Wölbern Invest has announced plans to enter the UK and French markets in 2011 as part of a planned acquisition drive. The Hamburg-based closed-end fund manager, which has focused on Germany and the Netherlands for the past 15 years, said it is targeting green, core real estate properties in metropolitan regions of France and the UK.
Wölbern Invest has announced plans to enter the UK and French markets in 2011 as part of a planned acquisition drive. The Hamburg-based closed-end fund manager, which has focused on Germany and the Netherlands for the past 15 years, said it is targeting green, core real estate properties in metropolitan regions of France and the UK.
'Wölbern is known as a pioneer of Holland funds. While we will focus strongly on the Netherlands again this year, we will also invest in Germany, France and the UK,' said Thomas Kühl, general manager of Wölbern Invest.
The company, which targets long-lease assets in excellent locations, acquired two office development projects in the Netherlands for a total of EUR 45 mln in 2010. The assets, which were developed according to BREAAM sustainability standards, are earmarked for the company's closed-end Holland 70 fund. They are located in Hengelo and Hoofddorp and are leased to Siemens Nederland and Bosch Siemens Huishoudapparaten.
In 2011, Wölbern Invest plans to invest up to EUR 350 mln in green, core real estate assets. 'All the properties acquired in 2010 were certified as green buildings. This year we also plan to retain our sustainability focus,' Kühl added.
