Anton Meyer opens first Frankfurt store in Ma'Ro managed by Luwin - Colliers advises
Frankfurt am Main, September 29th 2023
LUWIN Real Estate acquires a residential ensemble in Frankfurt, Dornbusch. The properties, which are used exclusively for residential purposes, are located at Hügelstraße 147 and Wilhelm-Busch-Straße 64/66. The attractiveness of the district is characterized by its quiet and green residential location with good transport links. The buildings, which were constructed in the 1960s, are fully let, have a total rental area of approx. 2,000 sqm and comprise 24 residential units. The seller of the properties is a German institutional property owner. The parties have agreed not to disclose the purchase price.
Hamburg: LUWIN Real Estate leases 2,150 m² office space in Ottensen
Frankfurt am Main, 30. Juni 2023
LUWIN Real Estate has newly leased space totaling approximately 2,150 m² in the "Westend Ottensen" office ensemble to, among others, the game developer Goodgame Studios, a trademark and competition law firm, a publishing house and two consulting firms. The leases were brokered by Savills, Colliers, Cushman & Wakefield and Büro Hamburg. In addition, three existing leases for a total of around 1,000 m² were extended on a long-term basis. With an occupancy rate of 100%, no office space is currently available.
Naghmeh Baybordi, Director Asset Management LUWIN Real Estate, comments: "Our quarter in Ottensen is unique in the submarket and our tenants appreciate the high quality as well as the urban location. We are pleased with the new tenants in the property as well as the satisfaction and trust of our existing tenants."
The Westend Ottensen Quarter, planned by Milan architect Antonio Citterio together with the office Flumdesign in the Gründerzeit style, was built in 2006/2007 on the site of one of Hamburg's former largest fish smokehouses at Borsel- and Völckersstraße and comprises a total of around 15,500 m² of office space.
Anton Meyer opens first Frankfurt store in Ma'Ro managed by Luwin - Colliers advises
Frankfurt am Main, May 19th 2023
Men's outfitter Anton Meyer is opening its first store in Frankfurt am Main. The fashion house is moving into 260 square meters of retail space at Neue Mainzer Strasse 74.
Within Frankfurt's city center and in a prominent neighborhood, Anton Meyer has leased the space for the new location on a long-term basis in Ma'Ro. The LEED Gold-certified building has office space in addition to high-quality retail and restaurant space. In total, more than 13,000 square feet of leasable space is available at Ma'Ro, which was completed in 2016. Owner's representative for an institutional investor is Luwin Real Estate. Colliers advised both parties in the leasing process.
Sarah Dörr, Associate Director at Luwin Real Estate, comments: "We are delighted with the further leasing success at Frankfurt's Ma'Ro. Alongside tenants such as Friendly Hunting, Burresi and Brioni, the retail label represents an ideal addition to the premium location of Neue Rothofstrasse and Neue Mainzer Strasse opposite Frankfurt's luxury mile Goethestrasse and makes a significant contribution to its development as a target group-oriented retail destination in the middle of the CBD."
Max Meyer-Abich, one of the two founders of Anton Meyer alongside Marc Anthony, says: "As an owner-managed label, we pay very close attention to which locations and which spaces are suitable for our sites. We are therefore delighted to have found a store in Frankfurt that meets our high standards and will provide a stylish shopping experience for our customers from the end of July."
Anna-Claire Griffith, Head of Retail Letting at Colliers in Frankfurt, added: "Anton Meyer offers high-quality menswear and has great customer potential in the business city of Frankfurt. The new store enriches Anton Meyer's portfolio on the one hand and the shopping offer in Frankfurt's city center on the other. We are very pleased that the lease at Ma'Ro has been successful and congratulate both parties on the conclusion of the contract."
In addition to Frankfurt, Anton Meyer also has stores in Hamburg, Munich and Vienna.
LUWIN extends contract for around 2,100 square meters of rental space at K195 in Berlin
Frankfurt am Main, 28th March 2023
Asset Manager LUWIN Real Estate (LUWIN) has extended its lease with D+B Rechtsanwälte for 10 years at K195 on Kurfürstendamm in Berlin.
