Amundi Real Estate announces the acquisition of five office buildings in Germany
Amundi Real Estate announces the acquisition of a portfolio of five core office assets in Germany from Warburg-HIH Invest’s “Deutschland Top 5” investment fund.
The assets, which were built between 2000 and 2013, are located in the prime locations of the central business district of three of the five largest German cities (Berlin, Frankfurt and Hamburg).
These buildings have a total surface area of 70.000sqm and will be rented to first-class tenants. Leases have been signed for four of the five assets and the “Oper 46” building located in Frankfurt will be leased exclusively for fifteen years to a shared work space company.
Amundi Real Estate was advised by L’Etoile Properties for the commercial part of the acquisition, Clifford Chance for the legal aspects and Drees & Sommer for the technical consulting.
Amundi Real Estate is Amundi's management company specialised in developing, structuring and managing property funds destined for private investors, private banks and their distributors, institutional investors, large companies and real estate professionals. 1st in terms of fundraising for SCPI and retail OPCI (IEIF – February 2019) and 1st property investment trust (SCPI and OPCI) management company in France, in terms of capitalisation (IEIF – June 2017), it has €31 billion of AUM*.
*data from Amundi Real Estate as at 31 December 2018.
Amundi is Europe’s largest asset manager by assets under management and ranks in the top 10 globally. It manages 1.425 trillion euros of assets across six main investment hubs . Amundi offers its clients in Europe, Asia-Pacific, the Middle East and the Americas a wealth of market expertise and a full range of capabilities across the active, passive and real assets investment universes. Clients also have access to a complete set of services and tools. Headquartered in Paris, Amundi was listed in November 2015.
Thanks to its unique research capabilities and the skills of close to 4,500 team members and market experts based in 37 countries, Amundi provides retail, institutional and corporate clients with innovative investment strategies and solutions tailored to their needs, targeted outcomes and risk profiles.
Amundi. Confidence must be earned.
Visit amundi.com for more information or to find an Amundi office near you.
^ Source IPE “Top 400 asset managers” published in June 2018 and based on AUM as of end December 2017