Assets under Management (AuM) rise to 350 million euros in 2016
At the same time, projects worth 50 million euros were successfully sold
Designing and selling of AIFMD-compliant real estate investments and funds to start in 2017
NAS Invest Group is looking back on a successful financial year 2016. By year-end, the company had approximately 350 million euros in assets under management (AuM), up from c. 80 million euros the previous year. Simultaneously, 2016 saw the company complete project sales worth 50 million euros. NAS Invest Group concentrates exclusively on investments in existing properties, and intends to discontinue the project development business. Going forward, NAS Invest may also design AIFMD-compliant investment products and sell them to investors anywhere inside the European Union. The AIFM Directive governs the licensing, ongoing operation, and transparency of companies that manage alternative investment funds within the European Union.
The brisk growth of NAS Invest in 2016 is mainly explained by the formation of its two subsidiaries, NAS Real Nord-Ost and NAS Real Süd-West, and the associated expansion of the investment focus to include the commercial real estate sector. The two companies, whose interests are held by NAS Invest and a partner in a joint venture, invest nationwide in commercial properties in metro regions with a robust economic perspective. They focus on multi-tenant office schemes and medical centres in an asset size category of five to 20 million euros each or larger in the case of portfolio transactions.
NAS Invest intends to resume its acquisitions at some time in 2017, with the focus to remain unchanged on properties with stable cash flows. The company obtained exclusivity for acquisitions currently under negotiation, involving assets in a total amount of c. 50 million euros.
“By setting up NAS Real Nord-Ost and NAS Real Süd-West, and by opening up our office in Frankfurt am Main, we kicked off a new phase in our corporate development,” said Nikolai Dëus-von Homeyer, Managing Director of NAS Invest Group. “Demand for real estate investments in Germany remains as high as ever among both domestic and international investors. This goes even and especially for high-net-worth individuals and family offices, but also for institutional investors. Especially the strong sector of small and medium-sized enterprises is something for which Germany is internationally admired.”