We adopt a future-oriented approach to finding, developing and managing properties in the interests of our clients

We understand the art of trading

Decades of experience, proximity to the real estate markets and a tight-knit network allow us to identify real estate opportunities and quickly implement them in the right phase of the market.

We facilitate individual investment solutions

Institutional investors have access to the full range of knowledge in relation to structuring, product development, real estate management and market development in order to find suitable investment solutions for them and support these on a long-term basis.

We are dedicated to properties

With our experts from the fields of asset and property management, letting, and project development, we manage properties comprehensively and understand them down to the smallest detail. With ten locations in Europe, we are always close to the properties.
We take on the challenges of the future. Early identification of changes in the market, implementation of regulatory requirements and future-oriented digital management are part of our corporate philosophy.
0
billion EUR in Assets under Management billion EUR in Assets under Management
0
investment funds
0
assets


HIH Invest Acquires Inner-City Office Development in Freiburg from STRABAG Real Estate

HIH Invest Acquires Inner-City Office Development in Freiburg from STRABAG Real Estate

  • Gross lettable area of over 7,700 square metres
  • Office property with multi-tenant occupancy in inner-city location
  • Pre-let ratio of over 90 percent
  • ESG compliant investment due to DGNB Gold certification

Hamburg, 22. November 2022 – HIH Invest Real Estate (“HIH Invest”) just acquired the MILESTONE 5c office development in a central location of Freiburg. It involves a six-storey office building with an additional recessed storey and a single-storey underground car park that will be constructed on Heinrich-von-Stephan-Strasse in direct proximity to the central railway station of Freiburg. The property, under development by STRABAG Real Estate, is scheduled to be completed by the second quarter of 2023. Its gross lettable area will add up to 7,711 square metres. The basement will include 64 car parking spots and plant rooms. A two-storey day nursery will occupy certain sections on the ground floor and the floor above. The property has already achieved a pre-let ratio of over 90 percent, with public-sector tenants accounting for 65 percent thereof – among them the state-owned enterprises Bundesbau Baden-Württemberg and Vermögen und Bau Baden-Württemberg. Other tenants include the German Red Cross. The property already has a DGNB Gold certification.

Daniel Asmus, Team Leader Transaction Management Germany at HIH Invest Real Estate, elaborated: “The development represents an attractive investment for our real estate portfolio. The centrality of the site in the inner city of Freiburg implies very convenient access to the public transportation system and close proximity to the central railway station, making Heinrich-von-Stephan-Strasse an attractive office location. The MILESTONE 5c, as part of the BUSINESSMILE development, implements various office formats, including private offices, combination offices and bull pens along with generously proportioned open-plan units. The fit-out of all units can be customised to meet the specific requirements of any given tenant. Accordingly, the office units provide a maximum in flexibility and alternative use potential, and we expect the units that are still available to be let soon.”

The office building offers staff plenty of amenities and very convenient infrastructure access. It is part of the BUSINESSMILE site where STRABAG Real Estate is developing an office quarter with a total lettable area of about 47,500 square metres. The quarter faces the highly frequented Heinrich-von-Stephan-Strasse, one of the most important office and services localities in the inner city of Freiburg. It is already home to renowned corporates and institutions such as BARMER GEK, Deutsche Rentenversicherung, KPMG GmbH and Commerzbank AG. Due to its location, the quarter has excellent transportation access to the motorway, railway and public transportation networks.

“We are pleased with the amazingly positive response to BUSINESSMILE as a whole, this latest sale to HIH Invest being a good case in point. All of the seven MILESTONE office schemes we developed have now been sold, and the kind of demand we have seen among office occupiers could not be stronger. What attracts companies is specifically the central location and its vibrant mix of uses. With the most recent lease signings in place, only about 500 square metres are still available at the quarter,” said Martin Lauble, Head of Division at STRABAG Real Estate in Freiburg.

“The acquisition of the DGNB Gold certified property MILESTONE 5c helps us implement the ESG strategy of the institutional fund. The modern and energy-efficient property offers tenants high-end customizable accommodation. It also delivers the social component that we integrated into our investment strategy in the form of a two-storey day nursery plus an annexed outdoor playground,” said Oliver Scholtz, Senior Fund Manager at HIH Invest.

The sale was closed as an off-market transaction on behalf of an institutional property fund. The legal and fiscal due diligence (DD) was performed by Ashurst LLP, based in Frankfurt. Drees & Sommer SE, the firm also responsible for the ESG due diligence, handled the technical due diligence (TEDD).

