Offices have great potential’: Nikolai Dëus von Homeyer, NAS Invest
Nikolai Dëus von Homeyer, Managing Partner, NAS Invest, tells PropertyEU why they are selling residential, which is at its peak, and investing into offices in secondary markets in Germany. watch now: https://www.youtube.com/watch?v=TI9OHGtsE7I
30.11.2017 NAS Invest und BlueRock kaufen Büroimmobilien für 25 Mio. Euro
Das Luxemburger Joint Venture BR-NAS von NAS Invest und BlueRock Group hat für den Fonds „BR-NAS German Mittelstand Properties RAIF-SICAV“ je eine Gewerbeimmobilie in München und Hamburg erworben. Damit umfasst das Fondsportfolio nun vier Immobilien mit einem Volumen von ca. 60 Millionen Euro. Die Mieter in den Immobilien sind vorwiegend Unternehmen des deutschen Mittelstands. „Damit passen die Immobilien perfekt zum Ankaufsprofil des Fonds, welcher ein Höchstmaß an Diversifikation bei einer gleichzeitig attraktiven Ausschüttungsrendite ermöglicht“, sagt Nikolai Dëus-von Homeyer, Managing Partner von NAS Invest. Der Fonds legt seinen Fokus auf durch mittelständische Unternehmen genutzte Gewerbeimmobilien mit einem breitgefächerten Mietermix, die ein gutes Rendite-Risiko..
More office jobs in some B markets than in large cities
The number of office employees in the German “B” markets will rise to become, in parts, just as strong or even stronger than in some of the top-7 markets in the next five years. This was found in a study by the consulting firm Wüest & Partner on behalf of TLG. The strongest growth in office-worker numbers analyzed in 27 B markets is expected to occur in the cities of Ulm (5.6%), Leipzig and Braunschweig (5.5% each) and Heidelberg (5.2%). In comparison, the prognosis for Munich is also at 5.6%, with less growth seen in Stuttgart, Hamburg and Düsseldorf (5% each), and Frankfurt (4.5%). Of all German cities, Berlin leads with 5.9% growth. The annual expected need for additional space in the B markets was also examined. Here, the front runners are Leipzig (31,000 sqm), Dresden (28,00..
No crash in sight – unless politics interferes
No decline is predicted for German residential and commercial real estate in the next two years, despite enormous price increases. This view is held by nearly all of the companies surveyed for the Immobilienscout24 Real Estate Index, drawn up by the Cologne Institute for Economic Research (IW). 90% of those surveyed see the probability of a 20% drop in prices in the residential sector as being low to minimal. Just 4% give it a high probability, and 6% see it as 50/50. The same goes for the office segment; the probability of a crash in the retail segment is rated somewhat higher. According to IW, politics poses the largest risk of causing decline in the residential real estate market, for example if rent controls should be tightened after the German elections. Meanwhile, the overall index f..
The German Mid-Market Sector from a Property Investor’s View
Nikolai Dёus-von Homeyer of NAS Invest The German Mid-Market Sector from a Property Investor’s View A fine example of a German city defined by the mid-market sector and rarely on the radar of investors is Dortmund (shown here). Located at the east end of the Ruhr, it retains a strong industrial core that is rooted in the city’s history. Although demand for real estate has surged in Germany’s B- and C-class cities over the past years, they have yet to emerge from the shadow of the so-called “Big Seven” cities. Nikolai Dёus-von Homeyer, Managing Partner of NAS Invest, explains how the fortes of Germany’s middle-market structure could be adapted for a real estate investment strategy that is attractive for domestic and international investors. Nikolai Dёus-vo..
NAS Invest: Looking farther afield does pay off for investors
NAS Invest: Looking farther afield does pay off for investors (Source: IPE Institutional Investment, Barbara Ottawa, 26/04/2017) So-called grade B cities offer better opportunities at lower risks. “Properties may still prove compelling investments, even if they are located beyond the borders of a certain city,” stressed Nikolai Dëus-von Homeyer, Managing Partner at NAS Invest, at the very outset of the conversation with our editors. “Especially towns within the commuter belt of large cities benefit from the developments in these centres.” According to a recent study by the Central Property Committee (Zentraler Immobilienausschuss, ZIA), only 5% of office space is vacant in Germany’s 7 leading cities Berlin, Düsseldorf, Frankfurt am Main, Hamburg, Cologne, Munich and Stuttg..
