Sale-and-lease-back is the name of a financing model in which a property owner sells his property and leases it back immediately. A procedure that occurs in practice in various forms and serves to release liquidity without having to give up the use of the property. Sale-an-lease-back is widely used in the commercial sector. This category also includes the sale of a company site in Hockenheim to the investment company Aurelis. This article is based on the unique List of the 400 largest German real estate investors in Germany.
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The seller is also (main) tenant
The site is a plot of land with an area of 45,000 square meters. It is located in the Talhaus industrial estate northwest of the actual Hockenheim housing estate and near the Hockenheim motorway junction. The building complex on the site consists of a production hall with four bays and an office section as the building head. The seller and tenant is Outokumpu Stainless Holding. Outokumpu is a Finnish stainless steel producer and metal processor with worldwide activities. The Hockenheim site also processes and refines stainless steel.
However, Outokumpu only leases back 75 percent of the space. New tenants are to be found for the remainder after modernization and upgraded fire protection. Aurelis Real Estate GmbH in Eschborn near Frankfurt is a nationwide real estate developer that prefers to invest in commercial real estate: Industrial parks, logistics properties, warehouses or real estate that can be used commercially through conversion. We are looking for properties with a minimum area of 5,000 square metres, as well as derelict or under-used areas of 25,000 square metres or more. Aurelis was founded in 2001 by Deutsche Bahn to outsource its unneeded real estate holdings and has since experienced several changes of ownership.
Source: Morgenweb Picture source: Unsplash
