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In the HIH Group, 904 real estate experts at eleven locations manage properties and investments throughout their lifecycle with dedication, reliability and motivation. Our clients benefit from the comprehensive service range, quick decision-making and close cooperation between departments.
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The HIH Group



Warburg-HIH Invest Acquires “Square One” Office Property in Vienna


Warburg-HIH Invest Acquires “Square One” Office Property in Vienna

  • Multi-tenant property with around 31,450 square meters of lettable area
  • Seller is STRABAG Real Estate Austria
  • Property is ESG compliant and DGNB Platinum certified

Hamburg, 07 September 2021 – – Warburg-HIH Invest Real Estate (“Warburg-HIH Invest”) just acquired an office property in Vienna in the form of a club deal on behalf of two institutional German investors. The property was sold by STRABAG Real Estate Austria. The multi-tenant property, which includes a retail component, is located in the 19th district (Döbling) in the northern part of Vienna, and has a total lettable area of around 31,450 square meters. Completed in 2018, the property currently enjoys an occupancy rate of 91 percent. Its office tenants include the globally operating Zurich insurance group, the AOP Orphan pharmaceutical company, and Spaces, a provider of flexible workplace solutions. Retail and gastronomy units take up about five percent of the lettable area. Tenants also have the use of 354 car parking spaces. Warburg-HIH Invest acquired the property via a share deal. It was agreed not to disclose the selling price.

Matthias Brodesser, Head of Transaction Management International at Warburg-HIH Invest, said: “Vienna’s office market has proven stable and crisis-resistant. Since the inner-city districts report a vacancy rate below two percent, which is virtually synonymous with full occupancy, northern Vienna has gained in attractiveness. With its convenient transport links, the site is equally attractive to established businesses, start-up companies, and educational and research institutions. Vienna’s office market has so far remained undaunted by the pandemic: In 2020, it registered the second-highest office net absorption anywhere in Europe.”

Over the next few years, the surrounding area will be further upgraded by the planned implementation of the Muthgasse urban quarter, currently one of Vienna’s largest urban development areas. “STRABAG Real Estate became aware of the site’s potential early on, and paved the way for this strategically important business park. Square One is a showcase project with environmental, economic and socio-cultural value-added. We are delighted that the Austrian Sustainable Building Council (ÖGNI) awarded our project the DGNB Certificate in the Platinum category,” said Erwin Gröss, Managing Director of STRABAG Real Estate Austria. The close proximity to the “Heiligenstadt” underground station and to the A23 motorway provides direct transportation access to downtown Vienna both by public and private transportation.

“With its high specifications and flexible units between 250 to 5,000 square meters which easily can be customised to meet tenants’ bespoke requirements, Square One accommodates any modern type of office,” added Sebastian Pende, Head of Branch Office Vienna at Warburg-HIH Invest Austria. The retail units (including a Billa supermarket, a Raiffeisenbank, and two food outlets) supplement the use concept by adding complementary functions to the site. “STRABAG Real Estate has found a very reliable and strategically important partner for future deals in Warburg-HIH Invest. So, we very much look forward to our future collaboration,” said Erol Milo, Head of the Commercial Real Estate Division at STRABAG Real Estate Austria.

The legal due diligence was carried out by DORDA Rechtsanwälte GmbH, a law firm based in Vienna. The tax and financial due diligence assessments were done by the tax consultancy TPA Steuerberatung GmbH in Vienna. Alpha & Partner Immobilien Consulting GmbH in Vienna was hired to conduct the technical and ESG audits. EHL Investment Consulting GmbH in Vienna undertook the commercial due diligence.

“Vienna’s office market has proven stable and crisis-resistant. Since the inner-city districts report a vacancy rate below two percent, which is virtually synonymous with full occupancy, northern Vienna has gained in attractiveness. With its convenient transport links, the site is equally attractive to established businesses, start-up companies, and educational and research institutions. Vienna’s office market has so far remained undaunted by the pandemic: In 2020, it registered the second-highest office net absorption anywhere in Europe.”

Matthias Brodesser, Head of Transaction Management International Warburg-HIH Invest

„“With its high specifications and flexible units between 250 to 5,000 square meters which easily can be customised to meet tenants’ bespoke requirements, Square One accommodates any modern type of office,”“

Sebastian Pende, Head ofBranch Office Vienna Warburg-HIH Invest

“STRABAG Real Estate became aware of the site’s potential early on, and paved the way for this strategically important business park. Square One is a showcase project with environmental, economic and socio-cultural value-added. We are delighted that the Austrian Sustainable Building Council (ÖGNI) awarded our project the DGNB Certificate in the Platinum category.”

