Vienna/Hamburg, 22 nd October 2014.
The LFPI Group, an independent international multi-asset manager with more than 3 billion euros of assets under management, has acquired a property in Hamburg via FLE GmbH, its subsidiary specialized on commercial real estate. With this transaction, LFPI Group increased its existing real estate portfolio to a total of 51 properties in Germany and Austria. The parties agreed not to disclose the purchase price and other details of the transaction.
The building acquired in Hamburg-Volksdorf is a very well preserved office and commercial property at the address Kattjahren 24 built in 1991.The three-storey property with a rentable area of 1,464 square meters has a total of 26 parking spaces, partially in the basement and partially in front of the property. Additionally, there are small storage spaces in the basement of the building. The main tenant of the fully-let property is a day clinic, which has extensively redesigned the interior fittings in 2013. The tenants also include retail stores.
The transaction marks a continuation of the strategy of LFPI’s commercial real specialist FLE and is the company’s eighth investment in Germany this year. Dr. Alexander Klafsky, CEO of FLE, explained: “Hamburg is a highly attractive real estate market and the district Volksdorf a wealthy one. The newly acquired object is not only fully let. With Asklepios Kliniken as long-term main tenant and retail stores that have medium- to long-term lease contracts, the property also has an excellent tenant mix.” Klafsky added: “We continue to see many attractive investment opportunities that are in line with our strategy – small objects in a central location with a proven multi-tenant structure. We are therefore confident to conclude further transactions by year end.”
About FLE GmbH
Founded in 2007 FLE GmbH, based in Vienna belongs to LFPI Group, a leading independent multi- asset managers in Europe with more than 3 billion euros of assets under management. The LFPI Group offers investors investment opportunities in the asset classes of private equity, Real Estate, Debt and Asset Management. The geographical focus is on Europe, North America and Africa. FLE GmbH is an investment advisor to the LFPI Group for its Real Estate Investments operates in the DACH region. The investment focus is on office and retail properties as well as low-budget hotels. The investments are generally carried as equity investments with a volume of up to 40 million euros per single object in medium-sized German cities as well as in the Vienna area and the great Austrian provincial capitals. The growing interest of institutional investors in Germany and the attractive investment destinations in this country have led to the strengthening of investment activity of FLE.
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