CR Immobiliengalerie_2014_engl_RZ5.indd

Transcription

Open-ended real estate fund
Real estate gallery
This consumer information serves advertising purposes.
Foreword
Dr. Andreas Muschter,
Chief Executive Officer
of Commerz Real AG
Dear Reader,
A gallery can display the most impressive aspects of a complete work or it can show
a representative extract. In the case of this real estate gallery we have opted for a
combination of both. Our gallery shows you a cross-section of the total of more than
100 hausInvest fund properties, while at the same time also presenting some special
highlights: in addition to one of Europe’s largest shopping centres, the fund’s portfolio
includes the first office real estate in Europe to fulfil the platinum standard of the LEED
certification assessment for sustainability.
hausInvest has now been underlining its solidity and stability since as long ago as 1972.
Much has happened in this long period of time. The constant feature, however, has been
change: hausInvest has developed from a small-volume investment fund into one of the
giants of the industry. The fund for office real estate has become an investment product
with a wide diversity of uses in its portfolio. Initially a purely German fund, hausInvest is
now at home in Europe and is pursuing a clearly-defined international strategy.
For four decades now the burning question for us has been how we can invest the assets
of our investors profitably and securely. Despite societal and political changes, the basic
answer has always remained the same: high-quality, substantial real estate with predominantly long-term lease agreements in locations with promising economic strength
has formed the foundation for the success of hausInvest from the very outset. The precise
location of such substance is something that has in part changed over the years – and
thus hausInvest has changed too. Good fund management is, therefore, the capacity to
constantly question and reassess accepted solutions. Regular amendment in line with
market forces and the permanent anticipation of these is what we call active portfolio
management. This has made hausInvest a success story for 42 years now and one of the
most attractive investment products in Germany.
Form your own picture of the diversity of our hausInvest real estate. I wish you lots of
pleasure on a round-trip of our gallery.
Yours
Dr. Andreas Muschter
3
Contents
5
Office
21
Retail
29
Hotel & Logistics
Helsinki
Stockholm
Malmö
Greater
Amsterdam/
Rotterdam
Belfast
Liverpool
Hamburg
Düsseldorf
Greater London
The Hague
Brussels
Berlin
Hanover
Rhine-Main
Luxembourg
Stuttgart
Milan/
Bergamo
Prague
Regensburg
Vienna
Greater Paris
Warsaw
Schweinfurt
Munich
Fukuoka
Venice
Orange
Miami
Toulouse
Aix-en-Provence
Girona
Lisbon
Faro
Izmir
Singapore
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At a glance
Are you already familiar with the new hausInvest app? This allows you to carry the more
than 100 hausInvest properties with you at all times, enabling you to know precisely how
and where your money is invested. To be found in the Apple Store and in the Google Play
Store. Simply scan in the QR code and download the hausInvest app. Or utilise our real
estate database under http://hausinvest.de/immobilien/immobilien-gesamtuebersicht to
discover the hausInvest real estate portfolio.
Cover photo: Hotel de Rome, Berlin, Germany
New Babylon, The Hague, Netherlands
Office
Paternoster Square, London, Great Britain
Goodbye greyness: Even though things sometimes become turbulent, modern workplaces have a high well-being factor. Relaxing and
working are not mutually exclusive. A first-class fit-out, lots of natural daylight and appealing colour concepts enhance productivity – the
right framework for the global business of renowned companies.
© Hochtief Projeckentwicklung GmbH
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Office
Retail
© Hochtief Projeckentwicklung GmbH
Hotel & Logistics
Tradition meets modernity
Neue Direktion Köln is currently being developed in a prestigious location right on the
banks of the Rhine and in the immediate vicinity of the Cologne Cathedral and the
central station. To this end the building erected in 1913 for Cologne’s regional railway
administration is being entirely rebuilt and supplemented with a modern glass roof.
Merely the heriage-protected façade will be retained and integrated into the new
building. Following completion it is intended to have the property certified to the silver
standard of the German Sustainable Building Council (Deutsche Gesellschaft für
Nachhaltiges Bauen – DGNB). Some 22,000 m² of state-of-the-art office space are
being created behind the historical façade.
The sole tenant in Neue Direktion Köln is the European Aviation Safety Agency (EASA).