“The development represents an attractive investment for our real estate portfolio. The centrality of the site in the inner city of Freiburg implies very convenient access to the public transportation system and close proximity to the central railway station, making Heinrich-von-Stephan-Strasse an attractive office location. The MILESTONE 5c, as part of the BUSINESSMILE development, implements various office formats, including private offices, combination offices and bull pens along with generously proportioned open-plan units. The fit-out of all units can be customised to meet the specific requirements of any given tenant. Accordingly, the office units provide a maximum in flexibility and alternative use potential, and we expect the units that are still available to be let soon.” Daniel Asmus, Teamleader Transaction Management Office, HIH Invest Real Estate

“We are pleased with the amazingly positive response to BUSINESSMILE as a whole, this latest sale to HIH Invest being a good case in point. All of the seven MILESTONE office schemes we developed have now been sold, and the kind of demand we have seen among office occupiers could not be stronger. What attracts companies is specifically the central location and its vibrant mix of uses. With the most recent lease signings in place, only about 500 square metres are still available at the quarter.” Martin Lauble, Head of Freiburg Division, STRABAG Real Estate

“The acquisition of the DGNB Gold certified property MILESTONE 5c helps us implement the ESG strategy of the institutional fund. The modern and energy-efficient property offers tenants high-end customizable accommodation. It also delivers the social component that we integrated into our investment strategy in the form of a two-storey day nursery plus an annexed outdoor playground.” Oliver Scholtz, Senior Fondsmanager, HIH Invest Real Estate



HIH Invest Acquires First Assets for its New Healthcare Property Fund

HIH Invest Acquires First Assets for its New Healthcare Property Fund

  • Health centre and office building in Michendorf near Potsdam
  • Property sold by GP Günter Papenburg AG
  • Total lettable area of 3,597 square metres
  • First acquisition for the “Vita Invest” open-ended special AIF

Hamburg, 28 September 2022 – HIH Invest Real Estate (“HIH Invest”) just acquired a health centre located in Michendorf near Potsdam from the GP Günter Papenburg AG conglomerate for its open-ended special AIF, “Vita Invest.” It represents a property development that is part of “Neue Ortsmitte”, a new residential block under construction in a central location. The investment consists of two separate four-storey buildings directly next to the entranceway to the new quarter: One will be used as health centre, the other being as office building. Their combined gross lettable area approximates 3,597 square metres. The health centre with its lettable area of about 1,660 square metres is expected to be completed by the end of 2023. The first units in the property have already been let to a local home care service. The other units will be occupied by various doctors’ offices or therapy facilities. The already completed administrative building with its lettable area of 1,937 square metres was rented by EMB Energy Mark Brandenburg GmbH, a local utility company that has been using it as its principal place of business since January 2021.

The property development in Michendorf represents the first asset acquired for the new open-ended institutional fund, “Vita Invest.” The AIF targets new-build developments or high-end standing buildings anywhere in Germany that are let to high-net-worth operators on long-term leases. The focus is on medical facilities, outpatient care formats and senior living. The fund is planned to have a target volume of at least 200 million euros, thereof up to 50 percent debt based on the portfolio total. The minimum stake for investors is five million euros. The objective is a sustainable and stable cash-on-cash yield of at least four percent.

Felix Meyen, Managing Director at HIH Invest, commented: “We are pleased to report the first transaction for our new investment fund. We are interested not just in cities but in the wider metro regions, too. Especially in the greater Berlin area, the gravy belt keeps widening, but the corresponding development of medical amenities lags behind. Brandenburg, which surrounds Berlin on all sides, is the state with the lowest density of physicians in Germany, generating strong demand for outpatient medical services. This makes it plausible to provide medical amenities at health centres where a range of surgeries cover various specialities.”

Carsten Demmler, Managing Director of HIH Invest, elaborated: “Unlike other types of use, the demand for healthcare properties – and thus their relettability – is more or less immune to short-term fluctuations of the market and the economic cycle. This makes them a highly attractive investment for our institutional clients. Structured as an Article 8 fund, the fund meets specific sustainability criteria: It helps to ensure the local provision of medical amenities while the sustainable management by its operator lives up the fund’s social responsibility. In addition, the development in Michendorf emphasises the environmental aspect. Heating and electricity is provided to the properties via the quarter’s own combined heat and power plant and by a roof-mounted photovoltaic system operated by EMB.”