Erwin Gröss, Managing Director STRABAG Real Estate Austria

“STRABAG Real Estate has found a very reliable and strategically important partner for future deals in Warburg-HIH Invest. So, we very much look forward to our future collaboration.”

Erol Milo, Head of the Commercial Real Estate Division STRABAG Real Estate Austria



Warburg-HIH Invest Acquires its First Properties for New Residential Real Estate Investment Fund in Hanau


Warburg-HIH Invest Acquires its First Properties for New Residential Real Estate Investment Fund in Hanau

  • Follow-up acquisitions in the triple-digit millions already contractually secured for the fund
  • Residential development consists of four buildings with 78 units
  • Seller is property developer Kleespies
  • Completion scheduled for fall of 2023

Hamburg, 31 August 2021 – Warburg-HIH Invest Real Estate GmbH (“Warburg-HIH Invest”) just acquired a residential development in Hanau on behalf of its institutional fund, “Warburg-HIH Deutschland Wohnen Invest.” It was sold by property developer Kleespies. The property is located in the district of Lamboy and will provide 78 residential units on a total lettable area of around 6,460 square metres. The four residential buildings to be created on Chemnitzer Str. 8 and Francoisallee 6-10 will be supplemented by 96 underground car parking spots. The completion is scheduled for the fall of 2023. Warburg-HIH Invest acquired the property through an asset deal within the framework of a forward funding arrangement. It was agreed not to disclose the selling price.

“Mere weeks after launching our latest residential investment fund, we were able to buy an attractive seed portfolio through this acquisition. Moreover, we contractually secured follow-up acquisitions with price tags in the triple-digit millions. This means that a major share of the 190 million euros we collected in the fundraising phase has already been invested,” said Nadine Robra, Team Leader Transaction Management Germany at Warburg-HIH Invest.

The fund will target an investment volume of approximately 400 million euros. It is planned to yield a dividend of 3.25 to 3.75 percent annually. As an institutional fund, it is intended mainly for regional banks and savings banks. The minimum subscription amount is five million euros. “This is an ESG strategy product in accordance with Article 8 of the Sustainable Finance Disclosure Regulation. The fund’s investment focus is both on standing residential properties and new-build housing developments in fast-growing residential locations inside metro regions and in stable standalone regions.

“The acquisition in Hanau meets all of our ESG criteria for the investment fund: a sustainable energy standard for the flats, and a family-friendly residential location with shopping venues, educational facilities and day nurseries close at hand,” added Tom Kircher, Fund Manager at Warburg-HIH Invest.

About 40 percent of the flats are planned as 2-bedroom flats with footprints of 56 to 88 square metres and flexible layout designs. Almost 60 percent of the units will be implemented as family-friendly 3- to 4-bedroom flats of varying dwelling sizes, ranging from 74 to 135 square metres. All of the flats will come with balcony or (roof) terrace. The flats will be hooked up to Hanau’s municipal district heating network, and feature underfloor heating. The buildings will meet the German KfW-55 sustainability standard (“Effizienzhaus 55”).

Klaus Niewöhner-Pape, member of the Investment Committee Residential at Warburg-HIH Invest, elaborated: “We welcome this investment as model example for the further fund build-up. In addition to the ESG aspects taken into account, the market-consistent concept design will deliver the intended performance for our investors.”

Lamboy is an up-and-coming district of Hanau. A small-scale settlement structure, convenient access to the central railway station and inner city, and diverse new-build construction projects in the vicinity are driving the ongoing development of the district. The acquired development is located on a pedestrianised street directly across from a primary school and adult education centre.

The city of Hanau, being part of the Rhine-Main metro region, has excellent regional and inter-regional motorway access, and is frequented by high-speed trains with service connections to destinations nationwide. Hanau also has a strong economic structure, being home, for instance, to the headquarters of the globally renowned tyres manufacturer Goodyear Dunlop and of the German technology conglomerate Heraeus.

Legal advice for the transaction was provided by the law firm of Heussen in Munich.

“Mere weeks after launching our latest residential investment fund, we were able to buy an attractive seed portfolio through this acquisition. Moreover, we contractually secured follow-up acquisitions with price tags in the triple-digit millions. This means that a major share of the 190 million euros we collected in the fundraising phase has already been invested.”

Nadine Robra, Team Head Transaction Management Germany Warburg-HIH Invest

“The acquisition in Hanau meets all of our ESG criteria for the investment fund: a sustainable energy standard for the flats, and a family-friendly residential location with shopping venues, educational facilities and day nurseries close at hand.”

