Retail properties are buildings with retail space. These include, for example, specialist shops/markets, shopping centres, arcades, department stores and mail-order properties. Within this category, high street properties are a type of retail property that are particularly frequented and located in a city’s main shopping districts. In this article, we present 3 investors with a special focus on retail and high street properties. They are also part of our overview of the 400 largest real estate investors in Germany.
1. ILG Group (ILG Holding GmbH); Munich; focus on German retail real estate from 2,500 sqm sales area
Founded in 1980 by Dr. Günter Lauerbach and Uwe Hauch, ILG is a well-known manager for retail real estate. Under the umbrella of ILG Holding GmbH, there are several subsidiaries with different focuses. Together they form the ILG Group. ILG launches property funds for private and institutional investors and also acts as a property manager for third party owners. The real estate assets under management amount to over 1.7 billion Euro. ILG acquires a wide range of retail properties with a sales area of 2,500 sqm or more throughout Germany, including high street properties. The properties should belong to the risk classes Core, Core+ or Value add and have a remaining lease term of at least two years.
2. Cromwell Germany GmbH (Cromwell Property Group); Berlin; focus on retail properties from EUR 30 million
The Cromwell Property Group is a globally active real estate investor with Australian roots that focuses on commercial real estate and has also been operating in the German market since 2002. In 2019, Cromwell managed real estate assets worth more than 7.5 billion euros worldwide. The subsidiary Cromwell Germany with offices in Berlin, Düsseldorf, Frankfurt/Main, Hamburg and Munich is responsible for business in Germany. The commercial property investments made throughout Germany also include retail properties. Investments are made in the risk classes Core+, Value add and Opportunistic. We are looking for properties in A, B and C cities with stable population development, specifically: district and speciality shopping centres with a strong anchor tenant as well as high street properties. The investment volume should start at EUR 30 million and increase.
3. ALITUS Capital Partners GmbH; Erlangen; focus on retail properties with value enhancement potential
ALITUS Capital Partners is an owner-managed medium-sized real estate investment company with a focus on commercial and retail real estate. ALITUS invests for family offices, foundations, banks and other institutional investors. In the field of retail real estate, all types of retail properties (retail parks, hypermarkets, shopping centres, supermarkets, etc.) with the potential to increase in value are sought nationwide (risk classes Value add, Opportunistic). The investment amount for individual properties should be in a range of EUR 0.5 million to EUR 15 million, for portfolios between EUR 10 million and EUR 30 million. The location should have a catchment area of at least 10,000 inhabitants and show stable to positive developments in terms of purchasing power, centrality, demographics and turnover.
Picture source: Daryan Shamkhali
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Originally posted on May 6, 2020 @ 1:08 pm