HanseMerkur Grundvermögen acquires mixed-use property at Frankfurt Airport from project developer GBI
• Office space and 142 serviced apartments in the new “Gateway Gardens” quarter
• One of the first quarters with DGNB platinum certification
• Location with ideal infrastructure and transport connections
Hamburg, 08.12.2022. HanseMerkur Grundvermögen AG (HMG) has purchased a mixed-use property directly at Frankfurt Airport for one of its open special funds.
The seven-storey office building and the eight-storey boarding house cover a total of 11,600 sqm of floor space. They have been under construction since the summer of this year and should be completed by the end of 2024. There are also two basement floors with 116 parking spaces. The seller is the project developer GBI, which started the project in a joint venture with Fraport Casa Commercial GmbH.
A “Global Business Village” with up to 25,000 jobs is being built on the former American airbase. The up-and-coming micro-location “Gateway Gardens” as part of Frankfurt Airport City has excellent transport connections by plane, train and car.
Due to its location directly at the most important German airport, Terminal 2 can be reached on foot in 10 minutes. The new district has its own motorway access and exit in the immediate vicinity of the Frankfurter Kreuz and its own S-Bahn station. Commuters only need a few minutes by public transport from “Gateway Gardens” to both Frankfurt Central Station and the airport. Here tenants will find a perfect combination of national and international transport connections in the economically strong Rhine-Main region.
The fully furnished and equipped 142 serviced apartments of the established brand “SMARTments business” of the GBI group of companies are ideally suited for business travellers, consultants, freelancers and newcomers who like to use these flexible accommodations.
The operator of the new Frankfurt business apartments is the GBI group of companies, which has developed and operates a total of more than 1,000 fully equipped apartments.
“What is interesting for investors is the long-term secured cash flow thanks to the 20-year rental agreement for serviced apartments with a very experienced operator,” explains Malte Andes, Deputy CEO of HanseMerkur Grundvermögen AG.
In the office building next door, modern office space is being built that can be flexibly divided according to tenant needs and offers a view of the countryside, even though it is located directly at the airport.
Sustainability is a top priority in this project development. Due to the strict sustainability concept, this will be one of the first districts with DGNB platinum certification in Germany, an aspect that is also of particular importance for institutional investors.
Simon Behr, authorized signatory of the GBI group of companies and managing director of GBI Capital GmbH explains: “A sustainable combination of different real estate uses is becoming the central design element for more and more project developments. In this way, neighborhoods become livelier, more livable and often more economical.”
A photo is available for download at www.hansemerkur.de/presse.
This is a marketing ad. Please read the investment conditions and other contractual documents, the information document pursuant to Section 307 Paragraphs 1 and 2 KAGB (“Section 307 document and the last annual report of “HanseMerkur Grundwerte Deutschland” (hereinafter “Fund”)) before making a final investment decision. These are only available in German If you wish, we will send you the aforementioned documents in paper form free of charge. You can request them from HanseMerkur Grundvermögen AG, Warburgstrasse 4, 20354 Hamburg or from IntReal International Real Estate Kapitalverwaltungsgesellschaft mbH (“INTREAL”), Ferdinandstrasse 61, 20095 Hamburg.
The fund is an open special AIF with fixed investment conditions pursuant to Section 284 KAGB and may not be sold to private investors within the meaning of Section 1 (19) No. 31 KAGB.
With the acquisition of shares, you acquire shares in the fund and do not acquire the assets held by the fund (e.g. real estate), which are acquired by INTREAL for the account of the fund.
The “HanseMerkur Grundwerte Deutschland” fund acts as a fund of funds vehicle for the HanseMerkur Insurance Group. The fund primarily invests in residential and commercial real estate in metropolitan regions and other high-growth locations in Germany.
The fund invests particularly in real estate and therefore in illiquid assets. Under certain circumstances, it can be difficult to sell these, so that sometimes unit redemptions can only be delayed or the redemption of fund units is suspended. Please refer to the Section 307 Document for a full discussion of the risks associated with investing in the Fund.
Source HanseMerkur Grundvermögen AG (as of December 6, 2022), unless other sources are specified.
About the HanseMerkur Grundvermögen AG
HanseMerkur Grundvermögen AG bundles all of the real estate activities of the HanseMerkur Insurance Group under one roof.
It is responsible for the management of significant, growing real estate assets and establishes special real estate funds, financing funds and other investment vehicles for this purpose, in which other institutional investors can participate in addition to the insurance companies of HanseMerkur.
With more than 100 real estate and fund experts, HanseMerkur Grundvermögen AG is currently responsible for real estate assets (including real estate financing) of around EUR 6 billion.