Primevest Capital Partners announces successful handover of residential property in Peine, Germany

 
 
Pan-European Investment manager Primevest Capital Partners (Primevest CP) announces its completion of the residential development project in Peine (Germany), which was acquired in 2021 on behalf of a German pension fund for approx. €27 million. The 8,000 m2 project at Gunzelinstraße 12a – 16b, now consists of 97 modern residential units.

The project is located along Gunzelinstraße in Peine and consists of eight buildings with 97 residential units. The apartments are mostly divided into 2 to 3-room apartments, 19 of which are barrier-free, 11 are suitable for wheelchairs, with a total living space measuring approx. 8,000 m². The property includes a total of 128 parking spaces, 68 of which are situated in a basement parking garage. The city centre is 900 metres to the north-east and several supermarkets and schools are located in the vicinity. The building has been constructed to very high sustainability standards in line with the German KfW-55 regulation, a high standard energy building.

Danica Cicmil, Fund & Acquisitions Manager at Primevest Capital Partners said: “This asset was acquired in 2021 and our transaction team and technical asset management team have jointly managed the handover of this asset after its completion on 1 February 2022. The project is currently in the phase of initial letting. This project will offer young families and the elderly alike attractive and affordable accommodations in modern, purpose-built apartments within a 10-minute walking distance from the amenities in Peine’s city-centre.”

The project is located to the north-east of the city centre of Peine and encompasses the former indoor swimming pool area, which was closed in 2015, as well as the adjacent landscape and parking lots. Before construction of the indoor pool, the area had initially been used for agriculture and later as garden land. Peine is a medium-sized town located about 40 kms to the east of Hannover and 25 kms to the west of Braunschweig.

The vendor was Graf Gunzelin UG & Co. KG, a subsidiary of Berlin-based MHMI Immobilien-Verwaltungen GmbH.

About Primevest Capital Partners

Primevest Capital Partners is a pan-European investment boutique that specialises in investments in innovative real assets. At Primevest Capital Partners, our vision is to help our clients to provide for their sustainable financial future by investing in the future of our cities in realising sustainable urban living, improving connectivity, and enabling mobility. Our investment philosophy and vision are energised by the current trend of urbanisation and the ability to fulfil the needs of modern metropolitan communities, while enhancing the quality and sustainability of people’s lives.

From our offices in Utrecht, Eindhoven and Berlin, a team of 70 professionals manage €2.8 billion in assets including sector-focused funds, individual institutional mandates and a number of funds targeting private investors as well as family offices following acquisition of the Holland Immo Group. Primevest Capital Partners is part of Primevest Capital Partners Holding B.V.

For more information, please contact:

Primevest Capital Partners
Lisette van der Ham
Head of Marketing & Corporate Communications
T: +31 6 832 005 61
lisette.vanderham@primevestcp.com
www.primevestcp.com

 

Primevest Capital Partners closes second deal in Spain by acquiring residential property in Valencia for German Pension Fund

 
 
Pan-European investment manager Primevest Capital Partners (Primevest CP) has signed its second acquisition in the Spanish residential market. On behalf of a German pension fund, Primevest has acquired a residential property of 6,500 m² containing 90 units near the marina of Valencia for approx. €18 million. The vendor is Hierros y Corrugados Ribarroja, S.A., a subsidiary of the construction group Grupo Bertolín S.A. The project is set to be delivered in Q4 2024.

The project is located on the corner of Calle Vicente Brull and Calle Museros in Valencia. It will comprise two buildings with 90 residential units and a basement parking garage with 58 parking spaces. Both buildings will have several chill-out areas, a swimming pool and children’s playground on the roof deck, as well as storerooms and a bicycle shelter in the basement. In addition, each building will provide space for a gym and co-working. The property will be built for rent (Build-to-Rent) and will be completed by the end of 2024. Construction is set to start in Q3 2022.

Located to the east of Valencia’s city centre, the project is 300 metres from the marina and 800 metres from the beach in the Poblats Maritims district. Aside from being an attractive tourist location, this district has become a hub of technological innovation due to the presence of many start-ups. Two tram lines and several bus lines provide a direct connection to the city centre. In addition, many facilities for daily needs can be found in the immediate vicinity. These include several supermarkets, schools, various museums and leisure centres.

Valencia is located in the eastern part of Spain and is the third largest city in the country after Madrid and Barcelona. The metropolitan region comprises about 1.5 million people, of whom around 800,000 live in the city of Valencia itself. The city of Valencia is home to the University of Valencia and the Polytechnic University of Valencia, two of Spain’s top 10 Universities with over 76,000 students.

