To complement the successful “BEOS Corporate Real Estate Fund” series with portfolios consisting of stabilised core properties, the “BEOS Value Investment Fund Germany I” was launched in 2016. As a repositioning fund, it enables a select group of investors to enter the corporate real estate value chain earlier. At the end of 2019, the sale of the “Technologiezentrum Karlspark” in Karlsruhe, which was acquired in a sale-and-lease-back transaction, led to the initial conclusion of a comprehensive repositioning following the implementation of a new management concept and several new leases. In 2022, a second equity tranche was collected from existing investors, which almost doubled the fund volume. Such developments, especially in challenging times, testify to the great confidence of our investors and are based on many years of partnership and collaboration.
| 2023 | 2022 | 2021 | |
|---|---|---|---|
| million EUR gross fund assets | 276 | 220 | 215 |
| Properties under management | 7 | 5 | 5 |
| Tenants | 100 | n/a | n/a |
| sqm total area | 203,300 | 167,900 | 249,300 |
| million EUR annual net cold rent | 12.8 | 11 | 9.7 |
| sqm rented area | 126,700 | 117,400 | 112,500 |
| EUR/sqm average rent | 7.95 | 7.97 | 7.61 |
| years WALT | 4.8 | 4.4 | 4.9 |
| % BVI return since issue | 8.5 | 9.9 | n/a |
| Market value (EUR m) | 275.8 | n/a | n/a |
| % change in market value | 14.6 | n/a | n/a |
| % occupancy rate | 62.3 | n/a | n/a |
