In October 2010, BEOS AG made the corporate real estate asset class available to institutional investors for the first time by launching the “BEOS Corporate Real Estate Fund Germany I”. The initial volume of the first BEOS special fund comprised twelve properties with a purchase volume of EUR 220 million. After just two and a half years, the vehicle was already fully invested.
As part of the “Optimus Prime” portfolio deal, the fund was recapitalised in 2018, which generated an average annual return of 13 percent amongst initial investors with a sales volume of more than EUR 500 million for 21 properties. To date, BEOS has been responsible for the asset management of the properties. The fund was again awarded a Green Star in the 2023 GRESB rating.
| 2023 | 2022 | 2021 | |
|---|---|---|---|
| million EUR gross fund assets | 682.7 | 664.1 | 626.6 |
| Properties under management | 21 | 21 | 21 |
| Tenants | 225 | n/a | n/a |
| sqm total area | 580,500 | 598,500 | 596,900 |
| million EUR annual net cold rent | 37.6 | 34.3 | 30.2 |
| sqm rented area | 522,400 | 526,200 | 534,200 |
| EUR/sqm average rent | 5.81 | 5.37 | 4.95 |
| years WALT | 4.9 | 4.6 | 4.4 |
| % BVI return since issue | 10.8 | 11.12 | 11.2 |
| Market value (EUR m) | 625.9 | n/a | n/a |
| % change in market value | 2.6 | n/a | n/a |
| % occupancy rate | 90 | n/a | n/a |
