Press Releases

• HANSA Europe Logistic Fund invests in logistics real estate in central, western and northern Europe
• Target volume of up to EUR 450 million for project developments and portfolio properties
• Dutch seed portfolio already secured

HANSAINVEST Real Assets GmbH is launching HANSA Europe Logistic Fund (HELF), an open-ended special AIF for high-quality project developments and existing properties in the logistics sector. Thus the Hamburg-based investment company is strategically expanding its own logistics portfolio. The investment focus of the fund is on real estate in the core (ca. 70%) and core plus segment (ca. 30%) in established micro locations in Europe – in particular Germany, France and the Benelux countries. Investments in Finland, Spain and Poland, for example, serve as an admixture. The newly-issued fund is aspiring to a target volume of EUR 350-450 million.
 

“With this product we are underlining the significance attached to the logistics segment in our portfolio strategy. Not least of all due to the ongoing strong growth of e-commerce, logistics assets offer a sustainable attractive risk-return profile in Germany and also in the whole of Europe. For this reason we will continue to invest here,” says Nicholas Brinckmann, the speaker of the board of HANSAINVEST Real Assets.
 

As recently as the end of last year the company had secured a portfolio in the Netherlands, which is now part of the seed portfolio of HANSA Europe Logistic Fund. Negotiations for the acquisition of additional properties in Germany, Poland and Spain are already under way.
 

“The strong seed portfolio and the existing pipeline allow us to make quick capital calls,” says Philipp Middendorp, Head of Logistics Acquisitions Real Estate at HANSAINVEST Real Assets. “Furthermore, our investors profit from the balanced investment strategy: core investments supplemented by selected core+ investments and added value creation through project developments,” adds Middendorp. 

HANSAINVEST Real Assets has sold the KONE Building in Keilaniemi, one of the most established office areas in the Helsinki Metropolitan Area. The property was divested in a structured bidding process. The office building was purchased by the Finnish Evli Rental Yield Fund (AIF) managed by Evli Fund Management Ltd. The property comprises a total lettable area of 7,148 sqm. and was built in the early 2000s for the listed KONE Corporation, one of the world’s leading elevator and escalator engineering and service companies. The property is fully let. Nordanö Partners and Dittmar & Indrenius Attorneys advised the seller, while PwC acted as the legal councel for the buyer on the transaction.

The building’s 18 floors and its unusual height of 72 metres make the property one of the tallest office buildings in the country. The tall glass facade together with its waterfront location make the property a landmark building.

The KONE Building is neighbored by various well-known blue chip headquarters like Fortum, Neste Oil, Tieto, Rovio, Valmet and Accountor. The property is located in the crossing of Ring Road I and Western Highway, 8 km from Helsinki’s Central Business District. The closest metro station is 200 m from the property and enables tenants to reach Helsinki city center in 10 minutes. The drivetime to the airport is 25 minutes.

Nicholas Brinckmann, Speaker of the Board, HANSAINVEST Real Assets, comments: “With the successful sale we proceed with the strategic positioning of our Finnish portfolio. As our acquisition of a major office property in Helsinki this past summer demonstrates, we continue to consider Helsinki and its adjacent commercial locations attractive investment destinations.”

In recent months, HANSAINVEST Real Assets has been involved in several major transactions in and around Helsinki. In December 2019, the company announced the sale of a commercial park in Espoo, while the purchase of a large office development at the Helsinki harbor for 135 million euros was announced in June 2019.

• Seven properties with 191,000 m² distributed across five established sub-markets
• Logistics real estate ratio doubled to 13% thanks to successful acquisition strategy

As of the end of 2019 HANSAINVEST Real Assets GmbH acquired a logistics real estate portfolio with an investment volume of 240 million euros. The portfolio encompasses five established sub-markets in the Netherlands (Amsterdam, Nieuwleusen, The Hague, Nootdorp and Ridderkerk) and comprises a total of seven properties – an existing building and six project developments. The projects are being developed by the renowned Dutch provider DHG and will be completed between June and October 2020. The total portfolio has a leasable area of more than 190,000 m² and is leased in the long term to companies with excellent creditworthiness.

HANSAINVEST Real Assets has sold a light industrial and warehouse property located in the Koskelo light industrial area in Espoo outside Helsinki. The sold facility comprises three buildings offering modern warehouse, production and office premises and a total leasable area of 19,461 sq m. The property benefits from a high occupancy rate and is let to well-known investment grade tenants.

Nicholas Brinckmann, Speaker of the Board, HANSAINVEST Real Assets, comments: “We want to thank all involved parties for the effective collaboration. This successful sale is in line with our investment strategy for this property and our Helsinki portfolio overall.  We continue to see attractive opportunities in the greater Helsinki area, as evidenced by our purchase of a port-side office property in June of this year.”

CBRE acted as the Seller’s commercial advisor while Dittmar & Indrenius Attorneys acted as the Seller’s legal advisor. The Buyer was advised by Roschier Attorneys.