Hansainvest looks to projects, now manages €5.2bn
Hansainvest increased its assets under management last year from around €4.8bn to €5.2bn. Purchases of major project developments in Germany – such as Frankfurt’s Global Tower, with an investment volume of around €340mn, and the Kapstadtring 5 property in Hamburg, with €140mn – particularly helped to drive growth, in addition to the value increases. Transactions in 2018 totaled €440mn, with €370mn in acquisitions and €70mn in sales. Letting (around 200,000 sqm) was more than twice as high as in the previous year (90,000 sqm), bringing the tenancy rate for the entire portfolio up to 95%.
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