Building land and land suitable for development are scarce commodities – especially in large cities. In conurbations, land prices have risen dramatically in recent years. This is good news for landowners, as their building land is in high demand by real estate investors and project developers. In this article, we present 3 investors who are particularly interested in building land and plots of land. They are also part of our list of the 400 largest real estate investors in Germany. In addition, the companies in our list of the 1,000 largest project developers and builders are also focussed on building land.
1. Becken Holding GmbH; Hamburg: Building land for projects from EUR 10 million
Becken is an owner-managed Hamburg real estate company that was founded in 1978 and has operated in its current structure since 2006. Becken is active as a real estate investor, project developer and asset manager. The business focus is on Hamburg, but the company also invests in Berlin, Düsseldorf, Frankfurt/Main and Munich. For project developments in residential commercial areas, Becken is looking for development plots (including demolition sites) in the metropolitan regions of Hamburg, Berlin, Rhine-Ruhr, Rhine-Main and Munich. These should be city and city outskirts with good infrastructure connections. The plots should be suitable for projects from at least EUR 10 million or 3,000 sqm gross floor area. Existing buildings should be vacant or not be rented for more than three years.
2. EMPIRA AG; Zug: Plots of land of 5,000 sqm and more in German A-cities
The EMPIRA Group in Zug, Switzerland, was founded in 2014 and focuses on real estate investments in the DACH region (Germany, Austria, German-speaking Switzerland). For this reason, EMPIA also has offices in Berlin, Frankfurt, Leipzig, Munich and Luxembourg. The investments are financed through real estate funds that are aimed at institutional investors. EMPIRA is active as a project developer, but also invests in its portfolio. Land is often sought for project developments and, for new office and residential construction projects, preference is given to properties in A-cities in Germany. Requirements: at least 5,000 sqm or 10,000 sqm gross floor area (above ground) possible. The building land should have good infrastructure connections and a good location for the respective purpose. In addition, EMPIRA also acquires building land and conversion areas in the DACH region under certain conditions.
3. Hahn Group; Bergisch-Gladbach: Plots for retail real estate
The Hahn Group is an asset and investment manager specialising in retail real estate. It has been in existence since 1982 and is majority-owned by the Michael Hahn family of entrepreneurs. The companies of the Group are bundled under the umbrella of Hahn-Immobilien-Beteiligungs AG. The Hahn Group sets up real estate funds for private and institutional investors and makes real estate investments within this framework. For its projects, the Group also looks for plots of land throughout Germany. The plots should have core area or special area designations in development plans, be located in the city centre or in attractive city district locations with good transport connections and visibility. Plots of land should be large enough to provide sufficient parking spaces.
Picture source: Sergio Souza
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Originally posted on May 5, 2020 @ 12:42 pm