HausInvest
| hausInvest | |
|---|---|
| Fund manager | Commerz Real Investmentgesellschaft mbH (CRI) |
| Fund type | Open real estate fund |
| Fund volume | 15.7 billion euros |
| Investors | over 800,000 |
| Rental space | approx. 2.7 million m² |
| Occupancy rate | 95.5% |
| Website | hausinvest.de |
| was standing | December 31, 2019 |
HausInvest ( spelling hausInvest ) is a distributing open real estate fund for private investors of Commerz Real . The fund has existed since 1972 and, with over 800,000 investors, is one of the largest and oldest funds of its kind in Europe. The fund's assets amount to 15.7 billion euros.
history
The fund issued the first share certificates on Friday, April 7, 1972. Around 1.5 million shares worth the equivalent of 36.3 million euros were placed in less than six months. In the first year the fund's assets amounted to 53 million euros and the number of investors was 750. In the following years the fund grew steadily.
In 1983, after three years of severe recession, hausInvest achieved its best sales result since the fund was launched. The net inflow of around 85 million euros (previous year: 13 million euros) opened up new investment opportunities for fund management. The fund's assets rose by around 93 million to 294 million euros.
The first foreign investment was made in 1995 with the purchase of the Milton & Shire House office property in London. Acquisitions in the Netherlands, France, Italy, Sweden, Austria, Portugal, Belgium and Spain were added in the following years.
At the turn of the millennium, hausInvest had more than 280,000 investors and the fund volume was 5.1 billion euros, which is equivalent to ten billion D-Marks. During this time it was considered the largest open real estate fund in Europe.
The fund continued to generate positive returns even during the financial crisis and the fund volume rose to over 11 billion euros (2011).
At the end of 2019, the fund had more than 800,000 investors and fund assets of 15.7 billion euros. It is invested in Germany and 15 other countries.
Fund manager
The fund is offered as a supervised real estate investment fund by Commerz Real Investmentgesellschaft mbH (CRI) , a subsidiary of Commerz Real AG , as a capital management company under the Capital Investment Code (KAGB) .
Commerz Real is the asset manager for real asset investments within the Commerzbank group . The company manages total assets of 33 billion euros and employs around 730 people at 19 locations in Germany and abroad.
Real estate portfolio
Well-known properties in the hausInvest portfolio include a. the Frankfurt hybrid towers One Forty West and Onmiturm , the Neue Direktion Köln , the HighLight Towers Munich and the largest inner-city shopping center in Europe, Westfield London (240,000 m² sales area).
In 2019, the fund acquired the entire real estate portfolio of Generali Lebensversicherung , which consists of 49 office, residential and retail properties in prime locations in German cities ("Millennium Portfolio"). The transaction is considered to be the largest package purchase of real estate in the history of the Federal Republic of Germany. With the portfolio, the fund increased the number of its properties by half in one fell swoop.
At the end of 2019, the fund held a total of 127 properties; mainly in the areas of retail (40.5%) and office (40.3%). hausInvest is predominantly invested in Germany (42.3%); the United Kingdom (16.1%) and France (8.4%) are the most important markets in other European countries; 14.4% of the real estate portfolio is outside Europe (including the United States , Singapore , Australia ).
Fund distribution
The fund is sold through the banks of the Commerzbank Group and many other banks, cooperative banks and savings banks.
In addition to the classic purchase via the bank advisor, fund shares can also be purchased directly via the hausInvest website since 2015 ; administration is carried out via an online deposit account managed independently by the investor at Fidelity International .
Legal bases
Since the Capital Investment Code (KAGB) came into force on July 22, 2013, fund units acquired from this point in time have been subject to a two-year minimum holding period and a twelve-month notice period. The termination can, however, already take place during the minimum holding period, so that the terminated investment amount is generally available immediately after the minimum holding period has expired.
The background to the regulation by the KAGB is comprehensive investor protection : The minimum holding and notice period gives the fund management greater planning security with regard to the liquidity required in the fund . For example, it was ensured that large investors could not unintentionally withdraw their money from the fund. This stabilizes the entire market and strengthens the character of open real estate funds as long-term investments.
Web links
Individual evidence
- ↑ a b c d Facts & Figures. Retrieved January 19, 2020 .
- ↑ a b c d e Everything about hausInvest. Retrieved January 19, 2020 .
- ↑ FOCUS Online: Hausinvest Europa - real heavyweight. Retrieved January 19, 2020 .
- ↑ About us. Retrieved January 19, 2020 .
- ↑ boerse.ARD.de: Commerz Real acquires "Millennium Portfolio" | Aktien News. Accessed January 5, 2020 .
- ↑ Commerz Real: Hot autumn for the real estate fund Hausinvest. Retrieved January 19, 2020 .