The lease agreement has a term of 20 years with an option for an extension. The building
– with its symbiosis of neoclassical façade and the modern roof design – will be a new
architectural landmark along Cologne’s Rhine panorama. Moreover, thanks to the longterm lease agreement with the renowned EASA, this office property will make a reliable
contribution to the success of hausInvest.
Neue Direktion Köln
(Project development)
Cologne, Germany
Konrad-Adenauer-Ufer 3
Constructed:
Planned completion May 2016
Investment completed:
December 2013
Rental area: 22,427 m²
Tenant: EASA
Total investment costs:
€ 128 million
More information: Scan in the
QR code and
experience Neue
Direktion Köln at
first hand.
8
Japan Center
A little piece of Japan on Main
Frankfurt, Germany
Taunusstrasse 2
With its architecture reminiscent of the Far East, the Japan Center dominates the Frankfurt skyline in its own special manner. Despite its relatively low height of 115 metres
when compared with the neighbouring skyscrapers in the banking district, the Japan
Center is not to be overseen. The red granite façade with its clear lines immediately
catches the eye. The façade comprises a grid of stone blocks measuring 90 by 180 cm,
each weighing 80 kilograms, and is based on the tatami mat – the most important measure in traditional Japanese architecture.
Constructed: 1996
Acquired: June 2002
Tenants: incl. ECB, McKinsey
Market value: € 167.9 million
In addition to modern office space the Japan Center accommodates a conference centre
with four meeting rooms and the restaurant “Windows 25” on the top floor. Here the visitor also has a fantastic view over “Mainhattan”, as Frankfurt’s skyline is known locally.
The main tenant for the modern office space is the European Banking Authority. This
agency, a part of the European Central Bank, leased more than half of the building as of
the end of 2013.
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Office
Retail
Hotel & Logistics
Unadulterated nature in the inner city
Cambium
The Cambium is a truly special piece of real estate. The name itself already promises a
great deal: the word cambium is used by botanists to describe the blossoming part of a
plant which supplies the petals with nutrients. The function of the “energy supplier” in
this red clinker construction is assumed by the generously-proportioned atrium. Wood,
natural stone, plants, sunlight and water characterise the atmosphere.
Hamburg, Germany
Nagelsweg 33–35
Since the conclusion of the extensive refurbishment work in 2005 the property has become a “green oasis” in the southern part of Hamburg’s city centre. The bright, spacious
and generously-greened winter garden with its glass-and-steel roof construction is a
perfect place to relax. At the same time productivity and creativity are enhanced thanks
to the modern well-being ambience of the offices.
Refurbished: 2005
Acquired: January 1988
Tenants: incl. Körber AG,
Easynet GmbH
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Place d’Iéna
Top location with unique vista
Paris, France
7 Place d’Iéna
One of the most prestigious pieces of office real estate in the Parisian central business
district, the 16th arrondissement, is Place d’Iéna. Precious marble and wood panelling in
the entrance area immediately underline the exclusive nature of the building, which was
constructed in 2000 and extensively refurbished in 2008. Accordingly, the main tenants
are renowned companies: the Japanese financial holding Nomura, and the computer
and entertainment electronics manufacturer Apple. The panorama patio on the top floor
offers employees a view of the city’s numerous sights towards Montmartre and SacréCoeur.
Constructed: 2000
Acquired: May 2002
Tenants: incl. Apple, Nomura
Just a stone’s throw from the garden of Place d’Iéna is the Eiffel Tower. The former tennis
court of its constructor, Gustave Eiffel, has been integrated into the park-like grounds
that go with the real estate. Located right next to a metro station, the office building is
easily reached by public transport and – by Parisian standards – also quite easily by car.
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Office
Retail
Hotel & Logistics
Office with an unmistakeable working atmosphere
Rives de Bercy
In the 1980s the Rives de Bercy district in eastern Paris saw several significant simultaneous construction projects: the Palais Omnisport, the Finance Ministry and the new
National Library were built here. Subsequently a large number of new residential and
office buildings were constructed along the river Seine to form an ensemble with these
large buildings. This expansion of the area has meant that the district is now very much
the “in place” to be. And in the midst of these buildings is an office block with an impressive glass façade and modern architecture – Rives de Bercy.