The residential buildings will meet modern energy-efficient standards (an A energy rating and BREEAM Very Good) and it will make use of renewable energy sources, such as a photovoltaic installation (solar panels) to generate electricity and a centralised aerothermal system for domestic hot water, state-of-the-art LED lighting in all communal areas and a waste disposal area as a clean point for recycling waste, plastic, glass and paper.

Olaf Steinbusch, Senior Acquisition Manager at Primevest Capital Partners: “We are very pleased that, in partnership with Colliers, we have been able to acquire a second residential property in Spain. This project in Valencia offers a very stable investment opportunity due to the combination of modern high-quality apartments situated at a fantastic location and a good ESG rating. It mainly comprises 1-bedroom apartments to meet the demand of affordable, sustainable and modern rental homes with all kinds of amenities and communal areas. We look forward to expanding our portfolio further with sustainable and affordable homes in the residential market in Spain.”

Earlier this year, Primevest announced its first residential acquisition of €21 million in Seville and marked its entry into the Spanish residential market. Primevest has identified Spain as a market to expand its residential portfolio and will further build a sustainable residential portfolio across Spain in selected cities, such as Alicante, Palma de Mallorca, Bilbao, Cádiz, A Coruña, Granada, Madrid, Malaga, Murcía, Salamanca, Santander, Valencia, Vigo and Zaragoza.

Primevest started to invest in residential real estate in 2007 and has built up a residential portfolio of approx. €1 billion across Europe, focusing on Austria, Denmark, Germany, Spain and the Netherlands. Primevest seeks investments valued between €15 and €60 million, mainly for segregated residential investment accounts for individual clients, primarily pension funds.

Colliers acted as financial and real estate advisor in the transaction, Drees & Sommer as technical consultants and CMS Albiñana & Suárez de Lezo as legal advisor.

About Primevest Capital Partners

Primevest Capital Partners is a pan-European investment boutique that specialises in investments in innovative real assets. At Primevest Capital Partners, our vision is to help our clients to provide for their sustainable financial future by investing in the future of our cities in realising sustainable urban living, improving connectivity, and enabling mobility. Our investment philosophy and vision are energised by the current trend of urbanisation and the ability to fulfil the needs of modern metropolitan communities, while enhancing the quality and sustainability of people’s lives.

From our offices in Utrecht, Eindhoven and  Berlin, a team of 70 professionals manage €2.8 billion in assets including sector-focused funds, individual institutional mandates and a number of funds targeting private investors as well as family offices following acquisition of the Holland Immo Group. Primevest Capital Partners is part of Primevest Capital Partners Holding B.V.

For more information, please contact:

Primevest Capital Partners
Lisette van der Ham
Head of Marketing & Corporate Communications
T: +31 6 832 005 61
lisette.vanderham@primevestcp.com
www.primevestcp.com

 

 

Primevest Capital Partners seals first residential acquisition in Spain with €21 million deal In Seville for German Pension Fund

 
 
Pan-European investment manager Primevest Capital Partners (Primevest CP) has finalised its first acquisition in the Spanish residential market. The acquisition on behalf of a German pension fund involves a property of 13.000 m² in Seville at a price of slightly above € 21 million. The vendor is Facornata Servicios Y Gestiones S.L, a full subsidiary of Aedas Homes S.A. The project will be delivered in Q1 2023.

The project that Primevest has acquired will comprise 125 residential units with a unit mix of between 2 to 4 bedrooms, and two commercial units spread over 3 buildings. It is located to the south-east of Seville’s city centre and forms part of a new development area in the Palmete neighbourhood. It will also include a garage with 199 parking spaces on two levels and 125 storerooms in the basement. It is part of the largest residential development under construction in Spain: Jardines Hacienda Rosario. The greater development will comprise seven buildings with over 1,000 homes and feature an impressive 37,000 m² of resort-style amenities: two swimming pools, six padel courts, a soccer field, a basketball court, a children’s playground, a running circuit of more than one kilometre, a large social club, and landscaped gardens – all of which to be enjoyed by the future tenants.

Olaf Steinbusch, Senior Acquisition Manager at Primevest Capital Partners: “We have identified Spain as a market to expand our residential assets and will further build on our sustainable portfolio of residential buildings across the country in selected cities for our mandates. Aside from Seville, we also see many attractive investment opportunities for our investors in cities such as Alicante, Palma de Mallorca, Bilbao, Cádiz, A Coruña, Granada, Madrid, Malaga, Murcía, Salamanca, Santander, Valencia, Burgos Vigo and Zaragoza. This project in Seville offers a very stable investment opportunity due to the combination of modern high-quality apartments and a good ESG rating and will be certified by BREEAM. We look forward to expanding our portfolio in the residential market in Spain.”

