate, DIR Deutsche Investment Retail, in the market and completing initial investments in residential real estate in the cities of Cologne and Düsseldorf, we spent 2020 laying the foundations that are essential for robust future growth while further diversifying our range of products,” said Enver Büyükarslan, the main shareholder of Deutsche Investment KVG. “Especially under the conditions created by the pandemic-related constraints, our residential and food retail properties have proven to be very robust and stable asset categories. Our time-tested nationwide market access will help us sustain the dynamic of our acquisitions in the best interest of our investors, and enable us to connect seamlessly to our successful transactions of 2020.”

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Deutsche Investment Reports Continued Growth in 2020

Hamburg/Berlin, 11 March 2021 – Deutsche Investment continued to pursue its clear-cut growth trajectory despite the coronavirus pandemic in 2020, prospering in all of its business divisions. The sum total of assets under the company’s management increased by more than 20 percent as of 31 December 2020, up to EUR 1.8 billion (previous year: c. EUR 1.8 billion). Assets under management within the conglomerate which includes EB GROUP added up to c. EUR 1.9 billion (previous year: EUR 1.6 billion) at year-end.

By the end of 2020, the product portfolio of Deutsche Investment comprised seven real estate special AIF as well as an individual mandate for an institutional investor in the residential asset class. In addition to five residential and one office real estate funds, this included the new retail real estate fund “Deutsche Investment – Food Retail I,” which was launched in 2020 and which focuses on investments in food-anchored neighbourhood centres and retail parks, full-line grocery stores and discounters. Equity capital raised for the real estate special AIF currently in placement as well as for the single mandate added up to a total amount of EUR 366 million in 2020 (previous year: EUR 314 million). The transaction total achieved in 2020, based on the selling prices, amounted to a total of c. EUR 510 million (previous year: EUR 436 million).

Definitive transactions of 2020 included the acquisition of an ensemble of residential buildings located in Hamburg-Barmbek in an acquisition volume of c. EUR 55 million and the acquisition of a real estate portfolio with assets in Cologne and Düsseldorf worth a combined total of c. EUR 52 million. The latter simultaneously represents a major milestone in line with the continued expansion and regional diversification of Deutsche Investment. By acquiring Altmarkt Karree in Dresden, the company followed up with another major new purchase shortly after the transition of 2020 to 2021. As in previous years, the largest share of the transaction volume was accounted for by the residential property asset class at 73 per cent, followed by office properties with a share of around 16 per cent and the food retail asset class, which is still very new in the portfolio, at around 11 per cent. The food retail segment, for which DIR Deutsche Investment Retail stands with its specialised team, was only established at the end of 2019. For the "Deutsche Investment - Food Retail I" fund, properties with a total value of over EUR 60 million were already acquired in the first year of its launch, and the transaction volume will increase significantly from 2021.

The growth of Deutsche Investment’s business activities was matched by a further expansion of the company’s human resources. By the end of the year, the number of staff employed by the conglomerate, which includes EB GROUP, at the offices in Berlin, Hamburg, Düsseldorf, Nuremberg and Dresden had gone up to 210 (previous year: 170).

“By positioning our new affiliate, DIR Deutsche Investment Retail, in the market and completing initial investments in residential real estate in the cities of Cologne and Düsseldorf, we spent 2020 laying the foundations that are essential for robust future growth while further diversifying our range of products,” said Enver Büyükarslan, the main shareholder of Deutsche Investment KVG. “Especially under the conditions created by the pandemic-related constraints, our residential and food retail properties have proven to be very robust and stable asset categories. Our time-tested nationwide market access will help us sustain the dynamic of our acquisitions in the best interest of our investors, and enable us to connect seamlessly to our successful transactions of 2020.”

Download the press release as PDF file

Go back

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