The law firm, which specializes in healthcare law, will use around 2,100 square meters of office space in the ensemble of buildings on Ku'Damm. D+B Rechtsanwälte has already been a tenant in K195 since 2014 and occupies the 4th and 5th floors with impressive views of the shopping mile.
The "LEED Gold"-certified building complex with the address Kurfürstendamm 196/196, Bleibtreustraße 23 comprises a total of around 15,300 square meters of rental space. The office and commercial building from the 1960s, some of which is a listed building, was given a facelift following revitalization in 2013 and was extended to include a new glass building, which also houses the offices of D+B Rechtsanwälte.
In the last few months, LUWIN has already concluded lease prolongations of approx. 3,000 square meters with various office users in K195, thus securing an occupancy of long-term existing tenants.
LUWIN wins mandate from Bayerische Versorgungskammer for Frankfurt office property
Forward deal with a volume of approx. 165 million euros
Frankfurt am Main, 6 July 2022
Asset Manager LUWIN Real Estate (LUWIN) has increased its assets under management to €2.8 billion by taking over two asset management mandates. In mid-February, the Bayerische Versorgungskammer (BVK) entrusted LUWIN with the management of another office property in Frankfurt am Main. LUWIN – founded four years ago – will in future act as asset manager for a fund administered by the Universal Investment Group. LUWIN had already taken over an asset management mandate from another German pension fund at the beginning of the year, covering four properties in the top five cities.
"We are very pleased about the great trust placed in us by both existing clients and new investors," says Maximilian Schneidler, Managing Partner of LUWIN." The demand from investors for outstanding asset management quality is growing rapidly. The acquisition of asset management mandates confirms our strong positioning in a very challenging market environment," adds Managing Partner Manuel DeVigili.
The newly acquired properties comprise a total of around 46,000 square metres in the metropolises of Munich, Berlin and Frankfurt am Main. Of this, around 36,000 square metres are office space, just under 9,000 are residential and a good 1,000 square metres are data centre space.
LUWIN acquires two office buildings with ca. 18,000 sqm in Frankfurt’s East End district for Bayerische Versorgungskammer
Forward deal with a volume of approx. 165 million euros
Frankfurt am Main, 6 July 2022
The asset and investment manager LUWIN Real Estate has purchased two office buildings which are part of the new quarter development “Oststern” in Frankfurt am Main for Bayerische Versorgungskammer (BVK). In the transaction LUWIN acted as investment manager for a specialised real estate fund administered by AIFM Universal Investment Luxembourg and will also assume the asset management for both properties. The total investment volume of the forward deal amounts to about 165 million euros. The seller is Lang & Cie., which is also active as the project developer, with BNP Real Estate as the consultant. LUWIN was advised on legal matters by Clifford Chance and Vesthaus, and on technical aspects by TA Europe. Lang & Cie. was advised on legal matters by Luther.
The core properties in Frankfurt’s East End district have a total leasable area of 17,900 square metres. The anchor tenants are Drees & Sommer and the advertising agency Innocean. The office areas are already leased to approx. 86 per cent and the weighted residual term of the lease agreements is eleven years. The ensemble of buildings has a DGNB certificate in gold and fulfils the KfW 55 energy efficiency standard. The properties comply with high ESG requirements; in addition, the construction phase and the first ten years of building operation are climate-neutral thanks to the acquisition of the corresponding certificates. The “Oststern” quarter is situated in the immediate proximity of the European Central Bank (ECB) and has excellent connections to the local public transport network and for motorised traffic.
“We are really big fans of the East End sub-market. This investment within the ‘Oststern’ quarter development has a risk-return profile that is extremely attractive and is an outstanding example of the high demands we place regarding ESG criteria,” explains Manuel DeVigili, the founder and managing partner of LUWIN. “The project is excellently suited to our strategy of realising large-volume core investments for institutional investors.”
LUWIN acquires Amazon last mile centre in Nuremberg from May & Co.
Last mile site at strategically important transport axis
Munich, 22 June 2022
The asset and investment manager LUWIN Real Estate has been able to secure a new logistics property in Nuremberg in the framework of an off-market transaction. The core real estate with approx. 8,300 square metres of warehouse space and approx. 1,200 square metres of office space was developed by May & Co.. The property has highly sought-after cross-dock architecture and is located in Grundig-Park, close to the city centre. May & Co. had acquired the plot of land, which covers 62,500 square metres, as a brownfield in 2017 and signed a long-term lease with Amazon in 2020.
