German retail property firm Hahn Group has announced that it has placed its new Pluswert fund 145 within seven weeks of starting the marketing campaign. The closed-end fund tailored to wealthy private investors invests in a 16,000 -m[sup]2[/sup] property comprising a hypermarket and DIY store in Landstuhl, Germany. The tenants are hypermarket group Kaufland and the toom Baumarkt, a DIY store subsidiary of Rewe Group.
German retail property firm Hahn Group has announced that it has placed its new Pluswert fund 145 within seven weeks of starting the marketing campaign. The closed-end fund tailored to wealthy private investors invests in a 16,000 -m2 property comprising a hypermarket and DIY store in Landstuhl, Germany. The tenants are hypermarket group Kaufland and the toom Baumarkt, a DIY store subsidiary of Rewe Group.
The Pluswert fund has equity of EUR 9.3 mln and has a total volume of investments of around EUR 24 mln.
'The strong demand shown for our real estate funds in an environment shaped by the crisis on the financial markets demonstrates the high quality of our investment products. The attractive payout yield of 6.25% combined with the conservative character of the product are key investment criteria. The conclusion of long-term rental agreements with credit-worthy tenants promise long-term secured cashflows. Our investors assess this as very positive,' said Thomas Kuhlmann, the managing director of Hahn Fonds Management.
Hahn Group is a leading manager of large-scale retail real estate in Germany. The firm has rental space of around 1.5 million m2 under management at more than 170 locations and assets under management of about EUR 2.4 bn.
