BEOS Corporate Real Estate Fund Germany II

0

million EUR gross fund assets

0

Properties under management

0

% BVI return since issue

Building on the success story of its predecessor, the “BEOS Corporate Real Estate Fund Germany II” was launched in December 2012. Just three years later, the fund was fully invested and able from the outset to distribute to its investors on a continuous basis above the target return of almost seven percent. 2020 marked a milestone in the history of the second BEOS special fund: an extension of the term strategy was agreed together with the fund investors and a portfolio optimisation strategy adopted. In the wake of this decision, two sales resulted in a significant appreciation in value justifying a record distribution in 2020, followed by two further sales in 2021. TDD measures were again implemented in 2022 and 2023 for extending the term strategy and, together with rent increases, led to an increase in market values.

Like its predecessor vehicle, “BEOS Corporate Real Estate Fund Germany II” participated in the GRESB rating and again gained a Green Star in 2023.

Key figures 2023

Prior-year comparison Grid view Prior-year comparison

781

million EUR gross fund assets

17

Properties under management

266

Tenants

451,000

sqm total area

39.6

million EUR annual net cold rent

384,000

sqm rented area

8.6

EUR/sqm average rent

4.3

years WALT

11.1

% BVI return since issue

687.2

Market value (EUR m)

0.4

% change in market value

85.3

% occupancy rate

	2023	2022	2021
million EUR gross fund assets	781	799	770.9
Properties under management	17	17	17
Tenants	266	n/a	n/a
sqm total area	451,000	466,100	457,600
million EUR annual net cold rent	39.6	40.2	39.2
sqm rented area	384,000	408,100	423,300
EUR/sqm average rent	8.6	8.15	7.65
years WALT	4.3	4.1	4
% BVI return since issue	11.1	12.22	13.4
Market value (EUR m)	687.2	n/a	n/a
% change in market value	0.4	n/a	n/a
% occupancy rate	85.3	n/a	n/a

Letting

BEOS offers space for Ukrainian art and culture in the “Elsenstraße” project in Berlin

ELSENSTRASSE
Elsenstrasse 87–96
Heidelberger Strasse 70
Berlin

Tenants: ogalala kreuzberg e.V.
Sector: Culture

BEOS is convinced that urban development is a cultural process, offering inclusion businesses and charitable enterprises space to develop alongside start-ups, medium-sized companies and corporations – at more favourable conditions of course.

An independent theatre collective has operated out of the “Elsenstraße” office building since 2022. With the “HOTEL CONTINENTAL – Art Space in Exile” project, ogalala kreuzberg e. V. has created a temporary cultural centre in which, amongst other things, artists who have fled from Ukraine have found a place to develop their creativity.

ELSENSTRASSE
Elsenstrasse 87–96
Heidelberger Strasse 70
Berlin

Tenants: ogalala kreuzberg e.V.
Sector: Culture

Letting

Lufthansa subsidiary rents more space in Hamburg’s “Merkurpark”

MERKURPARK
Merkurring
Hamburg

Tenants: Lufthansa Technik AG
Sector: Aerospace services

Letting

Lufthansa subsidiary rents more space in Hamburg’s “Merkurpark”

Lufthansa Technik AG is taking on 1,000 square metres more space in the “Merkurpark”, meaning it now occupies approx. 3,500 square metres of rental space.

The company is a leading provider of various aircraft engineering services in the areas of aircraft maintenance, repair, overhaul and modification for civil aircraft, from commercial aircraft to VIP and special purpose aircraft. Lufthansa Technik uses the commercial property for the training and development of its engine mechanics.

MERKURPARK
Merkurring
Hamburg

Tenants: Lufthansa Technik AG
Sector: Aerospace services