An AIF, managed by Collineo Asset Management GmbH, and a Luxembourg-based insurance company have acquired a police headquarters in Aachen developed by HOCHTIEF PPP Solutions and completed by HOCHTIEF Infrastructure 2018. A German pension fund and a German occupational pension scheme have indirectly participated in the AIF structure via a bearer bond or a promissory note loan, respectively. HOCHTIEF PPP Solutions remains a minority shareholder.
The new police headquarters consists of more than 22,500m² of space for about 1,200 employees and offers/administratives areas as well as workshops, a sports hall and other police-specific facilities. The property lease term 20 years with an extension option of the state of North Rhine-Westphalia. The Collineo Group is responsible for the financial asset management of the property, the technical asset management remains with HOCHTIEF.
The law firm CMS advised HOCHTIEF PPP Solutions and Collineo Asset Management GmbH on the transaction. The advice included in particular the design of the complex purchase structure, the structuring of the bearer bond and the promissory note loan as well as fund supervision, tax, finance and real estate law aspects.
On behalf of a renowned Austrian project developer Collineo has arranged a mezzanine financing for the construction of an office property. By autumn 2022, around 13,600 m² GFA of new office space will be built in the immediate vicinity of the river Main.
On behalf of a renowned Austrian project developer Collineo has arranged a mezzanine financing for the conversion and construction of a residential area with additional retail / commercial use in Munich Johanniskirchen. The existing properties are to rebuilt and increased by one floor, additional space will be created in a new building. In total, 159 residential units will be built by the end of 2020, some of them with social benefits, as well as around 3,000m² of retail and commercial space on the ground floor.
On behalf of a major German project developer, Collineo has arranged a mezzanine financing of EUR 20 million for the construction of an office building in Dusseldorf. The property with around 15,000m² GFA will be completed by Q2 2020 in a preferred office location.
On behalf of an established German project developer Collineo has arranged a mezzanine financing for the construction of a new residential in Hamburg. For the approx. 22,000m² plot near the river Elbe, a new development plan will be in force by the beginning of of 2020, so that around 40,000m² GFA area can be built on the site by 2022.
On behalf of a renowned Austrian project developer, Collineo is providing mezzanine financing for the construction of a new residential and office district in Schönefeld. By 2021, approx. 560 apartments with 50,000m² of rental space as well as approx. 12,000m² of office space will be constructed on around 30,000 m² of land.
In line with the planning, the new day nursery celebrates the topping out ceremony on the 20th of August 2015. Under the leadership of Collineo Asset Management and after a five months long construction period, the structural works and the roof timbering have been completed. The Kita Münsterstraße was designed by Hofmann / Syffu and comprises 779m² barrier-free floor space. 70 new childcare places in four groups will reduce the strong demand for day nursery in Düsseldorf Mörsenbroich.
On two floors a disabled friendly and comprehensive care for children between four months and school-age will be provided. A distinguishing feature of the project is the well equipped and the 1,400m² large outdoor facility. The completion including the open areas is planned for summer 2016.
The new day nursery will be operated by Verein Kinder, Kinder Beruf & Familie e.V., which already runs several other ”Kitas” and day care centers in Düsseldorf.
Collineo acted as a transaction advisor regarding the sale of a residential complex located in Nuremberg, Germany. The property with a leasable space of approximately 5,000 square metres is almost fully let and includes some commercial units on the ground floor. It was built in 1964 and comprises of 49 residential, 4 commercial and 33 parking units located in the city district "Steinbühl" in a central area within the "ring road" of Nuremberg.
The P&P Group is an privately owned real estate company based in Fürth, Germany. It was founded in 1995 and today covers all business segments along the real estate value chain, from acquisition to project development, up to sale, letting and administration.
The buyer of the property is a German institutional investor. Collineo acted as an advisor to the seller.
Collineo acted as a transaction advisor for a sale of a residential- and office-buildung-complex in Leipzig to a special fund of the Düsseldorf´ investor aik Immobilien-Kapitalanlagegesellschaft mbH (“aik”)
Collineo supported the sale of the building complex which consists of 309 residential units and 8 office units located in Plagwitz, which is a district of Leipzig. Aik bought the building complex for their open real-estate special fund with total investment costs of around EUR 25.5 million.
The total floor space of the 12 buildings amounts to around 17,460 square metres. Beside the residential buildings the property complex includes a historical office building with 8 commercial units with an area of approx. 1.000 square metres. The residential buildings were constructed in the late 1990s and the historical office building was core redeveloped at the same time. The real estate is nearly fully let.
Leipzig is due to the population development, sustainable demand and the stable rent level an attractive investment location.
Collineo´s expertise and special know-how in the real estate markets and the long-term relationships to investors and market participants helped to successfully close the transaction.
In August Collineo Group successfully closed a further sale and leaseback transaction together with the Spanish hotel operator Hotusa with respect to the 4* Eurostars Book Hotel located in Schwanthalerstr. 42 – 44 in Munich. Collineo structured the transaction, arranged the long-term financing and is administrating the special purpose vehicle that owns the hotel. The acquisition of the hotel property was inter alia financed by DG Hyp. Tax adviser in this transaction was Berwin Leighton Paisner, legal adviser for Hotusa was Belmont Legal.
The Eurostars Book Hotel opened in September 2012 and from the opening the performance of the hotel has been extremely good compared with the competitors. The Hotusa Hotel Group operates a hotel reservation platform of independent hotels, including more than 2,600 hotels in over 50 countries, that currently is ranking as No. 1 among the Hotel consortia of the world, according to the latest HOTELS magazine ranking. Furthermore, its Management Company runs successfully 138 hotels, thereof six in Germany.
For the years ahead Hotusa plans a further expansion in Germany especially with the Eurostars and EXE brands. Hotusa and Collineo will continue their cooperation for further projects.
In January Collineo Group successfully closed a sale and leaseback transaction for the Spanish hotel operator Hotusa with respect to the 4-star hotel Eurostars Grand Central located nearby Munich central station.
Collineo structured the transaction, arranged the long-term financing and is administrating the special purpose vehicle that owns the hotel. The acquisition of the hotel property was inter alia financed by DG Hyp. Legal and tax adviser for Collineo in this transaction was Berwin Leighton Paisner, legal adviser for Hotusa was Belmont Legal. The Eurostars Grand Central Hotel opened in September 2009 and from the opening the performance of the hotel has been extremely good compared with the competitors. The Hotusa Hotel Group operates a hotel reservation platform of independent hotels, including more than 2,600 hotels in over 50 countries, that currently is ranking as No. 1 among the Hotel consortia of the world, according to the latest HOTELS magazine ranking. Furthermore, its Management Company runs successfully 128 hotels, thereof five in Germany. For the years ahead Hotusa plans a further expansion in Germany especially with the Eurostars and EXE brands. In this respect Hotusa and Collineo agreed to continue their cooperation.
On behalf of a German property developer, in February 2014 Collineo successfully arranged mezzanine funding for the client. The innovative bond structure was solely arranged by Collineo and acquired by German and international investors. In terms of tax and legal questions Collineo had been advised by the law firm Berwin Leighton Paisner.
The proceeds of the transaction are being used to finance the construction period of a residential development project. The development consists of 33 apartments with around 5.600 square metre in total.
Any proceeds not used for the project development will be used for general financing purposes of the property developer. This allows an expansion of the company´s general business activities.
For the expansion of business activities and issuance of additional mezzanine financing for new projects, the company and Collineo are planning to continue their cooperation.