HANSAINVEST Real Assets increases assets under management to 7 billion euros
- Assets under management grow by more than 500 million euros in 2021
- Annual transaction volume doubled from 247 million to 448 million euros
- Project volume significantly expanded from 630 million to more than 900 million euros
- Plans for 2022: growth together with third-party investors, new products
In 2021 HANSAINVEST Real Assets GmbH once again consistently continued along its clear growth path of recent years. For the first time ever the assets under management totalled more than seven billion euros thanks to an increase of some 500 million euros. The drivers for this positive development were, on the one hand, the sharp increase of 448 million euros (2020: just 247 million euros) in the transaction volume, and, on the other hand, the significantly greater project volume in the real estate new construction segment (2021: 904 million euros, 2020: 629 million euros). Both the real estate segment (5.77 billion euros) and the renewable energy infrastructure segment (1.23 billion euros) contributed to the overall growth. In 2022 business with institutional third-party investors is to be expanded above all, among other things through the issuance of several new investment fund products.
“We were able to successfully pursue our key objectives for growth in 2021. In the coming year our focus will again be on office, residential and logistics, both with existing properties as well as in the form of project developments. In this respect we attach enormous significance to sustainability. Accordingly we have developed a scoring system together with other industry representatives in the framework of ECORE and already implemented this to a large degree,” comments Nicholas Brinckmann, the chairman of the management of HANSAINVEST Real Assets.
“On our path to even more sustainable business dealings in keeping with our Hanseatic values we intend to mobilise all our stakeholders. Naturally this will begin with our own workforce and will be headed by our ESG officer, but will also take in external partnerships with service providers and our tenants. Here the topic of green leases will play an increasingly important role, for instance,” adds Martina Averbeck, the managing director of HANSAINVEST Real Assets.
Strategic acquisitions: US residential real estate, Polish logistics and high-quality office projects
The real estate transaction volume in 2021 grew from 215 million to about 400 million euros. With just under 390 million euros virtually the entire volume of this sum was accounted for by acquisitions. The flagship signing last year was the purchase of the landmark office tower Generation Park Y in Warsaw. The property with its 47,000 square metres was the year’s largest individual deal in the CEE region. In addition, there were further purchases by HANSA European Logistic Fund (HELF) in Poland and Finland, as well as the expansion of the US residential portfolio by nearly 15,000 square metres in Dallas, Texas.
When it came to the leasing performance the asset management team again posted a strong result in 2021 despite a challenging market environment at times. While the number of leases increased from 3,357 to 3,757, the leasing ratio across the entire portfolio remained a solid 93.53 per cent. In the course of the year 82 lease agreements were successfully concluded, whereby 37 of these were accounted for by new leases.