German real estate funds are liquidating

Today the focus of the Group's real estate activities is the management of long-term property investments in Germany and the Netherlands.Including the funds initiated by third parties, 17 properties in Düsseldorf, Frankfurt, Hamburg, Meersburg, Munich and Nuremberg are currently under management in Germany.The focus is on buyout investments in Europe, USA and Asia.

german real estate funds are liquidating-74

As of 31 December 2016 the total rental space under management comes to some 305,000 m².

An investment volume of €980 million is currently under management.

Private equity, energy and secondaries funds are pooled in the fund-of-funds business.

Now that the investment phase has been completed at all funds, this unit now focuses on the professional monitoring of the fund investments.

The Nordcapital Solarfonds 1 was launched in 2010 with an investment volume of roughly €157 million and operates a solar park with a capacity of some 51 MWp near Straßkirchen, Bavaria.

This means the park is still one of the biggest PV power plants in Germany.

Great expertise has been developed in the country since 2008.

Nordcapital works closely with experienced local partners specialised in forestry management in Romania.

Another solar fund with a volume of €6.7 million has been invested as part of a 24% partnership interest acquired in four PV power plants that have already been completed in south Germany (31 MWp in total).

In addition, Nordcapital manages extensive forestry investments with an investment volume of €101 million.

Many companies have been sold over the past three years thanks to the positive market environment, which has enabled the funds-of-funds to make substantial distributions to their investors.

Tags: , ,