Tom Kircher, Fund Manager Warburg-HIH Invest

“We welcome this investment as model example for the further fund build-up. In addition to the ESG aspects taken into account, the market-consistent concept design will deliver the intended performance for our investors.”

Klaus Niewöhner-Pape, Member of the Investment Committee Residential Warburg-HIH Invest



Warburg-HIH Invest Acquires “Milestone 4” Property Development in Freiburg


Warburg-HIH Invest Acquires “Milestone 4” Property Development in Freiburg

  • Office property with around 8,550 square metres of total lettable area
  • Asset is earmarked for the “Deutschland Selektiv Immobilien Invest II” ESG fund
  • Seller is STRABAG Real Estate GmbH
  • Completion scheduled for Q2 2023

Hamburg, 3 August 2021 – Warburg-HIH Invest Real Estate (“Warburg-HIH Invest”) just acquired the “Milestone 4” property development in Freiburg im Breisgau from STRABAG Real Estate GmbH. The property, which is also known as JobRad-Campus-Süd, occupies a central location on Heinrich-von-Stephan-Strasse close to the city’s central railway station. Following its completion, the office property will have a total lettable floor area of around 8,550 sqm. The “Milestone 4” is fully occupied by JobRad GmbH on a ten-year lease that includes two renewal options. Ever since it was formed in 2008, the company has specialised in providing company bicycles as an alternative to company cars across Germany. The company’s roots and main place of business are in Freiburg. The transaction took the form of an asset deal that Warburg-HIH Invest closed on behalf of “Deutschland Selektiv Immobilien Invest II,” an ESG-compliant property fund organised in line with Article 8 of the Sustainable Finance Disclosure Regulation (OffV). It was agreed not to disclose the selling price. Completion of the project is scheduled for the second quarter of 2023. The company will seek a DGNB Gold certification for it.

“The asset at hand is a fully occupied property development centrally located in Freiburg. The high quality of building and accommodation, the modern specification and the flexible floor plan structure all recommend this new-build construction, which boasts a high alternative use potential. JobRad, who will occupy the premises on a long-term lease, has a sustainable business model and a blue-chip credit rating,” said Nadine Robra, Team Head Transaction Management Germany at Warburg-HIH Invest. “We were able to secure this high-end asset within the framework of an off-market deal and a forward-funding structure. With an attractive cash-on-cash return of about 4.2 percent annually, the investment will generate a stable cash flow for our institutional investors,” Nadine Robra went on to say.

The “Warburg-HIH Deutschland Selektiv Immobilien Invest II” property fund invests in offices in major, fast-growing cities in Germany. “This is an ESG strategy product in accordance with Article 8 of the Sustainable Finance Disclosure Regulation,” said Tilman Kaminsky, Fund Manager at Warburg-HIH Invest. “Through this acquisition, we managed to secure an environmentally sustainable asset that is perfect for building up an energy-efficient portfolio. It is an investment promising stable long-term cash-on-cash returns for the fund.”

The “Milestone 4” will provide a mix of co-working and open-space units, individual and multi-person offices along with conference rooms and think tank spaces. Groundwater source heat pumps, ventilation and extraction systems that include heat recovery, and a roof area with extensive greening reduce the environmental impact of the building. It also comes with highly convenient access for public and private transportation, while also being within easy reach of neighbouring countries France and Switzerland. The property is part of a larger neighbourhood development of 47,500 square metres of lettable area in direct proximity to Freiburg’s railway station. Other established market players have settled in the immediate vicinity.

The technical and environmental due diligence (TEDD) was performed by Drees & Sommer SE, the same company that undertook the ESG due diligence. The legal and tax due diligences for the buyer side were carried out by Ashurst LLP.

“The asset at hand is a fully occupied property development centrally located in Freiburg. The high quality of building and accommodation, the modern specification and the flexible floor plan structure all recommend this new-build construction and its high alternative use potential. Not least, the tenant who will occupy it on a long-term lease, JobRad, has a sustainable business model and a blue-chip credit rating.”

Nadine Robra, Team Head Transaction Management Germany Warburg-HIH Invest

“This is an ESG strategy product in accordance with Article 8 of the Sustainable Finance Disclosure Regulation. Through this acquisition, we managed to secure an environmentally sustainable asset that is perfect for building up an energy-efficient portfolio. It is an investment promising stable long-term cash-on-cash returns for the fund.”

Tilman Kaminsky, Fund Manager Warburg-HIH Invest