Charenton-le-Pont, France
Quai de Bercy
Constructed: 2003
Acquired: November 2001
Tenant: Crédit Foncier de France
Market value: € 187.4 million 1)
1)
The impressive lobby, with a view of the Quai de Bercy, and the open areas offer an
unmistakeable working atmosphere, yet relaxation is also never far away. On the grassed
roof terraces employees can enjoy an incredible panoramic view of Paris. The property
is situated in the immediate vicinity of the city’s orbital motorway, and downtown Paris
may be reached in just a few minutes with public transport. The tenant of the property
is Crédit Foncier, France’s largest private real estate financier and one of the big players
worldwide.
ausInvest holds a stake of
h
59.78 % in the property.
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Office
Retail
Hotel & Logistics
Historical real estate with a modern interior
Great Portland Street
The real estate Great Portland Street in London’s West End exudes Victorian elegance.
But behind the property’s stone walls are flexible office areas with a high-quality fit-out.
An exclusive entrance area rounds off the representative character. The main tenants are
the real estate experts from MJ Mapp. The benefits of the building are also utilised by
the international cosmetics manufacturer Estée Lauder, whose daily business is closely
tied to beauty. Thus the Victorian aesthetics of the property ideally suit the company’s
concept – and was chosen as its representative office in the English capital.
London, Great Britain
W1W, 5 Marylebone,
180 Great Portland Street
The property was originally built in 1910 as an apartment building. In the course of a
ground-up renovation it was given new windows and modern building technology in
2007; the façade is now also radiant following refurbishment. And as Great Portland
Street is close to the underground rail network, the offices can easily be reached even
when the streets are thronging with rush-hour traffic.
Refurbished: 2007
Acquired: September 2008
Tenants: incl. MJ Mapp, Estée
Lauder Cosmetics
Market value: £ 93.3 million
14
New Babylon
(Building H)
The Hague, Netherlands
Bezuidenhoutseweg 57
Constructed: 2010
Acquired: September 2010
Tenant: Pels Rijcken & Droogleever Fortuijn
Right where it’s happening
Together with the neighbouring central station, the “New Babylon” building complex in
The Hague has been given a complete facelift. Existing office buildings were modernised
and new blocks constructed. Thus, an exciting mix of working and residential areas,
shopping opportunities, food and drink outlets has come about directly in the city centre. A part of this extensive construction project is Building H – an office property that
meets the highest tenant demands. In the heart of The Hague – the seat of the government of the Netherlands, the residence of the royal family and home to numerous international institutions – is where Pels Rijcken & Droogleever Fortuijn feels right at home.
The long-standing and renowned law firm has been domiciled here since 1977 and
moved into new offices in Building H in June 2010. The offices are generously proportioned, flooded with light and fitted with high-quality interiors – just what one would
expect from the law firm that provides the Dutch attorney-general. In the Netherlands
there is only one attorney-general, who represents the state in all legal matters. This
person is named as the attorney-general following a royal proclamation. The law firm
has provided the attorney-general since 1888.
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Office
Retail
Hotel & Logistics
Administration experts at work behind futuristic façade
City Atrium
With its futuristic glass façade the City Atrium is an urban development highlight in
northern Brussels. The main tenant in the two-wing, ten-storey building complex is
Régie des Bâtiments. This government agency, which is part of Belgium’s Ministry of
Finance and which administers all the public buildings in the country, has made a longterm commitment to the location. The lease agreement was once again extended only
recently. This agreement – signed personally by Belgium’s Minister of Finance – extends
through to the end of 2032.
Brussels, Belgium
Rue du Progrès 50–56
In addition to the above-average length of the lease agreement – the invariance of
bureaucracy has its benefits at times – the City Atrium captivates thanks to its excellent
location. The property is located at Brussels North railway station and in the heart of a
great neighbourhood. The quarter is already home to major companies and public sector
administration units. Both downtown Brussels and the airport may be reached in just a
few minutes.
