Aurelius Real Estate Opportunities (AREO), the Luxembourg-based real estate arm of the Aurelius Group, has unveiled plans to invest €400 mln in European value-added real estate opportunities over the next three years.
The capital will be spent on behalf of European family office investors which have recently committed equity to the investment strategy. Aurelius said that it will be advised by Aurepa Advisors on its property acquisitions and management in Germany and by Aurelius Advisors for investments outside of Germany.
AREO will be focusing on both residential and commercial real estate on primary and secondary locations in major metropolises and in growing B- and C-class cities. Commercial real estate investments will focus on light industrial, office, and medical centres, as well as multi-use, multi-tenant properties and senior-living real estate.
The company has secured the first acquisitions in the mid-double-digit amount and said that it has many further assets in the acquisition pipeline.
Hannes Eckstein, founding partner of the Aurelius real estate group, commented: ‘We are aware of excellent investment opportunities in properties with value-added potential in the current market environment. Especially in the office and light industrial segments, many assets—often mispriced—require stronger repositioning now and in future, and this may go as far as the conversion to a different type of use.’
Jan Rehbock, the other founding partner of the Aurelius real estate group, added: ‘Once we repositioned a given asset, we decide on a case-to-case basis whether to retain it in our portfolio or to offer it to interested buyers, especially institutional ones.’
