News

15. Januar 2020

news

Frank Schäfer is new Managing Director and Head of Business Development at Peakside

  • Board member responsible for investor relations and capital raising
  • Expansion of institutional business and broadening of client base
  • Diversification of the product range

Frankfurt, 15 January 2020 - Peakside Capital Advisors AG ("Peakside") has appointed Frank Schäfer as Managing Director and Head of Business Development. In this position, the 46-year-old has been responsible for investor relations and capital raising as well as product development since 1 January 2020. His focus lies on the expansion of the institutional business and a diversification of the product range.

Prior to joining Peakside, Schäfer was Managing Director at Tishman Speyer in Frankfurt, where he was responsible for establishing Tishman Speyer Investment Management KVG and expanding the institutional investment management business in Germany from 2017. Previously, he held various positions at Credit Suisse Group in Zurich and Frankfurt, including Global Head Product & Business Development of the Real Estate Investment Management Division and Managing Director of Credit Suisse Asset Management Immobilien KVG in Germany.

Stefan Aumann, founding partner of Peakside, says: "With Frank Schäfer, we have been able to win an experienced sales and product development specialist for our management team. He has a broad network of contacts among institutional investors built over many years. With his extensive experience, we will be able to expedite the further expansion and diversification of our institutional business."

Peakside, so far mainly active in the value-add and opportunistic risk classes, plans to expand offers in these segments as well as to increase its product range for core investments.
In addition to individual investment solutions for national and international institutional investors, plans for 2020 include the continuation of the successful PREF value-add fund series and product offerings in the core/core + segment.

About Peakside
Peakside Capital Advisors AG is a European investment manager which specialises in challenging real estate. The private-equity company manages assets worth over EUR 1.5bn on behalf of institutional investors. Peakside implements differentiated investment strategies tailored to specific investor needs, ranging from Core to Value-Add and Opportunistic. Peakside’s investment spectrum includes not only individual properties but also portfolios, distressed debt and real estate operating companies. The firm employs a team of more than 30 professionals in its offices in Frankfurt, Warsaw, Prague and Luxembourg.
www.peakside.com

Media contact:

Jürgen Herres
Partner
Feldhoff & Cie. GmbH
Eschersheimer Landstr. 55
60322 Frankfurt, Germany
phone: +49 69 2648677 240
mobile: +49 176 6073 8682

www.feldhoff-cie.de

Press release as PDF

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13. Januar 2020

news

Peakside and Partners Group secure a majority of the 'Omega-Portfolio'

  • Acquisition of 30 commercial real estate assets
  • Assets are located in major German cities or metropolitan areas as well as in the Paris and Amsterdam regions
  • Value-add potential through vacancy reduction and repositioning of assets

Frankfurt, 13 January 2020 – Peakside Capital Advisors AG (“Peakside”) and Partners Group, the global private markets investment manager (acting on behalf of its clients), have formed a joint venture and secured a portfolio of 30 commercial real estate assets, located in major German cities or metropolitan areas as well as in the Paris and Amsterdam regions. Sellers of the portfolio are Imfarr Beteiligungs GmbH and SN Beteiligungen Holding AG. The purchase price amounted to over EUR 550
million.

The 27 office and three logistics assets are part of the so-called 'Omega-Portfolio', which was last sold as recently as October 2019. The deal includes several assets in Munich, Hamburg and Stuttgart as well as in the metropolitan areas of Düsseldorf and Frankfurt. The Omega-House in Offenbach, which lent its name to the original portfolio, is not part of the acquisition. Boris Schran, Founding Partner of Peakside, states: “We have been interested in the Omega-Portfolio from the beginning. The transaction structure allowed us to secure the majority of the portfolio at our originally offered pricing. We see considerable upside potential for the assets. In particular, our joint venture plans the reduction of existing vacancies as well as repositioning of individual assets. The first measures are to be implemented shortly.”

Lars Kreutzmann, Co-Head Europe, Private Real Estate Europe, Partners Group, states: “This acquisition significantly expands our real estate portfolio in Germany and underlines the importance of the German market for us on a relative value basis. The portfolio benefits from attractive prime and secondary office locations and is a great fit with our value creation strategy, whereby we focus on properties that can benefit from repositioning with sufficient time and capital. We plan to undertake a multi-year value creation program to maximize value for our clients.”

About Peakside
Peakside Capital Advisors AG is a European investment manager. The private-equity company manages assets worth over EUR 1.0 billion on behalf of institutional investors. Peakside implements differentiated investment strategies tailored to specific investor needs, ranging from core to value-add and opportunistic investments in commercial and residential assets. Peakside’s investment spectrum includes single properties, developments as well as portfolios, distressed debt and real estate operating companies. The firm employs a team of more than 30 professionals in its offices in Frankfurt, Zug, Warsaw, Prague and Luxembourg.
http://www.peakside.com

About Partners Group
Partners Group is a global manager of private market investments with assets under management of EUR 80 billion (USD 91 billion) in the areas of private equity, private real estate, private infrastructure and private debt. The company manages a wide range of investment programs and tailor-made portfolios for international institutional investors. Partners Group is headquartered in Zug, Switzerland, with additional offices in Denver, Houston, Toronto, New York, São Paulo, London, Guernsey, Paris, Luxembourg, Milan, Munich, Dubai, Mumbai, Singapore, Manila, Shanghai, Seoul, Tokyo and Sydney. Partners Group has over 1,300 employees and is listed on the SIX Swiss Exchange (symbol: PGHN). The partners and all employees of Partners Group are significant shareholders in the company.