Constructed: 2003
Acquired: December 2002
Tenant: Régie des Bâtiments
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Office
Retail
Hotel & Logistics
Where form meets function
Tulipan House
The architects of Tulipan House in Warsaw have succeeded in creating an attractive
blend of form and function. Located in the new business district of Mokotów, this office
scheme exudes an apparent nonchalance – an impression explained by the low height of
the building and a lobby that is just as high as the building itself and which features a
stylish atrium and a façade of sandstone, timber and glass.
Warsaw, Poland
Ulica Domaniewska 50a
This character also extends to the office floors with their high-end fit-out, expansiveness,
and absence of supports. Light plays a key role in enhancing the impression. As the
functional floor-plan channels daylight into all areas of the building, the illumination in
the evening creates an atmospheric ambience. No wonder then that the property has
already won an award for its impressive lighting concept in an architectural competition.
The building picked up another award in 2013: the tenants voted Tulipan House as
“Office of the Year 2013”. The hausInvest real estate came out on top of a total of 60
office buildings in a survey conducted by the Polish specialist publication Eurobuild.
Constructed: 2008
Acquired: June 2008
Tenants: incl. Huawei, Kodak
18
Lintulahti
Committed to sustainability
Helsinki, Finland
Lintulahdenkatu 10
Lintulahti is two kilometres east of downtown Helsinki – only a stone’s throw from the
Baltic Sea. At first glance the office building appears somewhat unexceptional. Yet this
real estate has a lot to offer. Lintulahti is the first building in Europe to fulfil the platinum standard – the highest standard – of the American LEED program for sustainable
real estate.
Constructed: 2009
Acquired: August 2010
Tenants: incl. Aspo,
Tommy Hilfiger
That this is not a matter of chance is something that only becomes clear if one takes a
closer look: the façade of Lintulahti is twice as air-tight as that of comparable buildings.
In combination with modern windows, any loss of heat is thus avoided to the greatestpossible extent. 85 per cent of the rental areas are illuminated with natural daylight.
The property thus consumes 30 per cent less energy than demanded of new buildings
in Finland. This is, naturally enough, also environmentally-friendly: the electricity is
100 per cent green. And instead of using air-conditioning, the property’s temperature is
regulated using district cooling. Many of the employees from the tenants located here
use the excellent links to local public transport, travelling to the office by suburban or
underground train. The interplay of ideas large and small is the key to the successful
concept here.
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Office
Retail
Hotel & Logistics
Unequal siblings rank among Singapore’s top addresses
Shenton Way
If area is taken as a standard, Singapore is about the same size as Hamburg. As an
international financial centre and the world’s largest transhipment centre for goods, the
smallest country in Southeast Asia is a veritable giant. The real estate Shenton Way is
centrally located in this market. The property at the western end of the banking and
finance district comprises two very different yet equally spectacular office towers. The
North Tower offers some 26,000 m² of space across 34 storeys, which are predominantly
leased to companies from the maritime, financial services and consulting sectors.
Singapore, Singapore
78 Shenton Way
Constructed: 1988/2009
Tenants: incl. Shimizu
Corporation,CPM Consulting
Market value: SGD 611.5 million 1)
1)
In 2009 the North Tower was joined by a little brother, to which it is linked by a central
lobby. The South Tower – one of the most modern office buildings in Singapore – was
erected on the roof of an adjacent car park. Its seven storeys provide about 7,000 m² of
lettable space. The main tenant is the insurance company American Home Assurance.
All areas of the central business district may be reached from both towers within ten
minutes on foot or five minutes by car.
h
50 % in the property.
Espai Gironès, Girona, Spain
Retail
Westfield, London, Great Britain
Modern shopping centres offer a shopping experience with considerable recreational value. Luxury goods, trend brands, daily necessities
– all under one roof. After the shopping spree, relaxation is also on
offer thanks to restaurants, cinemas and fitness studios. This concept functions worldwide and promises success in the long term.
23
Office
Retail
Hotel & Logistics
Shopping in a new dimension
Westfield
Even for London the dimensions are gigantic. Westfield – with a retail area equivalent to
25 soccer pitches one of the largest shopping centres in Europe – is just five kilometres
from the centre of the capital. With a lettable area of more than 162,000 m², over 265
stores and 40 restaurants, this giant sets new standards in terms of size and its offering.