Peter Renk, Head of Residential at Primevest Capital Partners: “As an investor with a long-term view, we are also interested in ’vivienda protegida’ [sheltered housing] investments and underline our sustainable investment approach by investing exclusively on the basis of equity. Besides acquiring affordable and modern housing, our focus is on ESG-conformity and contemporary floor plans for families.”

Primevest started to invest in residential real estate in 2007 and has built up a residential portfolio of ca. 1 billion euros across Europe, focusing on Austria, Denmark, Germany, Spain and the Netherlands. Primevest seeks investments valued between 15 and 60 million euros, mainly for segregated residential investment accounts for individual clients, primarily pension funds.

Having around 700,000 inhabitants and being the capital of Andalusia, Seville is the fourth largest city in Spain after Madrid, Barcelona and Valencia. Seville’s old town is the largest in Spain and one of the largest historical centres in Europe, visited by approx. 2.5 million tourists every year. The university has over 70,000 students and is one of the largest universities in Spain. Seville forms the economical centre of the region and has a very well developed infrastructure network. Many companies are represented in the city such as Airbus, FASA-Renault, Endesa Generación, the brewery Heineken and pharmaceutical company Bida Farma.

The project site is located in the Palmete neighbourhood of district Cerro-Amate, south-east of Seville’s city centre, which can be reached by public transport in about 30 minutes or by car in just 15 minutes. All basic amenities, such as supermarkets, pharmacies, a hospital, several schools, restaurants and the Sevilla Este shopping centre are located nearby.

The residential buildings will meet modern energy-efficient standards and each block will be equipped with solar panels on the building’s roof for electricity. Heating and cooling takes place via heat pump technology, no fossil fuels are used. The building is connected to a separate water network, so rainwater and waste water are collected separately. All communal areas use state-of-the-art LED lighting. Seville city council collects waste and recyclables separately and all buildings will have areas for sorting waste, plastic, glass and paper.

CMS (LDD), ARCADIS ESPAÑA Design & Consultancy (TDD) and Enrique Molina Campos (Messures) advised Primevest CP on the acquisition. Aedas Homes has been advised by law firm Garruiges.

About Primevest Capital Partners
Primevest Capital Partners is a pan-European investment boutique that specialises in investments in innovative real assets. At Primevest Capital Partners, our vision is to help our clients to provide for their sustainable financial future by investing in the future of our cities in realising sustainable urban living, improving connectivity, and enabling mobility. Our investment philosophy and vision are energised by the current trend of urbanisation and the ability to fulfil the needs of modern metropolitan communities, while enhancing the quality and sustainability of people’s lives.

From our offices in Utrecht, Eindhoven and  Berlin, a team of 70 professionals manage €2.8 billion in assets including sector-focused funds, individual institutional mandates and a number of funds targeting private investors as well as family offices following acquisition of the Holland Immo Group. Primevest Capital Partners is part of Primevest Capital Partners Holding B.V.

For more information, please contact:

Primevest Capital Partners
Lisette van der Ham
Head of Marketing & Corporate Communications
T: +31 6 832 005 61
lisette.vanderham@primevestcp.com
www.primevestcp.com

About AEDAS Homes
Spanish residential developer AEDAS Homes went public in 2017 and celebrated its fifth year in 2021. In that time, the company has put over 10,000 units on the market and has become the benchmark homebuilder in Spain, during a cycle characterised by adherence to rigorous professional standards.

The company has a fully-permitted landbank to build over 17,600 homes in Spain’s major economic centres and key residential markets: Madrid, Catalonia, the East & Balearic Islands, Andalusia, Costa del Sol, and the North.

For more information: https://www.aedashomes.com/en or via e-mail: info@aedashomes.com

AEDAS Homes corporate video: https://www.youtube.com/watch?v=kkyf0TgNmyY

 

Primevest Capital Partners acquires residential development in Germany for €30 million

 
 
Pan-European Investment manager Primevest Capital Partners (Primevest CP) has purchased ‘Elisabethgarten’, a 7,800 m² residential development in Hildesheim, on behalf of a German pension fund for €30 million. The vendor was developer THI Holding GmbH & Co. KG.

The project will consist of 89 residential units spread over nine buildings and is scheduled for completion in Q2 2024. Ranging in size from approx. 48 m² to 142 m², the apartments will have two to four bedrooms each with a terrace, balcony or loggia. A single-storey basement will include an underground garage with 90 parking spaces, storage rooms, bicycle racks and technical equipment. The complex will be constructed around a high-quality communal courtyard.