The 'last mile' is of strategic importance in logistics. Burgeoning online trading with express and 'same-day delivery' offerings means that the demands placed on buildings, their fit-out and location are increasing. A favourable site at a key transportation axis has developed into a decisive competitive advantage. The distribution centre in Nuremberg has such an easily accessible location with suitable infrastructure connections, including four motorways, rail routes, as well as to the international airport and the Rhine-Main-Danube Canal.
"The property in Nuremberg fulfils all the requirements placed on a modern and future-proof logistics location," says Manuel DeVigili, the founder and managing partner at LUWIN Real Estate, adding: "We have utilised the opportunity to secure a property in a first-class, unique location. We are pleased that we can thus offer two new institutional clients from the Nuremberg region the possibility to attain significant long-term earnings in one of the real estate asset classes with the strongest growth."
LUWIN was advised on legal aspects of the transaction by Hogan Lovells, and on technical matters by Drees & Sommer.
LUWIN acquires residential and office building for Konzern Versicherungskammer at Munich’s Marienplatz
Munich, 3 June 2022
The investment and asset manager LUWIN Real Estate has acquired a residential and office building for the insurance group Konzern Versicherungskammer on Munich’s Marienplatz as part of an asset deal for long-term inclusion in the insurer’s portfolio. The building opposite Munich City Hall has a leasable area of about 1,300 sqm for retail outlets, medical practices and residential purposes on eight storeys. A long-standing anchor tenant uses the retail area on the ground floor as well as two other storeys; the upper floors accommodate practices and an apartment.
Martin Goderbauer, Senior Real Estate Investment Manager at Versicherungskammer: “Thanks to its prominent location this property represents a rare opportunity. We are convinced that with this residential and office property we can further diversify our real estate portfolio.”
“We are very pleased that in Konzern Versicherungskammer we were able to convince the largest public insurer in Germany – an experienced and reliable investor – of our abilities,” underlines Maximilian Schneidler, Managing Partner at LUWIN. Konzern Versicherungskammer and LUWIN were advised on the purchase by Hogan Lovells, TA- Europe, BNP Paribas Real Estate Consult GmbH, L+P Immobilienbewertungs GmbH and the rental space assessor Mario Bonet. The sellers were represented by the law firm Kohlmeier Illenseher Rechtsanwälte and OIT Oberland Immobilien-Treuhand GmbH. It was agreed that confidentiality be maintained regarding the purchase price.
Dusseldorf: LUWIN lets 1,340 square metres of office space in Oberkassel
Frankfurt, 21 February 2022
Asset and Investment Manager LUWIN Real Estate (LUWIN) has let ca. 1,340 square metres of office space in the Oberkassel district of Dusseldorf to GWQ ServicePlus AG. The new lease starts in the second quarter of 2022. GWQ is a service provider of innovatbe solutions to improve the quality of services to statutory health insurers and to enable services to be purchsed more economically.
The c. 33,000 sq m OBRKSSL office building was completed in 2020. lt was acquired by LUWIN in a forward deal for a German pension fund.
The transaction was brokered by JLL.
Frankfurt: LUWIN lets premium unit in ONE Goetheplaza to Hauck Aufhäuser Lampe via Aengevelt
Frankfurt, 27 January 2022
Asset and Investment Manager LUWIN Real Estate has let around 700 sq m on the sixth floor of ONE Goetheplaza on Goetheplatz to Hauck Aufhäuser Lampe Privatbank AG.
After completion of a very high-quality tenant fit-out, the private bank's investment banking division is expected to move into the prestigious office space, which boasts two exclusive roof terraces, by the end of Q2 2022.
The letting was brokered by Aengevelt Immobilien GmbH & Go. KG. The LEED Platinum-certified office and High Street retail property provides a total lettable area of c. 13,500 sq m. With tenants including Louis Vuitton, Bottega Veneta, Prada and Omega, it forms the gateway to the Goethestrasse luxury shopping pitch.
Law firm HEUKIING has recently agreed a long-term extension of its lease on around 4,500 sq m.