The mall combines the exclusivity of London’s Bond Street with the wide retail diversity of
Oxford Street. All price ranges are gathered under one roof – protected from the elements
and the noise of traffic.
Westfield/White City
Constructed: 2008
Acquired: August 2004
Tenants: incl. Debenhams, Next,
House of Fraser, Marks & Spencer
Market value: £ 1,979 million 1)
1)
The centrepiece is the light-flooded atrium – which could easily accommodate a jumbo jet.
Here shoppers can find trend brands such as Hollister, Cos and Zara. In addition there are
the anchor tenants, including Marks & Spencer and Debenhams. The expansive aisles of
the luxury section are home to a procession of boutiques for more than 40 top-end brands
such as Louis Vuitton, Prada and Dior. The concept has paid off: last year some 30 million
shoppers generated a turnover of around a billion pounds. Westfield profits not only from
the excellent transport connectivity, but also from London’s popularity as a tourist destination. 30 per cent of the customers are tourists from all over the world.
h
50 % in the property.
More information:
Scan in the QR
code and experience Westfield at
first hand.
24
Orio Center
Art and consumption united in Bergamo
Bergamo, Italy
Via Portico 71
One of the largest, most modern and at the same time most popular shopping centres
in Italy is located in Lombardy. The Orio Center has a special status in the Bergamo
conurbation. Customers can shop here for any number of international trend brands,
while at the same time enjoying events and exhibitions of contemporary art. At present,
for example, the mall is populated by 7,200 brightly coloured life-sized plastic sculptures of animals. The spectacle is attracting new customers to the mall, and ensuring
the shopping centre an entry in the Guinness Book of Records – for the second time now
since 2007.
Refurbished: 2005
Acquired: June 2000
Tenants: incl. Benetton, H & M,
Hollister, Zara
The fully-leased centre with its 200 outlets is extremely successful. Each day as many
as 40,000 customers flock to the shopping paradise, which is located right next to the
motorway and in close proximity to the airport. It may be reached by 1.8 million people
within 40 minutes – not including air passengers. And this is also appreciated by the
tenants: Apple and the trend brand Hollister opened outlets in the Orio Center at the
end of 2010. So as to fulfil customer requirements and tenant wishes in the future, the
shopping mall is currently being expanded to 69,000 m².
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Office
Retail
Hotel & Logistics
Shopping and recharging of batteries made easy
Forum Algarve
For many Portuguese people, shopping malls are a popular shopping facility – and often
the only one. This is why shopping centres such as Forum Algarve continue to benefit
from a stable consumer base. The fully-leased mall near Faro, which boasts 114 stores
and a cinema, is frequented by more than eight million customers every year. Among the
most renowned brands are Zara, MAC, Apple and Nespresso. So that customers enjoy
shopping here and return on a regular basis, the centre management consistently implements new ideas. Numerous marketing awards are testimony to the success of customer
loyalty measures. So as to attract local visitors and tourists to the centre in the summer
months – which generally have weaker sales – this year once again saw the staging of
the music event “Forum Summer Sounds”. On three different evenings popular national
bands played to a total of some 100,000 music fans.
Faro, Portugal
Estrada National 125
When it comes to environmental compatibility Forum Algarve is also a pioneer. Its energy efficiency has been certified by an independent body. Moreover, visitors can literally
recharge their batteries here: a number of parking spaces with charging stations are
available for electric cars.
Constructed: 2001
Acquired: May 2000
Tenants: incl. Zara, C & A, FNAC
26
Regensburg Arcaden
Shopping centre with a well-being factor
Regensburg, Germany
Friedenstrasse 23
Striking wall cladding, shop façades that protrude into the mall, a new lighting and
illumination concept, as well as lounge-style seating – these are probably the most noticeable changes to Regensburg Arcaden to result from the 18 months’ of refurbishment
measures that were completed in the spring of 2013. So as to bring the shopping centre
up to standard for the coming years, the sanitary facilities were also renovated and refurbished, numerous stores relocated and the footprints of the sales areas optimised
in part.
Constructed: 2002
Acquired: November 2002
Tenants: incl. Kaufland,
Esprit, Wöhrl
Market value: € 200.1 million 1)
1)
h
99.99 % in the property.
