Warburg-HIH Invest Achieves IRR of 6.4 Percent in Fund Property Sale in Düsseldorf



Hamburg/Düsseldorf, 03. July 2018 – Warburg-HIH Invest Real Estate just sold an office property in Düsseldorf to PATRIZIA Immobilien AG on behalf of its “Pan-Europa-Fonds Nr. 3” investment fund. Raised in 1893 and revitalised in 2008, the “Ideenbotschaft” building—literally the “Embassy of Ideas”—has a gross lettable area of 12,700 square metres plus 127 parking spots and is fully occupied. Head tenant is the marketing agency Grey Düsseldorf GmbH. During the ten-year hold period, a 20-percent increase in annual rental income was achieved by restructuring floor areas and lease agreements. The overall performance of this investment following its sale was around 6.4 percent p.a. (IRR). “In a currently very dynamic investment environment, our successful asset management resulted in an excellent return on investment for our investors,” said Hans-Joachim Lehmann, Managing Director of Warburg-HIH Invest. The sale was brokered by BNP Paribas Real Estate. It was agreed not to disclose the selling price.



The investment fund was launched in 2005 and currently owns a real estate portfolio worth 275 million euros. The fund is approaching the end of its planned lifetime of 15 years. Warburg-HIH Invest is taking advantage of the favourable market environment to seize exit opportunities and has started to sell off the portfolio assets.




“In a currently very dynamic investment environment, our successful asset management resulted in an excellent return on investment for our investors.”

Hans-Joachim Lehmann, Managing Director in charge of Transaction Management Germany

Warburg HIH Invest



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Susanne Edelmann

Head of Corporate Communication

T  +49 40 3282-3390 E  sedelmann@hih.de

Sandra Quellhorst

Deputy Head of Corporate Communication

T  +49 40 3282-3393 E  squellhorst@hih.de