Victor Ghalayini, Transaction Manager at Primevest CP: “This project is a great fit for our portfolio thanks to its excellent location on the east side of the city, which is characterised by residential properties, the newly designed Steingrube Park and lively neighbourhoods. The property will appeal to a wide range of households, including singles and couples as well as families. Demand is particularly strong from the latter due to a good selection of childcare facilities and schools nearby.”

The Elisabethgarten is being built to the energy-efficient KfW-55 EE standard and forms part of the new Ostend city district, located on the eastern outskirts of Hildesheim between the RB79/RE10 railway line. The new neighbourhood comprising some 650 apartments, is being built on the former site of the Mackensen barracks.

Hildesheim city centre is easily accessible, and the location is well connected to the surrounding area via the B1 and B6 and the nearby A7 autobahn. Ostend will also have a direct connection to the public transport network through a dedicated bus stop. Several day care centres, primary and high schools are situated within approx. 1.5 km of the property and a new square in the immediate vicinity will offer retail and other services along Senator-Braun-Allee.

Hildesheim has a population of over 100,000 and is located approx. 30 km southeast of Hanover, the capital of the German state of Lower Saxony, with more than 500,000 inhabitants. Hildesheim is well connected to the rest of Germany, and its main railway station is one of the ICE stops on the Kassel-Berlin line while the A7 Flensburg-Würzburg motorway runs nearby.

Catella Property Consultants GmbH advised the transaction on behalf of the seller.

Diane Becker, CEO at Catella Property Consultants: “Primevest Capital Partners are the perfect partner for the Elisabethgarten project which will make a significant contribution to the regeneration of the Ostend district.”

CMS Hasche Sigle (LDD) and Drees & Sommer SE (TDD) advised Primevest CP on the acquisition.

About Primevest Capital Partners
Primevest Capital Partners is a pan-European investment boutique that specialises in investments in innovative real assets. At Primevest Capital Partners, our vision is to help our clients to provide for their sustainable financial future by investing in the future of our cities in realising sustainable urban living, improving connectivity, and enabling mobility. Our investment philosophy and vision are energised by the current trend of urbanisation and the ability to fulfil the needs of modern metropolitan communities, while enhancing the quality and sustainability of people’s lives.

From our offices in Utrecht, Eindhoven and  Berlin, a team of 70 professionals manage €2.8 billion in assets including sector-focused funds, individual institutional mandates and a number of funds targeting private investors as well as family offices following acquisition of Holland Immo Group. Primevest Capital Partners is part of the Primevest Capital Partners Holding B.V.

For more information, please contact:

Primevest Capital Partners
Lisette van der Ham
Head of Marketing & Corporate Communications
T: +31 6 832 005 61
lisette.vanderham@primevestcp.com
www.primevestcp.com

 

Primevest Capital Partners acquires residential development project in Dortmund for € 23 million on behalf of German pension fund

 
 
Pan-European Investment manager Primevest Capital Partners (Primevest CP) has acquired a residential development project in Dortmund on behalf of a German pension fund for €23 million. The project is due to be completed in the third quarter of 2024.

The complex of approximately 7,600 m² consists of 48 privately financed and 29 subsidised apartments and will be built within a newly emerging residential area. The modern designed and light apartments range between approximately 45 m² to 112 m², each with its own terrace or balcony, and will have two to five rooms to accommodate up to five people. The buildings will have their own underground car park with a total of 64 parking spaces.

The project is located in a green and quiet residential area of Dortmund. Shops and  numerous medical practices are only 500 meters away, with several kindergartens and school facilities within a kilometre for different age groups. Local public transport connections are very good, with a bus stop nearby and the metro and S-Bahn overground stations also within walking distance. The close proximity to the nearby A 45 motorway also offers a fast connection to the regional and national road network.

Victor Ghalayini, Acquisition Manager at Primevest CP, said: “The demand for subsidised housing in Dortmund is very high, with limited supply available, so we are pleased to be part of the solution to the city’s housing problem. Since 2013, the population of Dortmund has grown by around 3.5%, due largely to the number of young students and professionals who have moved to the city to work or study. It is difficult for this group of 18 to 30-year olds to find modern and affordable housing and therefore our focus in this project is on two to three-room apartments, which are the most sought after.”

The residential buildings will be built to the energy-efficient KfW (BEG) 55 EE standard to attain a class A energy certification. The underfloor heating of the apartments will be partly supplied from renewable energy sources .

