LLB Immo KAG adds 10,000m2 logistics properties to “LLB Semper Real Estate” portfolio
Vienna, 10 December 2020. In these challenging times, LLB Immo Kapitalanlagegesellschaft m.b.H. succeeded in making another promising acquisition for its multi-award winning “LLB Semper Real Estate” retail fund – this time a logistics complex in the Hamburg metropolitan area.
Austrian funds specialist LLB Immo KAG acquires a 10,420m2 logistics complex in the Hamburg metropolitan area for "LLB Semper Real Estate”, its open-ended real estate fund. “Logistics real estate is a winning investment in the current crisis. The complex therefore ideally complements LLB Semper Real Estate’s existing portfolio, which currently encompasses 57 properties worth more than EUR 835 million”, explains Louis Obrowsky, managing director of LLB Immo KAG.LLB Immo KAG’s investment strategy is focused in particular on ensuring long-term revenue based on anchor tenants with excellent credit standing. Investor interest is therefore well taken care of with this latest acquisition: “The tenant, a market leader in its field, has entered into a 15-year lease with us – ideal conditions for orienting our portfolio towards even more robustness and crisis resilience. What is more, I am pleased to note that even in such economically challenging times we managed to finalise the deal within just a few weeks – proof of the clear expertise and outstanding professionalism of all parties involved”, adds Obrowsky.
LLB Immo KAG’s legal counsel was Dr. Matthias Kuß and his team from CMS Berlin.
The deal is a sale-and-lease-back deal, with the STS group acting as seller and thus tenant alike. Both parties agreed not to disclose the volume of the transaction.
STS group is market leader in importing and selling protective equipment such as respiratory masks and protective suits, tool engineering and providing related services in the German-speaking countries. The financial investor behind STS Group is a fund managed by Munich-based private equity investor Maxburg Capital Partners.
The three properties – at Beckedorfer Bogen 10, 17 and 19 respectively – are located in Seevetal, a community immediately adjacent to Hamburg with excellent transport connections via the A1, A7 and A261 motorways.
LLB Immo Kapitalanlagegesellschaft m.b.H. – a subsidiary of Liechtensteinische Landesbank (Österreich) AG – looks back on more than 15 highly successful years in working with real estate investment funds. It currently manages the multi-award winning LLB Semper Real Estate retail fund as well as a large-investor fund and two private-label funds with a total volume of some EUR 1.4 billion. LLB Immo KAG’s experienced management team, which over the past few years has seen its numbers steadily reinforced with established experts, is constantly working on consistently expanding the company’s overall portfolio.
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