And this restructuring has paid off. On the day the mall reopened a new record was set
with 40,000 visitors; in the meantime some 28,000 shoppers frequent the Regensburg
Arcaden every day – nearly nine million a year, therefore. 40 per cent of the visitors use
the glazed walkway – the lifeline uniting downtown Regensburg with the centre – so as
to reach the mall. Thus the retailers in the town’s historical centre and Regensburg Arcaden benefit from one another. In addition, 20 new brands have been acquired as tenants.
27
Office
Retail
Hotel & Logistics
Aegean breeze blows along the shopping boulevard
Forum Bornova
Strolling beneath palm fronds from store to store before relaxing in a mild Mediterranean climate: This is what Forum Bornova shopping centre offers to residents of Izmir.
With a population of 3.5 million, the city on the Aegean seaboard and its surrounding
areas rank among Turkey’s most powerful regions in economic terms.
Izmir, Turkey
Bornova Center
Forum Bornova is a shopping mall with boulevard character. Bright natural stone from
the region and palm trees ensure a Mediterranean ambience. The shopping and leisure
centre, which is located in the immediate vicinity of Izmir University campus, has
attracted renowned national and international brands. Ikea and the Tesco-Kipa superstore alone – the two anchor tenants – have taken up floor-space equivalent in size to
more than two and a half football fields. Added to this is a cinema complex with seven
screens accommodating 1,100 cinemagoers, as well as 130 stores. Numerous restaurants
and rooftop patios invite shoppers to relax after making their purchases – with many
staying late into the evening.
Constructed: 2006
Acquired: July 2005
Tenants: incl. Ikea, Tesco,
Massimo Dutti
Orio Hotel, Bergamo, Italy
Hotel & Logistics
Eurotheum, Frankfurt am Main, Germany
Life never stands still here. Logistics real estate and hotels are hubs.
They unite people and markets – 24 hours a day, seven days a week.
Branches of industry that promise growth – for the world over people
are becoming increasingly more mobile and global goods flows becoming ever bigger.
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Office
Retail
Hotel & Logistics
Fascinating mixture of old and new
Hotel de Rome
Those who look over historic Berlin from the roof garden of the Hotel de Rome are treated to a mini tour of the city. Berlin Cathedral, Museum Island and the State Opera House
– the view is simply unforgettable. Yet it is not just the location, but also the architecture
of the building, which was erected in 1889 and extensively restructured in 2006, that is
unique and also steeped in history. Built as the headquarters of Dresdner Bank, it was
later home to the state bank of East Germany, and to this day the classical architecture
has been retained in its original state whenever possible. Together with the contemporary interior design a fascinating mixture of old and new has been created.
Berlin, Germany
Behrenstrasse/Französische
Strasse
The five-star hotel, which is managed by the tenant Rocco Forte, impresses with its
five-metre-high ceilings, marble columns, intricately designed skylights, ballroom and
exclusive service. And as a special highlight guests can relax in the 20-metre swimming
pool, which just like almost everything here has a special flair – it was once a strong
room for jewels.
Refurbished: 2006
Acquired: May 2007
Tenant: Rocco Forte
More information:
Scan in the QR
code and experience Hotel de
Rome at first hand.
32
Blackfriars Road
A foretaste of the hotel of the future
SE1, 44–49 Blackfriars Road
The ambience is modern, the design stylish, and thanks to its technical fit-out this real
estate on Blackfriars Road in London is probably one of the most modern hotel properties
in the English capital. The sole tenant of the property, which was completed as recently
as 2012, is the Accor Group, which shows in London’s keenly-fought hotel market how
the companies intend to present their Novotel and Ibis brands in the coming years.
Above all the four-star Novotel convinces with its state-of-the-art communications and
entertainment electronics. Be it a virtual porter system, tablet computers in the restaurant or a life-sized wall projection of deep-sea underwater worlds by the pool – there is
no excuse for boredom here. Yet the Ibis Hotel, which is geared to more price-conscious
customers, sets new standards with its contemporary, fresh design.
Constructed: 2012
Acquired: December 2010
Tenant: Accor
Market value: £ 74.8 million
The two hotels share the property in London’s trendy Southwark district yet work independently of one another. Synergies can nevertheless be used in daily operations – for
example in the areas of technology, operation and personnel.