Frankfurt: LUWIN lets retail unit in Ma’Ro to Hackett
Frankfurt, 12 January 2022
Asset and Investment Manager LUWIN Real Estate has let a ca. 115 square metre retail unit in the Ma’Ro complex to British menswear retailer Hackett Retail Deutschland GmbH. The lease began on 1 November, followed by the opening in December 2021.
The men’s outfitter is moving from the luxury retail pitch in Goethestrasse to nearby Rothof Strasse. It rounds off the tenats mix alongside exisiting retailers Brioni, friendly hunting, SuitSupply, Burresi and Dorothee Schuhmacher.
The letting was brokered by Dusseldorf-based agents COMFORT.
This was LUWIN’s third letting in Ma’Ro in 2021: further lettingsare inthe pipeline für 2022. The latest lettings demonstrate that, even in a tense, Covid-affected market environment, well established retail concepts and excellent city-centre locations can still function sustainably. LUWIN aquired the office and retail property at Neue Mainzer Strasse/ Rothofstrasse for an institutional investor in June 2020. It has a total lease area of around 13,000 square metres.
Maximilian Schneidler becomes Managing Partner of LUWIN Real Estate
Frankfurt, 1 October 2021
Maximilian Schneidler becomes a Managing Partner of LUWIN Real Estate ("LUWIN") with effect from 1 October 2021. Schneidler (35) will be responsible for the expansion of LUWIN's institutional business in Germany and abroad, together with broadening the product portfolio.
Founder and Managing Partner Manuel DeVigili comments: "We are delighted to welcome Maximilian Schneidler as a partner. His track record, extensive expertise in the institutional property business and his wide- ranging network will provide major impetus for the strategic development of LUWIN as an investment and asset management platform for institutional investors."
Investment manager LUWIN manages a diversified real estate portfolio, with a total value of over EUR 2.2 billion, for international and German institutional investors.
Maximilian Schneidler joins LUWIN from the Quantum Immobilien Group where, as Managing Director and Head of Business Development, he was responsible for expanding the institutional investor base in Germany and abroad, as well as strategic product development. Earlier in his career he worked for companies including the IVG Immobilien Group and GLL Real Estate Partners GmbH. Maximilian Schneidler holds a Master's degree in Real Estate from the International Real Estate Business School (IRE|BS) at the University of Regensburg.
LUWIN agrees lease extension with Heuking Kühn Lüer Wojtek on 4,500 sq m at ONE Goetheplaza in Frankfurt
Frankfurt, August 2021
Asset and investment manager LUWIN Real Estate Managers has agreed an extension of the long-term lease to law firm Heuking Kühn Lüer Wojtek PartGmbB in ONE Goetheplaza.
The internationally-active commercial law firm occupies around 4,500 square metres of office and storage space in the six-storey building complex. The well-known law firm has been a tenant of the architecturally striking office and retail property since the building was completed. It occupies three entire upper floors.
The LEED Platinum certified building, with the addresses Goetheplatz 5-7, 9-11 and Goethestrasse 1, provides a total lettable area of around 13,500 square metres. Designed by Frankfurt architect Professor Christoph Mäckler, ONE Goetheplaza forms the gateway to Goethestrasse, the luxury shopping pitch in the financial metropolis. This street is one of the top locations for luxury labels in Frankfurt, featuring retailers including Louis Vuitton, Bottega Veneta, Prada and Omega. The prestigious office floors in the building, boasting spacious terraces and unobstructed views of the Frankfurt skyline, provide internationally active companies and law firms with top-quality space in a prestigious CBD location.
Savills Immobilien Beratungs-GmbH advised Heuking Kühn Lüer Wojtek on the negotiation of the lease extension.
Frankfurt: LUWIN lets retail space to Brioni Atelier
Frankfurt, 6 August 2021
Asset and investment manager LUWIN Real Estate Managers GmbH (LUWIN) has concluded a retail lease on approx. 180 sq m in the "Ma'Ro" complex in the Frankfurt CBD to the luxury fashion label Brioni (KERING Group). The office and retail property at Neue Mainzer Strasse 74 has a total area of around 13,000 square metres. LUWIN acquired the asset for an institutional investor last year.