The city of Dortmund is located in the centre of the state of North Rhine-Westphalia on the northeastern edge of the Ruhr region. Dortmund has approx. 600,000 inhabitants and is the largest city in the Ruhr and an important economic and commerce centre and transportation hub. The city is a favoured location for mid-sized business in sectors such as logistics, IT, science, healthcare, biomedical, micro and nanotechnology. Dortmund’s Technical University has around 35,000 students.

REIUS Rechtsanwälte (LDD), Management & Advisory GmbH (TDD) and DGI Real Estate were commissioned for the due diligence (DD) on the project.

About Primevest Capital Partners
Primevest Capital Partners is a pan-European investment boutique that specialises in investments in innovative real assets. At Primevest Capital Partners, our vision is to help our clients to provide for their sustainable financial future through investing in the future of our cities by delivering sustainable urban living, improving connectivity, and enabling mobility. Our investment philosophy and vision are energised by the current trend of urbanisation and the ability to fulfil the modern needs of metropolitan communities, while enhancing the quality and sustainability of people’s lives.

From our offices in Utrecht, Eindhoven and Berlin, a team of 70 professionals manage €2.8 billion of assets including six sector-focused funds, three individual institutional mandates and a portfolio of approximately €0.9 billion in investments targeting private and institutional investors as well as family offices following the acquisition of Holland Immo Group. Primevest Capital Partners is part of the Primevest Capital Partners Holding B.V.

For more information, please contact:
Primevest Capital Partners
Lisette van der Ham
Head of Marketing & Corporate Communications
T: +31 6 832 005 61
lisette.vanderham@primevestcp.com
www.primevestcp.com

 

Primevest Capital Partners acquires residential development in Germany on behalf of a German pension fund

 
 
Pan-European investment manager Primevest Capital Partners (Primevest CP) has acquired a residential development in the city of Saarbrücken, Germany for ca. €15 mln on behalf of a German pension fund, from Hauser und Thiery GmbH & Co. KG. The project is scheduled for completion in the second quarter of 2022.

The 4,500 sqm complex, formerly occupied by Sparda-Bank Südwest, is located on the corner of the Beethovenstrasse and Sulzbachstrasse in the heart of the inner-city district of St Johann. It comprises three historic office buildings dating from 1909/1910 which are being converted into a residential complex with commercial units on the ground floor. The first floor totalling ca. 650 sqm is already rented to a physiotherapy practice. The transformation will be carried out in strict accordance with the municipality’s regulations for the preservation of historic monuments.

Danica Cicmil, Fund & Acquisition Manager at Primevest CP, said: “Primevest Capital Partners sees great potential in the city of Saarbrücken due to its geographic location, well-developed education sector and the strength of its economy which make this development a compelling investment proposition. It is also rewarding to be involved in the restoration of these historic buildings and bringing them back to life while providing much needed modern and affordable accommodation for families and young people.”

Upon completion the complex will provide 78 residential units across five floors and up to three commercial units on ground level. The apartments range in size from 22 to 111 sqm, with an average of 47 sqm. In addition, there will be 26 car parking spaces, some with EV charging points, and 167 bicycle parking spaces together with a communal laundry, and storage space totalling 260 sqm in the basement. After the renovation, the residential building will meet the energy requirements of an ‘energy-efficient monumental house’.

Saarbrücken is the capital of the federal state of Saarland and forms its economic, political and cultural centre. It is part of the QuattroPole city network comprising Luxembourg, Metz, and Trier, and has the largest population and biggest economic and cultural centres of the four cities. Saarbrücken itself has 330,000 residents while the surrounding region has a population of more than 1.2 million. The city benefits from very good motorway connections across Europe and the highspeed ICE Frankfurt-Saarbrücken-Paris railway line.

Saarbrücken is also an important science and research location thanks to the presence of a large number of scientific institutes and research facilities. In addition to six universities with over 20,000 students, the city also benefits from cooperation with nearby French universities and around one third of its workforce is employed in the science sector. The city is also home to a number of regional business/research alliances. For example, automotive parts manufacturer ZF Friedrichshafen AG opened the “ZF AI Center” in Saarbrücken university’s Scheer Tower in a strategic partnership with Helmholtz Center for Information Security (CISPA) to conduct research on artificial intelligence and cybersecurity in the automotive industry.

Primevest Capital Partners was advised by brokerage firm Raber Immobilienberatung GmbH. Legal due diligence was carried out by Deloitte Legal Rechtsanwaltgesellschaft GmbH and technical due diligence by DGI Real Estate Management & Advisory GmbH.