33
Office
Retail
Hotel & Logistics
Green property under a blue wing
Hermes Nord-Hub
Internet buyers frequently only have to wait one day for their orders to arrive. The
success of e-commerce is clear for all to see, and specialist service providers such as
Hermes are the pioneers here. They organise the dispatch from the manufacturer’s warehouse to the customer’s door. Important features in the transport network are the hubs,
such as the Hermes Nord-Hub in Langenhagen, near Hanover. The main feature here
is the extremely favourable location from a traffic stance – the trucks reach the A 352 –
and from here are able to reach all destinations – without passing through any towns or
villages and with just one set of traffic lights.
Hanover/Langenhagen,
Germany
Münchnerstrasse 39
But the construction of Nord-Hub was not just a question of location for Hermes, but also
one of ecology. “Green logistics” is an important trend within the industry in the meantime and ultimately also an image factor. In this respect Hermes deploys a modern vehicle fleet and optimised route planning, as well as ensuring it has green buildings when
constructing new logistics real estate such as Nord-Hub, which has been certified to
the silver standard of the German Sustainable Building Council (Deutsche Gesellschaft
für Nachhaltiges Bauen – DGNB). In addition, a photovoltaic plant on the roof produces
355,000 kilowatt hours of electricity per annum and the heating system is a climate-neutral woodchip burner.
Constructed: 2010
Tenant: Hermes Logistik
34
At a glance
Fund name: hausInvest
Fund type: Open-ended real estate fund
Management company: Commerz Real Investmentgesellschaft mbH
Custodian bank: BNP PARIBAS Securities Services S. C. A .
Frankfurt branch, Frankfurt am Main 1
WKN / ISIN: 980 701 / DE 000 980 701 6
Fund issued: April 7, 1972
Up-front fee: max. 5.0 %
Management fee: max. 1.0 % p. a.
Custodian bank fee: max. 0.025 % p. a.
TER 2: 0,98 %
Long-term ROI: 4–6 % p. a.3
Tax-exempt share of the return on investment (target): 50–70 % p. a.3
As of 1 November 2014.
1
Total expense ratio: Includes all costs (without transaction costs) which are charged to the fund assets in the
2013/2014 financial year as of 31. 3. 2014.
2
Target returns calculated using the BVI Method (without up-front fee; distributions reinvested immediately). The
actual value development and the actual tax-exempt share can deviate from the target. The fiscal treatment is
dependent on the personal situation of the respective investor and may be subject to change in the future.
3
Investment strategy
Real estate diversification by countries
Real estate diversification by sectors
Germany
10–30 %
Office
50–70 %
France
10–30 %
Retail
30–50 %
Great Britain
10–30 %
Hotel/Logistics/Other
Other EU/EEA countries
20–40 %
Asia/Pacific & North America
0–10 %
0–15 %
The focus of hausInvest is on attaining stable investment successes with high-yield
commercial real estate, primarily in economically robust locations within the European
Union. In order to optimise yields, a maximum of 15 per cent of the real estate assets
may be located outside Europe under the current investment strategy. In this respect
great significance is attached to broad diversification in terms of locations and types of
real estate, as well as to a healthy tenant mix.
The fund management invests in high-quality commercial real estate with excellent
value appreciation potential and with a focus on 1a locations. An active investment
strategy is pursued so as to take into account in full the differing market cycles on the international real estate markets. Real estate at established and thus “mature” locations is
sold in due course if beneficial to do so. The proceeds benefit attractive properties in new
or rejuvenated locations. The investment strategy takes into account the current market
situation and at the same time incorporates future developments. This strategy contributes to harmonising contrary market trends and permanently stabilising and optimising
the earnings power of hausInvest. The young real estate portfolio also guarantees the
marketability of the real estate.
35
The fund management pursues the principle of risk diversification. This forms the basis
for stable returns. The wide geographical distribution as well as the excellent structure
of the portfolio real estate by size categories and main types of usage minimise possible
market risks. Furthermore, an excellent tenant industry mix increases the independence
on economic fluctuations in individual business sectors.