It is the first location of the new "Brioni Atelier" concept, which will be rolled out worldwide from Frankfurt. The Atelier designation is a nod to the original Brioni tailor shop, which opened in Rome in 1945. In a very exclusive setting, Brioni will welcome its clientele by appointment. As an Italian luxury fashion house, Brioni is internationally known for its high-end, handmade men's suits.
The new store, in a corner location vis-à-vis the Bürohaus an der Alten Oper and Opernplatz 2, will be used as a sales area and showroom. The opening took place at the end of July 2021. Brioni's lease is an attractive addition to the existing tenant mix on Neue Rothofstraße, where SuitSupply, Woolrich, Hogan, Burresi, Dorothee Schuhmacher and, most recently, Friendly Hunting are among the tenants.
The deal was brokered by Harper Dennis Hobbs Limited.
Frankfurt: Medcap and LUWIN secure the premium location - Goethestrasse 2
Frankfurt am Main, May 2021
- Principal tenant Salvatore Ferragamo extends its lease over the long term
- Value-add project with extensive refurbishment intended
- German market entry for Medcap Real Estate
The international investor and developer, Medcap Real Estate S. A., with its headquarters in Valencia, and the Frankfurt-based investment and asset manager LUWIN Real Estate Managers GmbH are acquiring the Frankfurt high-street property Goethestrasse 2 in an off-market transaction.
In keeping with the unique quality of the location, Medcap and LUWIN will completely revitalise the retail and office property to the highest standards, converting it into a top-class trophy asset. During the course of the project, the office space will be extended by a set-back floor, including a generously sized terrace with a view over Goetheplatz and the Frankfurt skyline. After completion, Goethestrasse 2 will offer around 1,600 sq m of lettable retail and office space.
In addition to the acquisition of the property, Medcap and LUWIN announce that they have agreed a long-term extension of the lease with the Italian luxury brand Salvatore Ferragamo. This will be accompanied by the conversion and refurbishment of the rental space into a high-quality retail flagship store in accordance with the wishes and requirements of the tenant, and a substantial optimisation of the external appearance of the property. Further lettings will be concluded shortly.
Dimas De Andres Puyol, CEO of Medcap, comments: ‘We are very pleased to have secured the best location on Goethestrasse. We could not have imagined a better start for our activities in Germany. As the entrance to Goethestrasse and due to its high visibility from Goetheplatz, this building has always been one of Frankfurt's most attractive landmarks. With our revitalisation, the location will shine anew. We are very proud to contribute to the positive development of Frankfurt's cityscape.’
Manuel DeVigili, Managing Partner of LUWIN, adds: ‘You have to take advantage of the opportunity to secure a property in a location of this quality. This is evident from the overwhelming demand from prospective tenants; in particular, our retail spaces are very popular. It shows once again that, especially in periods of uncertainty in the market, properties in outstanding locations perform above average.’
apd, the renowned Frankfurt architecture and engineering firm, was commissioned to undertake the extensive and complex revitalisation project. Hogan Lovells provided legal and tax advice on the transaction and the lease.
Luwin lets office space in Frankfurt CBD to La Française
Frankfurt am Main, 22 February 2021
Frankfurt am Main, 22 February 2021 - Asset and investment manager LUWIN Real Estate Managers GmbH (LUWIN) has let an over 400 square metre office unit, in the "MaRo" complex, to La Française Asset Management GmbH. In the scope of this new letting, associate company La Française Real Estate Managers Germany has extended its existing lease. In total, La Française now occupies around 800 square metres on the second floor of the building, at Neue Mainzer Str. 80.
LUWIN acquired and took over the asset management of the office and retail property, which has a total area of around 13,000 square metres, for an institutional investor in June 2020.
Christian Müller, Director Asset Management at LUWIN, explains: "The letting and the associated lease extension emphasise the attractiveness of modern mid-rise buildings in the Frankfurt CBD. Units of less than 1,000 square metres are enjoying consistently strong demand in the current phase of the market. The building, which was designed by Eike Becker, is impressive not only for the above-average quality of the space and its flexible floor layout but also because of its exceptional architecture.”
Another office unit, of around 540 square metres, is currently available in the complex. It will be fitted-out to a high standard in line with the individual tenant's requirements.
