German retail property group Hahn announced on Tuesday that it has started marketing activities for its new 'Pluswert fund 143'. The fund invests in a portfolio consisting of four hypermarkets and a retail warehouse centre in five German cities. Pluswert fund 143 holds EUR 29 mln in equity, has a total investment volume of EUR 65 mln, and the annual payout is estimated at 6%.
German retail property group Hahn announced on Tuesday that it has started marketing activities for its new 'Pluswert fund 143'. The fund invests in a portfolio consisting of four hypermarkets and a retail warehouse centre in five German cities. Pluswert fund 143 holds EUR 29 mln in equity, has a total investment volume of EUR 65 mln, and the annual payout is estimated at 6%.
Those interested in investing in the fund will need to invest a minimum of EUR 20,000, plus a 5% premium. Hahn claims that the properties are rented out to sound tenants with long-term rental agreements, which run to 2018 on average. The main tenants include a department store subsidiary of the Metro Group, food Group Edeka, Kaufland Group, HIT retail Group and food discounter Aldi. HAHN managing director Thomas Kuhlmann says that the high degree of diversification among tenants and locations means that the return on investment is not dependent on the economic success of one single tenant or the regional development of a specific site.
