HanseMerkur Grundvermögen AG completes investment year 2018 with record results

Hamburg, March 6, 2019. HanseMerkur Grundvermögen AG has purchased real estate for around EUR 620 million in its fourth full financial year. This increases the investment volume since the company was founded to 2 billion euros.

Behind the 620 million euros, there are a total of sixteen sales contracts, which continue to be concentrated in the office segment (eg at the Frankfurt, Wiesbaden, Bremen) and residential (inter alia Berlin, Freiburg, Leipzig). HanseMerkur is also breaking new ground in the acquisition of suitable real estate. For example, the parent company of Sal. Oppenheim in the city center of Cologne was acquired in a joint venture with the Momeni Group. Similar partnerships with well-known project developers are currently being examined. An important step in the development of HanseMerkur Grundvermögen AG in 2018 was also the launch of the first financing fund for institutional investors.

Lutz Wiemer, Deputy Chairman of the Executive Board of HanseMerkur Grundvermögen AG, draws a positive balance: “In spite of the continued competitive markets, we succeeded in 2018 in acquiring properties that are particularly relevant to our strategy at the locations relevant to us. In 2019, we will continue our expansionary course, focusing in particular on high-quality real estate in promising locations. The decisive factor is a balanced return / risk profile for each investment. ”

HanseMerkur Grundvermögen AG, which is responsible for all real estate activities for the insurance group, also expanded the number of institutional co-investors in 2018, which work hand in hand with HanseMerkur in the real estate sector.

About HanseMerkur Grundvermögen AG
HanseMerkur Grundvermögen AG bundles all real estate activities of the HanseMerkur insurance group under one roof. It is responsible for the management of a significant, steadily growing real estate asset and is establishing special real estate funds and other investment vehicles in which other institutional investors can participate in addition to the insurance companies of HanseMerkur. Further information at www.hmg.ag.

For further information please contact:

Heinz-Gerhard Wilkens
Head of Corporate Communications
HanseMerkur insurance group
Siegfried-Wedells-Platz 1
20354 Hamburg
Tel .: + 49-40-4119 1691
E-Mail: heinz-gerhard.wilkens@hansemerkur.de