Thursday, June 23 2022

Issuer: Montano Real Estate GmbH / Keyword(s): Real Estate
31.05.2022 / 07:30
The issuer is solely responsible for the content of this announcement.

Montano Real Estate acquires the first property of the recently launched “Montano Public Sector Fonds I” in an off-market transaction

  • Purchase of a modern central office building in Frankfurt/Main

  • Long-term leased multi-tenant property with the city of Frankfurt as anchor tenant

  • “Montano Public Sector Fund I” offers a balanced risk-return profile and high security through a target group of creditworthy government-linked tenants and inflation protection through index-linked leases

Munich, May 31, 2022 – Montano Real Estate GmbH (“Montano”, www.montano.eu), one of the leading independent investment managers in the German commercial real estate market, has acquired a central office building modern in Frankfurt/Main, the first operation for the multi-investor Public Sector Special Fund launched in April 2022. The object is sold by the Cells Group on behalf of a family office. The parties have agreed not to disclose the purchase price.

Built in 2002, the modern 5-storey office building has a lettable area of ​​over 8,000 m² and 40 parking spaces and is currently fully let to a total of eight tenants. More than 80% of rental income is generated by public sector tenants and government-related businesses. The main tenant is the city of Frankfurt. The property is located at Salvador-Allende-Strasse 11 in the Frankfurt-Bockenheim district and is characterized by its proximity to Frankfurt city center and easy access by public and private transport.

“We are very pleased to announce this attractive transaction so soon after the launch of our public sector fund. The target group of government-connected tenants offers a high degree of security because, especially in turbulent times like this, a strong credit rating is an even greater asset,” says Ramin Rabeian, co-founder and managing partner of Montano Real Estate. “For many years we have had a good experience with properties leased to government-connected users and expect to announce more promising transactions for our fund soon.”

The economic launch of the “Montano Public Sector Fund I” took place in April 2022 and significant capital commitments have already been raised initially. The fund currently has a total investment volume of around three million euros and is expected to invest a total of 500 million euros. The “Montano Public Sector Fund I” focuses on base buildings in the office sector and special real estate with government or government-related users. One of the reasons this asset class is so attractive is that government-bound tenants have very good credit ratings and are interested in long-term leases due to high barriers to relocation. According to studies[1], the rental market with tenants from the public sector proved to be very robust even during the Corona crisis. The “Montano Public Sector Fund I” is eligible under Art. 8 of the Advertising Ordinance, thus taking into account the growing importance of the issue of sustainability for the public sector.

The buyer was advised in the off-market transaction by Black Olive, legal advisors were McDermott Will & Emery, technical advice was provided by ChandlerKBS. The seller was advised by HFK Rechtsanwälte PartGmbB.

About Montano Immobilier
Montano Real Estate GmbH is one of the leading independent investment specialists in the German commercial real estate market with offices in Munich, Frankfurt and Berlin. Institutional investors can find secure and particularly high-yield investment products at Montano that match their risk profile. Founded in 2013 by Ramin Rabeian and Sebastian Schöberl, the firm’s extensive experience in asset management for institutional and international investors has ensured steady growth and lucrative increases in value well above market level.
www.montano.eu

Contact
Montano Real Estate GmbH
Lenbachplatz 5
80333 Munich, Germany
Telephone +49 89 24 21 69 80 0
Email presse@montano.eu

Legal notice
This is a marketing communication prepared by Montano Real Estate GmbH, the asset and real estate manager of “Montano Public Sector Fund I” (“Fund”). It is not intended as investment brokerage or investment advice. Detailed product specific information and notes on the opportunities and risks of the Fund managed by IntReal International Real Estate Kapitalverwaltungsgesellschaft mbH (“INTREAL”) can be found in the respective applicable contractual documents (i.e. the Terms investment policies and other contractual documents, the information contained in the document drawn up in accordance with Section 307 KAGB and – in the case of semi-professional investors – any key investor information) as well as in the latest annual report . These documents constitute the only binding basis for the purchase of shares in the fund. Please read them before making a final investment decision. The Fund is an actively managed fund which is not managed with reference to a benchmark.

The fund is an open special AIF with fixed investment restrictions in accordance with Section 284 KAGB and may not be distributed to private investors within the scope of Section 1 (19) no. 31 KAGB.

A summary of investor rights is available in German in electronic form at https://www.intreal.com/wp-content/uploads/2021/07/Zusammenfassung-der-Anleger-rechte.pdf. On request, we will send you a hard copy free of charge. You can request this from Montano Real Estate GmbH, Lenbachplatz 5, 80333 München or from IntReal International Real Estate Kapitalverwaltungsgesellschaft mbH (“INTREAL”), Ferdinandstrasse 61, 20095 Hamburg.

To the extent that information is provided on individual financial instruments or issuers, it is not a recommendation of specific financial instruments.

The future performance of the fund also depends on the investor’s personal tax situation and may change in the future. Please note that this document does not constitute or replace legal or tax advice.

This document and the assumptions it contains have been prepared with care and based on the accuracy of data provided to us by third parties, however, we cannot guarantee its accuracy, completeness or timeliness. of this information. In addition, the parameters underlying this document are subject to change and it is possible that these assumptions will not be maintained in the future.
Source: [Montano Real Estate GmbH] (as of 18.05.2022), unless other sources are indicated.

[1] According to bulwiengesa studies.

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