LUWIN increases assets under management to EUR 2.2 billion
Frankfurt am Main, 25 January 2021
Investment manager LUWIN Real Estate Managers GmbH (LUWIN) increased its assets under management by around EUR 500 million to EUR 2.2 billion in 2020. Two core investments in central locations in Frankfurt and Dusseldorf made significant contributions to this. The volume of space under management has now risen to around 194,000 square metres. The occupancy rate of the portfolio was increased to 96% last year.
The opening of the Hamburg office and new appointments in the asset and portfolio management sections increased the LUWIN team to 11 staff. Further recruitment is planned in 2021.
Manuel DeVigili, managing partner of LUWIN, explains: “Despite the challenging economic environment, we have been able to achieve very good results for our institutional investors. We are particularly happy with the letting and lease extension performance, with over 17,000 square meters at pre-crisis conditions. We have positioned our portfolio robustly and sustainably for the coming years, which will be dominated by uncertainty and volatility.
LUWIN lets retail space in Frankfurt's CBD to friendly hunting
Frankfurt am Main, 16 December 2020
Investment manager LUWIN Real Estate Managers GmbH (LUWIN) has has let approximately 100 sq m of retail accommodation in the “MaRo” complex, in the Frankfurt Opernquartier, to clothing retailer ‘friendly hunting’.
The family-operated cashmere manufacturer will be opening its Frankfurt branch, at Neue Mainzer Strasse 74, on 1 April 2021. It complements the existing tenant mix on Neue Rothof, where stores already include Suitsupply, Woolrich, Hogan, Burresi and Dorothee Schumacher. friendly hunting is a label that consistently unites its trading activities with a sustainable attitude and social commitment.
BNP Real Estate brokered the letting.
Sarah Dörr, asset manager at LUWIN, comments: “The letting to friendly hunting is indicative of the future positioning of our retail offer. In the current market environment, it underlines the confidence of retail occupiers in the location and in our premium property MaRo, which is cheek by jowl with the luxury shopping pitch in Goethestrasse. Other factors that will strengthen the location in the short to medium term include the developments in the surrounding Opernquartier, particularly Junghof Plaza, the Four development and Opernplatz 2.”
LUWIN acquired the office and retail property MaRo for an institutional investor in June this year. The firm has taken over the asset management of the ca. 13,000 sq m property.
LUWIN reinforces its Hamburg asset management team
Frankfurt am Main, 15 December 2020
LUWIN Real Estate Managers GmbH (LUWIN) has appointed Naghmeh Baybordi as director of the Technical Asset Management division in its Hamburg office.
A graduate engineer with over ten years’ experience in technical real estate management, she has been mainly responsible for commercial properties in the core and core+ segment. Prior to joining LUWIN, she worked for as a technical asset manager for Officefirst GmbH and Dream Global Advisors GmbH.
Based in LUWIN’s Hamburg office, which opened on Ballindamm this year, Naghmeh Baybordi will assume technical responsibility for a supraregional portofolio.
Baybordi is LUWIN’s seventh new appointment this year.
LUWIN currently manages a portfolio of office, retail and residential property, with a volume of around EUR 2 bn in Germany and other European countries. At the beginning of this year, the company acquired the office and retail property “Ma’Ro” in the Frankfurt CBD. It has recently taken over the asset management of the “OBRKSSL” office property in Dusseldorf, the new headquarters of HSBC Germany.
Dusseldorf: STRABAG hands over new HSBC headquarters to LUWIN
Frankfurt am Main, 07 December 2020
LUWIN Real Estate Managers GmbH (LUWIN) has taken over the asset management of the newly constructed “OBRKSSL”, at Hansaalle 1-3 in Dusseldorf-Oberkassel. The developer, STRABAG Real Estate GmbH (SRE), completed the new German headquarters of major international bank HSBC on schedule. In the background is a German pension fund as investor.
As well as the main tenant HSBC, which is consolidating around 2,000 staff in this location and occupies some 70% of the lettable area, other companies Metro Markets GmbH and Avedon GmbH have also decided to take space. The six-storey office building is close to the Belsenpark residential district. The total lettable area of 33,300 sq m makes it one of the largest office developments in Dusseldorf in recent years. Designed by well-known architectural firm RKW Architektur +, the building has been awarded DGNB Gold certification.