Michendorf is located in the rural district of Potsdam-Mittelmark south-west of Berlin, and is part of the city’s gravy belt. In addition to Michendorf proper, the municipality includes another five localities and is home to around 13,500 residents. The “Neue Ortsmitte” residential block development occupies a building site of about 2.3 hectares in the centre of Michendorf and will combine spaces for living, working and leisure. A railway station is about 400 m away. It provides regional rail service in the direction of Potsdam and Berlin.

The legal and tax due diligences for this transaction were undertaken by the law firm of Taylor Wessing in Düsseldorf. Responsible for the technical and ESG due diligence was Consulting Partners Hamburg. The investment was brokered by the estate agency and consultancy, COMFORT Berlin.

“We are pleased to report the first transaction for our new investment fund. We are interested not just in cities but in the wider metro regions, too. Berlin’s gravy belt keeps widening, but the corresponding development of medical amenities in the metro region lags behind. Brandenburg, which surrounds Berlin on all sides, is the state with the lowest density of physicians in Germany, generating strong demand for outpatient medical services. This makes it plausible to provide medical amenities at health centres where a range of surgeries cover various specialities.” Felix Meyen, Managing Director HIH Invest Real Estate

“Unlike other types of use, the demand for healthcare properties—and thus their relettability—is more or less immune to short-term fluctuations of the market and the economic cycle. This makes them a highly attractive investment for our institutional clients. Structured as an Article 8 fund, the fund meets specific sustainability criteria: It helps to ensure the local provision of medical amenities while the sustainable management by its operator lives up its social responsibility. In addition, the development in Michendorf emphasises the environmental aspect. Heating and electricity is provided to the properties via the quarter’s own combined heat and power plant and by a roof-mounted photovoltaic system operated by EMB, a regional utility company.” Carsten Demmler, Managing Director HIH Invest Real Estate



HIH Invest Acquires Day Nursery in Duisburg for its “Zukunft Invest” Fund

HIH Invest Acquires Day Nursery in Duisburg for its “Zukunft Invest” Fund

  • The property was sold by TERRA Projektentwicklung based in Frechen
  • Total lettable area of 1,066 square metres
  • 30-year lease signed with day nursery operator Step Kids Education GmbH

Hamburg, 29 July 2022 – HIH Invest Real Estate (“HIH Invest”) just acquired another day nursery (crèche) for its “Zukunft Invest” open-ended special AIF. The asset represents a new building in Duisburg that was constructed by TERRA, a property developer specialising in day nurseries. The nursery has a total lettable area of 1,066 square metres, and accommodates 95 children in six groups. A lease agreement was signed with the experienced sponsor Step Kids Education GmbH for a 30-year term.

Jens Nagelsmeier, Head of Transaction Management Retail & Healthcare at HIH Invest, commented: “Daycare properties have become an established asset class in their own right on the market, and are subject to strong demand because of their long-term security of income. However, their ownership structure is very heterogeneous: Day nurseries are often held by private owners whose portfolios include only one or two assets. There are no brokers or estate agents yet who specialise in these. Accordingly, our acquisition efforts concentrate on suitable new-build and conversion projects. In TERRA Projektentwicklung, we found an experienced partner, with whom we would like to deepen our collaboration in order to ensure a dynamic further development of our investment fund.

With its roughly 490,000 residents, Duisburg is the fifth-largest city in North Rhine-Westphalia. The day nursery is located in Duisburg-Hochheide, a densely populated residential area, on a plot of 2,113 square metres with open areas designed specifically for children. Numerous shopping venues lie within easy walking distance, and the bank of the Rhine River is also just a short walk away. Driving time to the inner city is about 15 minutes.

Compared to the other German states, North Rhine-Westphalia has the greatest care gap in regard to day nursery spots. The care gap describes the difference between the number of spots actually needed and the number of children actually cared for. The gap amounts to 19 percent in NRW, and is topped only by the city state of Bremen with 20.2 percent.

The legal and tax due diligences for this transaction were conducted by the law firm of Heuking Kühn Luer Wojtek in Hamburg. The technical due diligence was performed by ES Enviro Sustain GMBH from Berlin.

“Daycare properties have become an established asset class in their own right on the market, and are subject to strong demand because of their long-term security of income. However, their ownership structure is very heterogeneous: Day nurseries are often held by private owners whose portfolios include only one or two assets. There are no brokers or estate agents yet who specialise in these. Accordingly, our acquisition efforts concentrate on suitable new-build and conversion projects. In TERRA Projektentwicklung, we found an experienced partner, with whom we would like to deepen our collaboration in order to ensure a dynamic further development of our investment fund.” Jens Nagelsmeier, Head of Transaction Management Retail & Healthcare HIH Invest