HanseMerkur Grundvermögen acquires residential project development in Düsseldorf

• New building with around 130 apartments on around 8,150 sqm
• Central residential area with very good local amenities
• KfW Efficiency House 55 energy standard

Hamburg, December 20, 2022. HanseMerkur Grundvermögen AG (HMG) has purchased a residential project development in Düsseldorf for one of its open special funds. The seller is Himmels Immobilienentwicklung GmbH. It was agreed not to disclose the purchase price.

The new building is being built in the lively district of Unterbilk, which borders the Media Harbor to the west. The good, central residential area offers a wide range of local amenities: shops, restaurants, cafés, medical practices, day care centers and schools are in the immediate vicinity and can be reached on foot. The S-Bahn station “Völklinger Straße” is 200 m away, from where the main train station and the city can be reached in about six minutes.

Henning Schneider, Investment Manager at HMG: “The popular Loretto district in Unterbilk is characterized by owner-managed shops, a variety of restaurants and its creative scene. It is just a few minutes walk from our property.”

The new building on Martinstraße includes around 130 apartments, 24 of which are subsidized apartments, as well as 73 underground parking spaces and 209 bicycle parking spaces. The apartments open up through loggias, balconies or terraces to the green inner courtyards, mainly facing south. They offer superior equipment with underfloor heating, windows with triple thermal insulation glazing, increased sound insulation and are barrier-free.

The property is part of a quarter developed by the Himmels Real Estate Group and consists of a five-storey and a four-storey structure. One to five room apartments are being built here, with the focus on two to three rooms. Completion is scheduled for 2024.

The energy-saving building will be constructed in accordance with the KfW Efficiency House 55 energy standard. A KfW 55 efficiency house is significantly more efficient than a comparable new building according to the statutory standard. It consumes only 55% of the primary energy of a reference building, and the heat loss through the building shell is no more than 70% of the limit value for new buildings.

Malte Andes, Deputy CEO of HMG: “There is a persistently high demand for living space in Düsseldorf. The energy-efficient new building with its high construction and equipment quality in a central and well-connected location has fully convinced us”.

Mara Himmels, Managing Director of Himmels Immobilienentwicklung: “The project is something very special due to its urban location and the quiet, green, car-free inner courtyard. Not only a home is created, but a place of relaxation.”

The project development in Düsseldorf is the eighth acquisition for the HMG GrundWerte Wohnen PLUS III special fund, along with other residential properties in Hamburg-Stellingen, Hamburg-Wandsbek, Stuttgart, Böblingen, Korntal (near Stuttgart), Rottenburg am Neckar and Bad Vilbel. In addition to the HanseMerkur Group, 26 investors are involved in the real estate fund. The fund has almost been placed.

Legal Notice:
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 the HMG GrundWerte Wohnen PLUS III (hereinafter “Fund”) before making a final investment decision . These are only available in German. A summary of investor rights is available in German in electronic format at https://www.intreal.com/wp-content/uploads/2021/07/summary-of-investor-rights.pdf. On request, we will send you the aforementioned documents in paper form free of charge. You can request this 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. In addition to classic rental housing, HMG Grundwerten Wohnen PLUS III can also invest in forms of housing appropriate to the target group, such as micro-apartments, student housing and senior citizens’ housing (a small commercial component is possible).
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 (status: 15.12.22), 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.