LUWIN expands with a new office in Hamburg and adds to the Frankfurt team
Frankfurt am Main, 2 June 2020
LUWIN Real Estate Managers GmbH, an owner-managed company specialising in real estate investment and asset management services, has opened an office in Hamburg.
Real estate expert Christian Müller, 43, has been appointed to run the new branch, at Ballindamm 27. As Director Asset Management, he is responsible for the company's asset management activities throughout Germany and has been active in the real estate industry for more than 15 years. Before joining LUWIN, he was a senior manager in the asset and letting management division of Patrizia Germany. Prior to that, he worked for companies including TRIUVA, IVG and Tishman Speyer.
In addition, due to the steadily growing acquisition volume LUWIN has strengthened its staff in Frankfurt am Main. Benjamin Lutz, 31, joins the team as Director Investor Relations & Portfolio Management. In his role he is responsible for institutional investor relations and services as well as implementing investment strategies at portfolio level. Benjamin Lutz joins from Barings Real Estate, where most recently he was Fund Manager, focusing on Separate Accounts. Previously he worked for TRIUVA, IVG and Corestate Capital Advisers.
LUWIN currently manages a portfolio with approx. EUR 2 bn. of office, retail and residential properties in Europe. Recent acquisitions by the company include the "Kuhlio" residential project in Frankfurt-Bockenheim, from STRABAG Real Estate, and the office and retail property "Ma'Ro" in the CBD of Frankfurt, from Invesco Real Estate.
Invesco Real Estate sells prime Frankfurt Mixed-use Asset to LUWIN Real Estate Managers
London, March 27th, 2020
- Invesco Real Estate sells Neue Mainzer Straße 74+80 in Frankfurt (‘Ma’Ro’) to LUWIN Real Estate Managers GmbH
- The ‘Ma’Ro’ sale crystallizes strong performance for investors in Invesco’s core European programme
- LUWIN sees strong potential to further develop and optimize the asset
Invesco Real Estate (Invesco), the global real estate investment manager, announces it has sold a prime mixed-use office and retail asset in Frankfurt to LUWIN Real Estate Managers GmbH. The buyer is LUWIN Real Estate Managers GmbH, a partner-operated investment boutique specialising in property investment and asset management services based in Frankfurt.
The asset, Neue Mainzer Straße 74+80 in Frankfurt (‘Ma’Ro’), is comprised of two high quality properties over c.13,000 sqm in total located in the most sought after office market in Frankfurt. Around 70 percent of this is allocated to office space and around 25 percent to retail space. The office space is fully let and only one unit of 300 sqm is currently available in the retail segment. Built in 2016 and acquired by Invesco in mid-2016, it is currently let to 16 tenants. The weighted average remaining lease term (WALT) is 6.1 years.
The deal, which reflects the promising location, the high-class property and a highly positive outlook for the core Frankfurt office sector, crystallizes strong outperformance for investors in Invesco’s core European programme.
Jonathan Pierce, Senior Director, Fund Management at Invesco, says: “The sale price represents excellent value for investors in our core programme. It also allows us to optimise our allocation to the German office sector, particularly with the recent closing of the Die Welle acquisition, and underscores the strength of, and confidence in, the prime Frankfurt market.”
Fabian Manegold, Managing Director – Transactions, Germany, Austria, the Netherlands at Invesco, comments: "We remain very convinced of the building quality and the great location potential of ‘Ma’Ro’, which will continue to develop in the coming years. The achieved sales price reflects this and we are of course pleased that we have encountered a very positive market environment with our asset".
Christoph Schiller, Director at LUWIN, says: "We are delighted to acquire this premium property in a central Frankfurt location and to drive forward our investors' core investment strategy. The property has a strong potential for value enhancement, which will materialize through active asset management in parallel with the new inner city developments in the coming years.”
LUWIN acquires ‘Ma’Ro’ on behalf of a German pension fund and expands its assets under management to EUR 2 billion with this transaction.
On this transaction, the advisers to Invesco were CBRE (commercial), GSK Stockmann (Legal) and CBRE Preuss Valteq (technical). LUWIN was advised by Curtis, Mallet-Prevost, Colt & Mosle LLP (legal), Drees & Sommer (technical) and BNP RE (commercial).