About Primevest Capital Partners
Primevest Capital Partners is a pan-European investment boutique that specialises in investments in innovative real assets. At Primevest Capital Partners, our vision is to help our clients to provide for their sustainable financial future through investing in the future of our cities by delivering sustainable urban living, improving connectivity, and enabling mobility. Our investment philosophy and vision are energised by the current trend of urbanisation and the ability to fulfil the modern needs of metropolitan communities, while enhancing the quality and sustainability of people’s lives.

From our offices in Utrecht, Eindhoven and  Berlin, a team of 70 professionals manage €2.8 billion of assets including six sector-focused funds, three individual institutional mandates and a portfolio of approximately €0.9 billion in investments targeting private and institutional investors as well as family offices following the acquisition of Holland Immo Group. Primevest Capital Partners is part of the Primevest Capital Partners Holding B.V.

For more information, please contact:

Primevest Capital Partners
Lisette van der Ham
Head of Marketing & Corporate Communications
T: +31 6 832 005 61
lisette.vanderham@primevestcp.com
www.primevestcp.com

 

Primevest Capital Partners acquires residential project in Denmark on behalf of German pension funds

 
 
Pan-European investment manager Primevest Capital Partners (Primevest CP) has acquired a housing project in Roskilde in Denmark for approximately €17 mln from MT Højgaard Projektudvikling for a group of German pension funds. The project is scheduled for completion in early spring 2023.

Claudia Gerber, Senior Asset Manager at Primevest CP, said: “Primevest Capital Partners is acquiring in Roskilde after an absence of several years. This is a great quality project centrally located in a beautiful and traditional city, which we believe will appeal to different types of tenants, particularly young families. Our goal  is to invest in contemporary affordable housing, better communication infrastructure and modern car parks to enable future-proof urban living, connectivity and mobility.  We have capital to invest in residential properties across Europe, including Denmark, to fulfil our clients’ growth ambitions.”

The development will comprise five townhouses located at Kildegården 1 offering a total of 35 apartments, ranging in size from 84 to 119 sqm, of which five are penthouse apartments, each with their own rooftop terrace and balconies and the remainder apartments with two balconies. The scheme is centrally located in Roskilde within walking distance of the city centre and railway station. It is being developed by MT Højgaard Projektudvikling in cooperation with Danielsen Architecture. Primevest Capital Partners’ Berlin office was responsible for the transaction.

The sustainable building project will be DGNB Silver-certified and has been developed to blend with the local environment. Each apartment will have a dedicated parking area and four bicycle parking spaces will be created for every 100 sqm of living space.

One of the oldest cities in Denmark, Roskilde is located 30 km west of Copenhagen on the Roskilde Fjord. The municipality of Roskilde has around 88,000 inhabitants and, apart from Copenhagen, is one of the most popular places to live on the peninsula. The population has grown by around 8% in the last 10 years. This trend is expected to continue, with the Danish Statistics Office predicting 14% growth between 2018-2045, significantly higher than the national forecast. The city is home to numerous companies active in the food industry as well as several research institutes and university with 9,000 enrolled students. The residential development is located southwest of downtown Roskilde and extends from Kildegården 1 along Møllehusvej to Helligkorsvej.

Lise M. Bækgaard, associate partner at Danielsen Architecture, added: “Our cooperation with Primevest will allow us to realise the architectural vision we had for this area and to create a diverse residential complex that ticks all the boxes in terms of future sustainability requirements. While we aim to meet the needs and desires of a modern family with this development, we also wanted to ensure that the architecture fits in with its surroundings and the historical context.”

MT Højgaard Projektudvikling is already receiving leasing enquiries from Roskilde residents. The firm’s construction arm Enemærke & Petersen  started work this autumn.

About Primevest Capital Partners
Primevest Capital Partners is a pan-European investment boutique that specialises in investments in innovative real assets. At Primevest Capital Partners, our vision is to future-proof our cities by delivering better urban living, connectivity and mobility as we invest across Europe in contemporary, affordable homes, communication infrastructure and car parks. Our investment philosophy and vision are energised by the current trend of urbanisation and the ability to fulfil the modern needs of metropolitan communities, while enhancing the quality and sustainability of people’s lives. From our offices in Utrecht, Eindhoven and  Berlin, a team of 70 professionals manage €2.8 billion of assets including six sector-focused funds, three individual institutional mandates and a portfolio of approximately €0.9 billion in investments targeting private and institutional investors as well as family offices following the acquisition of Holland Immo Group.

