“BEOS Corporate Real Estate Fund Germany III” was launched in 2015 due to the marked increase in investor interest. The target volume of EUR 1.1 billion initially planned was raised to almost EUR 1.5 billion following a capital increase in 2018. The third BEOS special fund has been fully invested since the acquisition of the “Alte Hauptgüterbahnhof Hannover” at the end of 2019. In 2022, the sale of the “Europort” business and logistics park in Frankfurt to an international data centre developer resulted in significant capital appreciation and a record distribution in 2023. As was the case in 2020 for “BEOS Corporate Real Estate Fund Germany II”, an agreement was reached with the fund investors in 2023 to continue the term strategy and portfolio optimisation strategy for the “BEOS Corporate Real Estate Fund Germany III”.
| 2023 | 2022 | 2021 | |
|---|---|---|---|
| billion EUR gross fund assets | 1.51 | 1.60 | 1.52 |
| Properties under management | 33 | 33 | 34 |
| Tenants | 468 | n/a | n/a |
| sqm total area | 963,000 | 953,100 | 1,014,000 |
| million EUR annual net cold rent | 81.3 | 78 | 76.9 |
| sqm rented area | 903,400 | 904,900 | 957,900 |
| EUR/sqm average rent | 7.57 | 6.83 | 6.73 |
| years WALT | 5.2 | 5.5 | 5.2 |
| % BVI return since issue | 8.8 | 9.82 | 9.5 |
| Market value (EUR bn) | 1.31 | n/a | n/a |
| % change in market value | −0,6 | n/a | n/a |
| % occupancy rate | 93.8 | n/a | n/a |