STRABAG Real Estate sells KUHLIO residential project in Frankfurt to LUWIN
Frankfurt, 19 February 2020
- LUWIN Real Estate Managers completes purchase of 63 rental flats for pension fund
- Complex ready for occupancy starting late 2022
- Construction commenced late 2019
LUWIN Real Estate Managers GmbH (LUWIN) acquired the rental portion of the KUHLIO residential development in Frankfurt/Main for a German pension fund. The transaction was carried out as part of a forward deal. The Rhine-Main unit of project developer STRABAG Real Estate GmbH (SRE) is the seller and will also oversee initial rental. The parties have agreed to keep the purchase price confidential. The buyer obtained technical advice from Drees & Sommer as well as legal and tax advice from Curtis, Maller-Prevost, Colt & Mosle LLP.
Attractive city location
KUHLIO is the name of the residential complex that SRE is developing in Frankfurt's Bockenheim district. Two architecturally appealing structures are being built in the up-and-coming neighbourhood, right on Kuhwaldsstrasse and the corner of Voltastrasse. One is approx. 9,000 m² and accommodates 100 owner-occupied flats, and the other has a gross floor space of approx. 6,000 m² and holds the 63 rental flats that were just sold. Aside from exceptional transport connections, the location also stands out for having a bubbling urban infrastructure. LUWIN Managing Partner Manuel DeVigili described the reasons for the purchase thus: "The location, the product and the project developer – all the conditions are right for this deal!" "With KUHLIO, we can now boast of our third successful project with the pension plan acting as an equity investor", said SRE unit head Andreas Hülsken, pleased with the exhibited customer confidence.
The flats are slated to be occupied starting in late 2022. In December of last year, commissioned general contractor Ed. ZÜBLIN AG began construction work on the 5,200 m² lot that SRE purchased from Senckenberg Society for Nature Research in late 2017.
LUWIN Real Estate Managers GmbH (LUWIN) is a partner-operated company specialising in real estate investment and asset management services. LUWIN currently manages over EUR 2.0 million in real estate assets. It targets real estate investment in Germany and select European metropolises in the segments of office, residential, retail and logistics.
STRABAG Real Estate GmbH (SRE) is one of the top real estate developers in Europe. Its Cologne office is responsible for projects in Germany and Benelux, while the Vienna office oversees those in Austria, Poland, Bulgaria, Romania, Hungary, Czechia and Slovakia. As a STRABAG SE company, SRE is part of an innovative building technology group with strong finances. SRE's range of services encompasses every stage of a project – from kick-off and planning, to realisation, rental, sale and operation. The company's highly diverse portfolio involves the development of office, commercial and retail properties as well as residences, hotels and entire neighbourhoods. More than 600 projects have been realised since it was founded in 1965 and Raiffeisen evolution was integrated in 2017. Currently, the largest projects are neighbourhood developments MesseCity in Cologne and HEINRICH VON STEPHAN BUSINESSMILE in Freiburg, OBRKSSL in Düsseldorf and TURM AM MAILÄNDER PLATZ in Stuttgart. FLARE OF FRANKFURT and MEANDRIS are among SRE's best known projects in Frankfurt am Main.
Berlin: LUWIN buys 253 new build apartments from Investa and Baywobau
Frankfurt am Main, 1 August 2019
A joint venture between Investa Real Estate and Baywobau has sold a new development project of 253 rental apartments in Berlin to the LUWIN Real Estate Managers investment platform. LUWIN has acquired the premium residential complex for a German pension fund. The sale contract, structuring the transaction as a forward deal, was signed in June. Construction of the project has already begun and the residential buildings will be handed over to LUWIN, on a turnkey basis, by mid-2022. The parties have agreed to keep the sale price confidential.
The residential complex in Schmargendorf, part of the south-western administrative district of Charlottenburg-Wilmersdorf, will provide a total lettable area of 18,200 square metres and 150 parking spaces. The development project acquired by LUWIN is the centrepiece of the new Maximilians- Quartier, where a total of around 1,000 condominium and rental apartments, rent-controlled housing and a day nursery will be developed.
The purchaser was advised by Hogan Lovells and TA Europe, the vendor by BNP Paribas Real Estate and Pöllath + Partners.