Value-add strategy focuses on commercial properties with value-add and repositioning potential
Acquisitions of up to 200 Million Euros on Value-Add Commercial Properties across Germany under way
Properties and portfolios worth more than 200 million euros under review, first acquisitions signed
In addition to core-plus assets, NAS Invest intends to invest increasingly in commercial buildings with substantial capital appreciation potential in economically strong German metro regions. Stated aim of the investment and asset manager is to spend an amount of up to 200 million euros on value-add real estate in this segment. To this end, properties worth more than 200 million euros across Germany are undergoing pre-acquisition audits. First acquisitions to this strategy have been signed.
Within the framework of this strategy, NAS Invest specifically targets commercial properties with vacancies or maintenance backlogs because of their high value-added potential. “We believe the business with ailing properties harbours great opportunities. By bringing a vacant building back to life, positioning commercial buildings on the market, and implementing urgently needed modernisations, we upgrade not only the actual piece of real estate, but its entire environment,” said Julian Reinecke, Managing Partner of NAS Real. He added that the asset management of NAS Invest has long-term experience in repositioning properties and maintains close relations with its tenants. “That is our special forte, and it is what makes the focus on value-add properties an auspicious business model,” Reinecke went on to say.
With its approach, the company connects to its successful German Mittelstand Properties strategy, which pursues investments in office buildings and medical centres. “Since our new strategy focuses on locations where we are already actively anyway, and where the focus is also on commercial real estate, we will create value-add synergies that both we and our co-investors stand to benefit from,” said Nikolai Dëus-von Homeyer, Managing Partner at NAS Invest.