DEMIRE grows property portfolio with €71m acquisition

German investor DEMIRE Deutsche Mittelstand Real Estate has expanded its portfolio with the acquisition of five department stores for €71m.

The manager said the properties are located in central inner city locations of German potential cities.

The weighted average lease term on the fully leased properties is 14.4 years.

Ingo Hartlief, CEO of DEMIRE, said the second portfolio acquisition in 2019 increases the property portfolio to a total of approximately €1.4bn, corresponding to external growth of around 21% in the current fiscal year.

“This acquisition diversifies our recently expanded portfolio of offices while keeping the ratio of retail properties constant.

“The realisation of growth potentials is a core element of the DEMIRE strategy.”


Related images


Have your say

You must sign in to make a comment


Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2543

    Asset class: Search of an Asset manager / Advisor managing / Advising a risk-based equity derivatives overlay program.
    Asset region: Global Developed Markets Equities, Global Emerging Markets Equities, Swiss Equities.
    Size: CHF 700-2100 million.
    Closing date: 2019-06-17.

  • QN-2544

    Asset class: Transitional Real Estate Debt.
    Asset region: North America (USA/Canada).
    Size: $50-100mn.
    Closing date: 2019-06-17.

  • QN-2546

    Asset class: Real Estate Equity Fund (non listed).
    Asset region: Europe.
    Size: Total CHF 600m, approx. CHF 100-300m per fund investment.
    Closing date: 2019-06-28.

Begin Your Search Now