BPT launches EUR 1.1 billion German real estate fund
11 February 2008
Related to
BPT Hansa
BPT Hansa Lux SICAV-SIF - the latest
real estate investment fund from Danish real estate asset manager
Baltic Property Trust (BPT) - was launched at a well-attended
investor event on Friday, February 8, in Copenhagen.
"BPT Hansa is the latest of the BPT
direct real estate investment funds. The fund is focused commercial
real estate in Northern German and is a natural extension of our
geographical focus on the Baltic Sea region" says Managing Director
Stig Mølsted-Møller, responsible for investor relations.
BPT Hansa is registered in Luxembourg
and will in the upcoming months be offered to selected
institutional investors. The Fund has an investment capacity of up
to EUR 1.1 billion. Translated into rentable space this corresponds
to a real estate portfolio of 400-500.000 sq.m. once the fund is
fully invested.
Focus on Northern Germany
"What makes BPT Hansa unique among German real estate
funds is its size and special focus on Northern German, in
particular the cities of Berlin, Hamburg, Hannover, Bremen and
Leipzig. This is where we see the strongest convergence in rent
levels and with our local team we're able to create added value and
manage the potential risks for our investors", explains Managing
Director Stig Mølsted-Møller and
continues:
"Our model in Germany is to target
projects where we believe, we can add value, and which have a clear
niche quality - as illustrated by our campus hotel project in
Berlin-Dahlem."
BPT Hansa already has three properties
in the portfolio; a office building in Hannover, a combined
office/retail/residential property in Berlin and a large campus
hotel project in connection with Freie Universität Berlin. The
latter is still under construction but will be completed in
2009.
"With BPT Hansa, we have made a product which is highly suitable
for professional investors looking for exposure to the German real
estate market but not wanting to invest directly themselves. The
fund has a sharp investment profile which should in time provide
for a better returns than a standard German real estate portfolio",
ends Managing Director Stig Mølsted-Møller.
About Baltic Property Trust
Baltic Property Trust (BPT) is one of the leading real
estate investors in the Baltic Sea region. With an investment
capacity of around EUR 3 billion and more than 400.000 sq.m. of
prime commercial real estate, BPT offers investors and tenants
solid real estate solutions. BPT currently manages 5 real estate
funds focused on the Baltic countries, Poland, Russia, German and
the Nordic countries. BPT is headquartered in Copenhagen with local
offices in Tallinn, Riga, Vilnius, Gdansk, Warsaw, St. Petersburg,
Moscow and Berlin.
For further information on BPT Hansa, please
contact:
Managing Director Stig
Mølsted-Møller
Direct phone: +45 23 38 05 05
Marketing & Communications Manager
Bettina Knudsen
Direct phone: +45 28 14 59 33
Additional material:
Press release in Danish
Press coverage in Berlingske Tidende in
Danish