For more information, please contact:

Primevest Capital Partners
Lisette van der Ham
Head of Marketing & Corporate Communications
T: +31 6 832 005 61
lisette.vanderham@primevestcp.com
www.primevestcp.com

 

Primevest Capital Partners acquires a new-build residential complex in Aachen, Germany for a south German pension fund

 
 
Dutch-German investment manager Primevest Capital Partners has purchased a newly constructed development of 47 subsidised apartments targeting the rent-controlled social sector in Aachen, Germany for a south German pension fund for €9 million from MERKUR Development Holding GmbH, the project’s developer and contractor.

Danica Cicmil, Fund & Acquisition Manager at Primevest Capital Partners, said: “Aachen is an important regional employment hub on the western border of North Rhine-Westphalia and the city’s current shortfall of modern affordable housing will rise in the future due to its growing population, particularly when rental subsidies for a substantial portion of this segment are withdrawn in 2027. These positive supply / demand market characteristics, combined with the low risk and secure income attributes of the asset make this latest acquisition an attractive proposition for our investors.”

The virtually fully-let residential complex is located on Drosselweg 17-25 to the southeast of Aachen’s city centre, which is a three-kilometre drive (30-minute walk) away, in a traditional residential area with many local amenities including shops, a school, kindergarten and children’s playground. A bus stop is located some 300 metres from the property and the Rothe Erde S-Bahn tram station lies 900 metres away.

Residential Real Estate

Aachen

The complex was completed in December 2020 and comprises five three-storey buildings with a mezzanine floor together with 38 residents’ parking spaces to the rear. The attractive one-to-four-room homes, with either a balcony, roof terrace or garden, range in size from 48 m² to 90 m² with an average size of 72 m². Heating is provided by an air-source heat pump and the apartments have underfloor heating and triple glazing.

The city of Aachen has taken 10-year leases on 10 apartments to accommodate refugees. The remainder are being let on rent-controlled contracts with 28 apartments capped at a maximum of €5.50/ m² per month and nine apartments at a maximum €6.45 / m².

Aachen is located close to the Belgian city of Lieges and the Dutch city of Maastricht to the west and Bonn and Cologne to the east. Its industries include engineering, sciences and IT and the city is home to several universities of applied sciences, of which Germany’s leading university of excellence RWTH (Rheinisch-Westfälische Technische Hochschule) is the best known.

Residential Real Estate

Aachen

Primevest Capital Partners was advised by REIUS Rechtsanwälte Partnerschaft mbB, Hamburg on legal matters and by Drees & Sommer,  Stuttgart on technical matters. The seller was advised by HauckSchuchard, Frankfurt am Main.

About Primevest Capital Partners

Primevest Capital Partners is a pan-European investment boutique that specialises in innovative real estate and property investments. Due to the extensive industry knowledge with a focus on specialised investment sectors such as parking, telecommunications and affordable, contemporary living, Primevest Capital Partners has developed into a leading provider in these areas. Our top priority is to achieve attractive risk-adjusted returns for our customers. In doing so, we pay attention to sustainable income and value creation. Primevest Capital Partners currently manages assets of €1.8 billion, spread across six sector-specific funds and three individual institutional mandates. Primevest Capital Partners currently has 40 employees at its locations in Utrecht and Berlin.

For more information, please contact:

Primevest Capital Partners
Lisette van der Ham
Head of Marketing & Corporate Communications
T: +31 6 832 005 61
lisette.vanderham@primevestcp.com
www.primevestcp.com

About MERKUR Development Holding GmbH
MERKUR Development Holding GmbH, Rüsselsheim, acquires, develops and manages properties across Germany in the areas of commercial, residential, hotel and public real estate. Founded in 1936, the company was initially active as an asset manager and, after 1994, also as a project developer. Since then, it has specialised in land acquisition,  planning and securing building rights, architectural designs, financing and construction project management.

www.merkur-development.de

 

Primevest Capital Partners acquires residential development in Peine, Germany for a south German pension fund

 
 
Dutch-German investment manager Primevest Capital Partners has purchased an eight-building residential development in Peine on behalf of a German pension fund. The development, at Gunzelinstraße 12a – 16b, comprises 97 residential units totalling some 7,730 sqm of lettable space.

The seller is Graf Gunzelin UG & Co. KG, a subsidiary of Berlin-based MHMI Immobilien-Verwaltungen GmbH.

Danica Cicmil, Fund & Acquisition Manager at Primevest Capital Partners said: “This development in the growth region of Lower Saxony will offer young families and older people alike attractive and affordable accommodation in modern, purpose-built apartments within a 10-minute walk of Peine’s city-centre amenities. This fundamentally sound investment for our client is supported by forecasts which show that Peine’s 50,000-strong population is expected to grow significantly while the town is currently experiencing a housing shortage.”

