Montano Real Estate GmbH
Montano Real Estate GmbH closes 2023 with investments in all relevant asset classes despite continued challenging market environment
Issuer: Montano Real Estate GmbH
/ Key word(s): Annual Results
Montano Real Estate GmbH closes 2023 with investments in all relevant asset classes despite continued challenging market environment
Munich, 15 February 2024 – Montano Real Estate GmbH (“Montano”, www.montano.eu), a highly specialised partner for investments in commercial real estate, successfully completed transactions in all asset classes relevant to the company in the past 2023 financial year despite ongoing market turbulence. “The year 2023 has put the property sector in Germany under increasing pressure. High inflation led to a significant rise in interest rates and a sharp increase in the cost of construction. As a result, many construction projects were temporarily halted or even put on hold completely,” says Montano founder and Managing Partner Ramin Rabeian. “I am all the more proud of the performance of our entire team. The fact that we have held our own in the commercial property market in our tenth year of existence despite these adverse conditions and have been able to identify attractive opportunities in all of the asset classes we actively manage and bring them to a successful conclusion is a great success.” Highlights of the past financial year:
Montano successfully completed a total of six transactions with a total volume of €270 million in the current financial year: In Wiesbaden, we acquired the office and commercial building “Haus am Staatstheater” with 6,000 sqm of space, in Erfurt, together with Beyond Real Estate, we acquired a multi-tenant commercial property with 23,700 sqm of space and were able to expand the logistics portfolio by 26,200 sqm of total space with two add-on acquisitions. We sold the two remaining properties of the KÖ-Campus in Eschborn with a total area of over 28,000 sqm. Some transactions planned for the fourth quarter were postponed until the new year due to the difficult market conditions. With the acquisition of the “Haus des lebenslangen Lernens” education campus in Dreieich, Hesse, Montano successfully completed one of the largest transactions on the German commercial property market in 2023. Montano was shortlisted for the immobilienmanager Award 2024 for its innovative financing mechanism, which provided a high level of transaction security for both parties in a volatile interest rate environment thanks to an innovative sliding price clause.
“Given the difficult market conditions, we can really be very satisfied with our performance last year,” says Sebastian Schöberl, another Montano founder and Managing Partner. “In our Public Sector Fund, we are well positioned for further transactions with the money we have raised, and the continued high level of investor confidence in our active asset management underpins the focus of our strategy: we have been taking special care of existing properties for years, making them fit for the future with customised modernisation measures and thus increasing their value. As a basis for further growth in this area, we invested in the optimisation of our IT architecture and the expansion of our team last year.” For the current 2024 financial year, Montano is planning further selective investments as well as the expansion of the public sector portfolio and the “Social Infrastructure” investment division. In addition, Montano intends to take advantage of opportunities to acquire value-add properties and non-ESG-compliant and stranded office properties in order to reposition them in a new and environmentally friendly way. The retail and logistics portfolio is also to be further expanded. About Montano Real Estate Contact
Dissemination of a Corporate News, transmitted by EQS News – a service of EQS Group AG. |
Language: | English |
Company: | Montano Real Estate GmbH |
Lenbachplatz 5 | |
80333 München | |
Germany | |
Internet: | https://www.montano.eu/ |
EQS News ID: | 1837559 |
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