Locations outside the Top 7
Analyses of Germany's real estate market from an international perspective are often misguided, finds Nikolai Dëus-von Homeyer, Managing Director of NAS Invest. Despite the high prices quoted in some of the “Big Seven” cities, foreign investors continue to focus on these hubs. But unlike countries with a centralised set-up, such as France or the United Kingdom, the unique polycentric economic structure of Germany creates enormous opportunities even and especially outside the major cities. Nikolai Dëus-von Homeyer is a Managing Partner of NAS Invest and in charge of strategy, product development and financing. NAS Invest is a real estate investor and asset manager based in Berlin and Frankfurt am Main. The property company has more than 350 million euros in real assets ac..
Opportunities for Multi-Tenant Properties
Digitalization and flexibilisation are more than mere trends. They are code words for the fact that our way of living and working will be changing fundamentally in the decades to come. This will also impact how single- and multi-tenant properties will be assessed in the future. BY NIKOLAI DЁUS-VON HOMEYER In the digital information society, private life and the working world are increasingly melding together. Where we perform our work is no longer important. High-performance mobile end devices, communications networks and work in the Cloud are making this mobility possible. The demands being placed on employees are also changing in the era of Fourth Labour Revolution. Companies have to adapt much faster to developments and/or are helping to define them. In highly volatile markets, b..
Credit Suisse – Berlin- Europe’s New Start-Up capital
Low rents are attracting talented young people and company founders to Berlin. Over two billion dollars were invested there in 2014, in e-commerce and financial technology among other things. A situation report. A small white robot with a childlike expression on its computer screen face circles uncertainly around the courtyard and is photographed by an excited group of women entrepreneurs. Curious investors wander around between the standing tables made of old oil drums on the site of the old carpet factory in eastern Berlin. Young entrepreneurs sit on wooden pallets and improvised sofas. In a beer tent, 3D printers chatter away.Tech Open Air (TOA ) is the Berlin start-up scene's annual summer festival. Low Rents Are Attracting Talent to Berlin In the last few years, Berlin has bec..
German Residential Breakfast: Value still exists across risk profiles, assets
PIE’s German Residential Property Breakfast in Berlin assembled five experts to discuss the theme: Does German rental housing still offer value? Is Berlin the best regional market? Held at the offices of law firm Olswang, PIE welcomed (left to right) Nikolai Dëus-von Homeyer, Managing Partner at Berlin’s NAS Invest; Marcus Eilers, Head of German Asset Management for Round Hill Capital, based in Berlin; Andrew Groom, Head of Valuation & Transaction Advisory, JLL, based in Frankfurt; Michael Schleich, Managing Director at Frankfurt-based Corestate Capital Advisors; and Peter Schorling, Olswang Partner and Head of Corporate/M&A Germany, based in Berlin. Cornelia Yzer, Berlin Senator for Economics, Technology and Research, welcomed the PIE Breakfast to the German capital. The..
German B-cities, suburbs are offering good opportunities
With housing supply having become scarce in the largest German conurbations for both investors and tenants – and development activity not set to bridge that gap any time soon – B-cities and the suburbs are the places to invest at the moment, the panel agreed. “Investors are actually forced to look into B-cities due to the lack of supply in A-locations,” Halwer told the audience. He noted that Bavaria is a particularly strong region for this kind of investment, with 11 of the 25 most attractive B-cities identified by Catella research located in the southern German state. “Munich is simply too expensive for large parts of the working population, so a lot of people have long commutes in from the suburbs.” Commuting into Berlin is currently made quicker from the surrounding Branden..
Development of property crowdfunding hinges on upcoming regulation
The future development of real estate financing via crowdfunding mainly hinges on the regulation that is bound to hit this relatively new phenomenon in Germany, participants at the PIE German Residential Property Breakfast said. “Crowdfunding is a grey market at the moment and it is often unclear what is actually allowed and what isn’t,” said Peter Schorling, chair corporate & securities Germany at Greenberg Traurig, during a lively discussion. “So, more often than not, these platforms just go ahead – much like tech start-ups such as Uber – and see if it works.” He noted that Greenberg Traurig is currently advising several companies seeking to establish a crowdfunding platform. “The interest rates expected by the investors on the platforms are very low, so the money is actu..