So as to take full account of the conservative orientation of hausInvest, foreign currency
items are hedged virtually in full. In addition, the raising of borrowed capital to fund real
estate investments is limited to a maximum of 30 per cent of the real estate assets. Liquid
funds are held to serve share redemptions; these liquid funds bear interest on the money
market for conservative liquidity investments.
36
Stockholm
Malmö
Greater
Amsterdam/
Rotterdam
Belfast
Liverpool
Hamburg
Düsseldorf
Greater London
Berlin
Hanover
The Hague
Brussels
Rhine-Main
Greater Paris
Luxembourg
Stuttgart
Milan/
Bergamo
Miami
Prague
Regensburg
Vienna
Munich
Venice
Orange
Toulouse
Aix-en-Provence
Girona
Lisbon
Faro
hausInvest – real estate in 18 countries on three continents
Europe
Asia
Austria
Belgium
Czech Republic
Finland
France
Germany
Great Britain
Italy
Luxembourg
Netherlands
Poland
Portugal
Spain
Sweden
Turkey
Japan
Singapore
North America
USA
Share of real estate assets
Share of real estate assets
at least
maximum 85 %
15 %
37
Helsinki
Warsaw
Schweinfurt
Fukuoka
Izmir
Singapore
As of 31. 10. 2014
Are you already familiar with the new hausInvest app? This allows you to carry the
more than 100 hausInvest properties with you at all times, enabling you to know
precisely how and where your money is invested. To be found in the Apple Store and
in the Google Play Store. Simply scan in the QR code and download the hausInvest app.
Or utilise our real estate database under http://hausinvest.de/immobilien/immobiliengesamtuebersicht to discover the hausInvest real estate portfolio.
38
Opportunities and Threats
The opportunities for hausInvest
Invest conveniently and simply in solid real estate assets
Stable earnings with low value fluctuation (past value developments offer no
guarantee for the future)
Wide risk spread of the real estate across countries, locations, types of usage and
tenants
High occupancy rate
In principle sale and purchase of the shares possible on all stock exchange trading
days 1
Tax benefits through the tax-free portion of the return on investment (dependent on
the personal situation of the respective investor; may be subject to change in the
future)
The threats for hausInvest
The value of real estate and liquid investments may fluctuate
Inherent risks of real estate assets, such as occupancy rate, location, tenant credit
ratings, project developments
Despite advanced currency hedging, a residual currency risk remains
When redeeming shares there is a 24-month minimum lock-up period and a 12-month
period of notice 1
There is a fundamental risk with real-estate funds in that the redemption of shares
may be suspended temporarily due to a lack of liquidity to the point of dissolving the
fund in an orderly manner
Shares purchased through to 22 July 2013 may possibly be liquidated more quickly,
to the disadvantage of shares purchased since 22 July 2013
The minimum lock-up period of 24 months for all shares purchased through to 31. 12. 2012 has now expired. For the
shares purchased between 1. 1. 2013 and 21. 7. 2013 there is a minimum lock-up period of 24 months; investors may
redeem return hausInvest shares up to a value of € 30,000 in a calendar semester. Shares purchased from 22. 7. 2013
onwards are subject to a 24-month minimum lock-up period and a 12-month notice period regardless of the sum
invested. Redemption is not possible if the fund company has suspended the return of shares due to statutory provisions.
1
Detailed information is to be found in the current Annual Report and Semi-Annual Report, in the Essential Information
for Investors, as well as in the Sales Prospectus which may be obtained free of charge in a written form or as a data
file from your consultant or directly from us. In addition, you can download the documents in the internet under
www.hausinvest.de. This brochure exclusively serves information purposes and does not represent either an
individual investment recommendation or an offer to buy or sell securities or other financial instruments. This
brochure does not replace individual investor and investment consulting.
Galaxy 21, Vienna, Austria
Commerz Real
Investmentgesellschaft mbH
Friedrichstrasse 25
D-65185 Wiesbaden
Telephone + 49 611 7105-0
Telefax +49 611 7105-5410
As of 31 August 2014;
unless stated otherwise.
Market values as of 31 March 2014 (end of financial year)
10/2014 · Subject to error and change.
hausinvest@commerzreal.com
www.hausinvest.de

CR Immobiliengalerie_2014_engl_RZ5.indd

Transcription

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