Peine is a mid-sized town located some 40 kms east of Hannover and 25 kms to the west of Braunschweig. The Gunzelinstraße development is being constructed on the site of a former indoor swimming pool. The eight, four-storey buildings will incorporate one- to four-room residential units, ranging in size from 40 to 120 sqm, all with balconies or terraces, and accessible by lift. Residents will have access to shared communal gardens and a children’s playground. The property will also include a total of 128 parking bays, 68 of which will be situated in an underground car park. The city centre is 900 metres to the north-east and several supermarkets and schools are located nearby.

The building has been constructed to very high sustainability standards in line with the German KfW-55 regulation, a high standard energy building.

Primevest Capital Partners was advised by law firm CMS Berlin and by DGI Real Estate Management & Advisory GmbH on technical matters. Neopolis Advisory acted as consultant on the transaction. Hannover-based law firm Bethge Rechtsanwaltgesellschaft GmbH acted on behalf of the vendor.

About Primevest Capital Partners
Primevest Capital Partners is a pan-European investment boutique that specializes in innovative real estate and property investments. Due to the extensive industry knowledge with a focus on specialized investment sectors such as parking, telecommunications and affordable, contemporary living, Primevest Capital Partners has developed into a leading provider in these areas. Our top priority is to achieve attractive risk-adjusted returns for our customers. In doing so, we pay attention to sustainable income and value creation. Primevest Capital Partners currently manages assets of €1.8 billion, spread across six sector-specific funds and three individual institutional mandates. Primevest Capital Partners currently has 40 employees at its locations in Utrecht and Berlin.

For more information, please contact:
Primevest Capital Partners
Lisette van der Ham
Head of Marketing & Corporate Communications
T: +31 6 832 005 61
lisette.vanderham@primevestcp.com
www.primevestcp.com

 

Primevest Capital Partners acquires 86 subsidised apartments in ‘My Smart City Graz’ for € 18.5 mln

 
 
Primevest Capital Partners has purchased a residential development for approximately € 18.5 million in My Smart City Graz, Austria on behalf of a German pension fund.

The project, located on Waagner-Biro-Strasse and the corner of Dreierschützengasse, comprises 86 subsidised apartments and two commercial units, totalling some 5,200 sqm of lettable space.

Patrick Müller, Fund & Acquisition Manager, Primevest Capital Partners, said: “We have been championing the delivery of affordable, modern residential accommodation across Europe for a number of years and this development in My Smart City Graz is a perfect example of the future of housing. It also fully matches our German partner’s long-term vision to provide sustainable low-cost housing in cities that have strong future growth prospects.”

The project is being developed by DI Jörg Jandl GmbH and the Haring Group and will be completed by 2022. The 2,730 sqm site will incorporate 54 underground parking bays, charging stations for electric cars and space for 160 bicycles. The main train station and the city centre will be a few minutes away once the new tram line, currently under construction, comes into operation.

‘My Smart City Graz’ is emerging on the site of a former industrial area north of the main train station. It is a well thought out urban planning concept characterised by a balanced mix of space and good connections to the established surrounding neighbourhood. The scheme includes new residential, office and business accommodation and is being developed under ‘Smart City’ principles that combine sustainable technologies, flexible mobility solutions and renewable energy supply.

Graz, Austria’s second-largest city, has a population of 329,000 and is the economic, scientific and cultural hub of the southeast of the country. The city has eight universities serving around 60,000 students. Known as the capital of the Austrian automotive industry, Graz also has thriving creative and service sectors and is a leading centre for environmental technology and renewable energy.

The advisors to the transaction were COMFORT Austria GmbH and TOP Consulting GmbH, legal firm SCWP Schindhelm, auditors BDO and technical consultants Drees & Sommer.


Copyright © Bildrechte@DI Jörg Jandl GmbH

About Primevest Capital Partners
Primevest Capital Partners is a pan-European investment boutique that specializes in innovative real estate and property investments. Due to the extensive industry knowledge with a focus on specialized investment sectors such as parking, telecommunications and affordable, contemporary living, Primevest Capital Partners has developed into a leading provider in these areas. Our top priority is to achieve attractive risk-adjusted returns for our customers. In doing so, we pay attention to sustainable income and value creation. Primevest Capital Partners currently manages assets of €1.7 billion, spread across eight sector-specific funds and three individual institutional mandates. Primevest Capital Partners currently has 40 employees at its locations in Utrecht and Berlin.

For more information, please contact:
Primevest Capital Partners
Lisette van der Ham
Head of Marketing & Corporate Communications
lisette.vanderham@primevestcp.com
www.primevestcp.com