Warburg-HIH Invest Creates New Value-Add Unit

Office property investments worth 300 million euros planned

Acquisitions focus on Germany’s “Big Seven” cities

Unit to be headed by property development expert Daniel Werner

Hamburg, 29. April 2019 – Warburg-HIH Invest Real Estate (“Warburg-HIH Invest”) is in the process of setting up a new business unit and plans to invest 300 million euros in German office properties marked by value-add and rental upside potential before the end of the year. “In a dedicated effort, we will upgrade the properties, eliminate vacancies, bring them up to the market level within three to five years and dispose of them afterwards,” said Hans-Joachim Lehmann, Managing Director of Warburg-HIH Invest. “We will limit these activities to the Big Seven cities, which are subject to keen demand among investors and tenant leads.”

The new business unit will be headed by Daniel Werner (45). The new Head of Transaction Management Value Add Germany is transferring from HOCHTIEF Projektentwicklung where he most recently served as Head of Branch in Hamburg and had the overall responsibility for the operating activities in town. Werner brings more than 20 years of experience to the job and has been active in the property development sector for the past 14 years.

With its new business unit, Warburg-HIH Invest will expand its product spectrum, which so far used to be focused on properties of the core and core+ type. “Insurance companies, pension funds and superannuation schemes increasingly demand investment opportunities that will help them offset the current yield compression in the prime property segment,” said Alexander Eggert, Managing Director at WarburgHIH Invest.

“In a dedicated effort, we will upgrade the properties, eliminate vacancies, bring them up to the market level within three to five years and dispose of them afterwards. We will limit these activities to the Big Seven cities, which are subject to keen demand among investors and tenant leads.”

Hans-Joachim Lehmann, Managing Director

Warburg HIH Invest

“Insurance companies, pension funds and superannuation schemes increasingly demand investment 2/2 opportunities that will help them offset the current yield compression in the prime property segment.”

Alexander Eggert, Managing Director

Warburg HIH Invest