Vienna/Regensburg, 19 November 2014.
FLE GmbH, a subsidiary of the LFPI Group that specialises in commercial real estate and hotels – an independent and international multi-asset manager with assets of more than 3 billion euros under management – has continued its investment activities in the German makret by acquiring an office property in Regensburg. The parties have a confidentiality agreement regarding the purchase price and further details of the transaction, in which Colliers International Munich played an advisory and intermediary role.
After acquiring an office complex in Heidelberg in September along with a property in Hamburg in mid-October, this current transaction is already the third purchase within three months and the ninth investment in Germany this year. This increases the existing portfolio of the LFPI Group in the real estate area to a total of 52 assets in Germany and Austria.
The four-story office building in Regensburg is located between Albertstrasse 2 and Bahnhofstrasse 1 and has 3,776 square metres of rentable space. The tenants include such companies as the insurance agency HUK-COBURG Versicherungsgruppe as the primary tenant, in-Trust AG and the law firm Milek & Kollegen. Built in 1992, the property has excellent transport connections and is also easily accessible via regional and long-distance transport due to the nearby central railway station.
Dr Alexander Klafsky, CEO of FLE, states: “The property we just purchased fulfils all of the criteria of our investment strategy, which focuses on the acquisition of centrally located, relatively small objects with a proven multi-tenant structure in B-level cities. In this area we have been able to gain extensive experience regarding acquisitions and asset management and to generate attractive yields for our investors. As before, the market offers attractive opportunities that suit our investment strategy and we are confident that we will continue the dynamic expansion of our portfolio.”
About FLE GmbH
Founded in 2007, the Vienna-based company FLE GmbH belongs to the LFPI Group, a leading independent multi-asset manager in Europe with more than 3 billion euros in assets under management. The LFPI Group offers its clients investment opportunities in the asset classes of private equity, real estate, debt and asset management. The geographic focus is on the regions of Europe, North America and Africa. As an investment adviser of the LFPI Group, FLE GmbH handles the Group’s real estate investments in the DACH region. The investments focus on office andcommercial properties as well as low-budget hotels. The investments are generally made 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 metropolitan area of Vienna and large Austrian provincial capitals. The growing interest of institutional investors in Germany along with the attractive investment objectives in this country have led to the intensification of FLE’s investment activities. http://www.fle.co.at/
About the LFPI Group
With more than 3 billion euros of assets under management, the independent partner-owned LFPI Group is one of the leading multi-asset managers in the world. The LFPI Group offers its clients investment opportunities in the asset classes of private equity (direct investments, investments in the secondary market, co-investments and fund investments), private debt (unitranche, mezzanine and senior), real estate (from core properties to opportunistic transactions, equity as well as debt financing) and asset management (pension and equity funds). The geographic focus is on the regions of Europe, North America and Africa. The LFPI Group comprises a team of 70 professionals in seven offices, which pursues a long-term and conservative investment strategy. www.lfpi.fr
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