German manager Montano Real Estate has acquired a university property for a local pension fund.
Montano has invested an unspecified sum to acquire Am Brill 2–4 in Bremen as the first transaction for the individual mandate from the unnamed German pension fund.
The 5,000sqm building is fully and long-term let to Bremen University of Applied Sciences.
Montano said it has been awarded the new individual mandate by the German pension fund to build a diversified social infrastructure portfolio with a long-term investment horizon.
Ramin Rabeian, founder and managing partner of Montano, said: ”The Am Brill property is a prime example of our long-term, operationally focused approach to individual mandates: it’s not about short-term value leverage, but about stable, predictable returns.
“These are based on long-term leases with public users with high credit ratings. Location-committed tenants in strategically important inner-city locations ensure the achievement of sustainable investment objectives.”
Sebastian Schöberl, founder and managing partner of Montano, said: “Separate account mandates require entrepreneurial thinking, excellent market knowledge and close operational proximity to the asset – and this is exactly where our strength lies.
“The acquisition of the Am Brill property marks the starting point for the development of a long-term oriented portfolio that is set to be expanded swiftly. Further acquisitions are already in advanced stages of negotiation, while we continue to actively seek suitable properties.”
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