BlueRock and NAS Invest launch Germany fund
BlueRock Group and real estate investor NAS Invest are forming a joint venture to invest in German commercial real estate.
The joint venture of the Swiss fund company BlueRock with NAS Invest is called BR-NAS German Mittelstand Properties and is based in Luxembourg. The real estate fund BR-NAS German Mittelstand Properties RAIF-SICAV launched by the company invests in multi-tenant office properties and medical centers in Germany's metropolitan areas.
The fund intends to invest up to 100 million euros in equity in medium-sized office and medical buildings in German metropolitan regions. According to BlueRock and NAS Invest, the fund will buy properties whose tenants are small and medium-sized companies and whose multi-tenant structure ensures a high degree of diversification and thus risk optimization.
Five percent distribution yield
The fund series is aimed at European and international investors, high net worth individuals and family offices. BR-NAS offers the prospect of a distribution yield of five percent per annum after tax. The annual total return is calculated at eight to twelve percent. The fund has a minimum term of seven years.
"In particular, the real estate portfolio of the German Mittelstand is often less professionally managed and thus offers attractive investment opportunities to market participants with appropriate access and real estate expertise," says Nikolai Dëus-von Homeyer, Managing Partner of NAS Invest. The fund properties of the BR-NAS German Mittelstand Properties RAIF-SICAV are therefore to be continuously developed and optimized in terms of their substance and tenant structure.
NAS Invest and the BlueRock Group together currently manage real estate investments of around 850 million euros in Germany, Denmark and Switzerland.
