BPT Hansa

Facts
Fund name	BPT Hansa Lux SICAV-SIF
Status	Open for new investments
Investment profile	Invests in commercial properties in Northern Germany with a focus on Berlin, Hamburg, Hanover, Bremen and Leipzig
Fund type	Closed-ended (minimum 10 years for each investor), unlisted
Legal structure	SICAV-SIF (Luxembourg)
Inception	January 2008
Expected exit	3rd May 2023 with the possibility for restructuring
Fund manager	BPT Asset Management A/S
Fund administrator	Banque Privée Edmond de Rothschild Europe
Minimum investment	EUR 125,000
Investment targets
Equity	EUR 100 million
Leverage	70 %
Total inv. capacity	EUR 300 million
Sector allocation	40 % Berlin, 35 % Hamburg, 25 % Hanover, Leipzig & Bremen
Country/region allocation	60 % office, 20 % retail, 20 % other
RoE	>7 % per annum not including capital gains
Dividend	>5 % per annum
Portfolio
Number of properties	4
Total portfolio size	33.448 sq. m.
Average property size	8.362 sq. m.
Average lease length	The lease length targets depend on the use: Retail 10+ years, office 3-5 years, residential unlimited, other segments 10+ years
Fees
Subscription fee	Max. 1.95 %
Management fee	0.75 % of GAV per annum
Acquisition fee	0.3% of the total acquisition sum
Incentive fee	20 % above a hurdle rate of 7 % RoE

For an update on the current status of the portfolio see the latest fund reports.

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CONTACT IR

For more information on the funds and how to invest, please contact our IR Team.

INVESTMENT AREA

BPT is a member of INREV and SIPA