Press Contact:

Jürgen Herres
Partner
Feldhoff & Cie. GmbH
Eschersheimer Landstr. 55
60322 Frankfurt, Germany
phone: +49 69 2648677 240
mobile: +49 176 6073 8682

www.feldhoff-cie.de

Press release as PDF

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8. Juli 2019

press

ADVENTUM INTERNATIONAL ACQUIRES POZNAN FINANCIAL CENTER FROM PEAKSIDE CAPITAL

  • Last divestment for Peakside value-add separate account
  • Second tallest building in Poznan at 91 metres height
  • First investment for the Adventum QUARTUM real estate fund

Poznan, 8 July 2019. Adventum International, a Malta based boutique investment fund manager, has acquired the 18,000 sqm landmark and multi-award-winning office building Poznan Financial Center from Peakside Capital Advisors. The 16-storey, A-class office tower is fully leased to tenants such as Santander Bank, Medicover and Sonalake.

The transaction represents a milestone for both parties: It marks the final divestment for a value-add separate account managed successfully by Peakside. For Adventum, the acquisition is the first investment in the CEE region under its Adventum QUARTUM real estate fund.

Christopher Smith, heading the transaction with Peakside, commented that the sale is another successful transaction for Peakside in Poland and opens the company up to further investment activities in the country. “We will reinvest the freed capital in new opportunities in logistics and other asset classes. After successfully repositioning the asset over the past three years, we are glad to have found in Adventum a highly professional partner with a clear vision for the property.”

Andras Marton, director at Adventum International commented: “Our goal as a Mid-Cap fund manager is to further expand in the CEE region, where we have unparalleled experience in Poland, Hungary, Czechia and Romania. Under the Adventum QUARTUM fund which we recently launched we aim to deploy 250 million euro in the next 12 months in office and retail properties with special focus on Poland. We are glad to have undertaken the first such transaction with Peakside, a renowned fund manager.”

The Poznan Financial Center is located in the Stare Miasto district. Just on the outskirts of the historic city centre, it offers easy access to local amenities such as restaurants, cafés, shops or parks. Several bus and tram stations are in the immediate vicinity; the Poznan Glowny rail station is just over one kilometre away. Completed in 2001, the building was last refurbished between 2015 and 2018.

In the transaction, GreenbergTraurig advised the seller; BSWW, Value4Real, Zerafa Advocates and Deloitte the purchaser.

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Adventum Group, a group of boutique investment fund management companies focused on Central European real estate investments was founded in 2006 and is entirely owned by the management. It has been operating under the Alternative Investment Fund Managers Directive with fund management companies established in Valletta and Budapest, and a total AuM in excess of EUR 250 million. The Group’s personnel includes highly experienced real estate professionals with CFA, NRW and MRICS qualifications with a combined investment experience of 70+ years. The management has so far executed investments in the CEE region over a total value of EUR 1.5bn.

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Peakside Capital Advisors AG is a European investment manager which specialises in challenging real estate. The private-equity company manages assets worth over EUR 1.0bn on behalf of institutional investors. Peakside implements differentiated investment strategies tailored to specific investor needs, ranging from Core to Value-Add and Opportunistic. Peakside’s investment spectrum includes not only individual properties but also portfolios, distressed debt and real estate operating companies. The firm employs a team of more than 30 professionals in its offices in Frankfurt, Warsaw, Prague and Luxembourg.

www.peakside.com

Media contact Adventum:

ÖRDÖGH Bálint
Communications Consultant
M. +36 20 3633 022
E.

Media contact Peakside:

Jürgen Herres
Partner
Feldhoff & Cie. GmbH
Eschersheimer Landstr. 55
60322 Frankfurt, Germany
phone: +49 69 2648677 240
mobile: +49 176 6073 8682

www.feldhoff-cie.de

Press release as PDF

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12. Juni 2019

press

Peakside Income Fund I

Peakside Income Fund I brings together the best in institutional real estate investment and management with future proof technology that will advent a new era of investing. The fund will invest in Germany, one of the safest and most liquid real estate markets.

Link to investment portal to follow shortly.

For further information please contact :

Please find the official Press Release below:

Peakside launches real estate fund via blockchain-powered platform ScalingFunds

  • Safe and secure investment in the German real estate market
  • Future-proofing investments by utilising blockchain technology
  • Peakside Income Fund I is the first real estate vehicle to launch on the platform

Luxembourg/Berlin, 12 June 2019 – Peakside Capital Advisors AG (Peakside), a European investment manager, and Brickblock Digital Services GmbH (Brickblock), a funds-as-a-service technology platform, have teamed up to launch the first real estate fund via blockchain platform ScalingFunds. The cooperation has the strategic goal to utilise blockchain technology as a toolbox to simplify and set up the future of real estate investment.

“We are looking to utilise the advances in digital technology to increase liquidity and transferability in the real estate fund sector as well as to broaden our investor base,” said Stefan Aumann, Founding Partner of Peakside. “We can now offer our institutional-quality investment products at smaller minimum investment sizes to qualified investors who would otherwise not have the opportunity to invest with us. On top, we strongly believe the underlying blockchain technology provides additional investor security.” The fund shares are registered on the immutable blockchain as well as in an offline register with SANNE, a leading global provider of alternative asset and corporate business services.

The first real estate investment vehicle on the platform, which was launched today, is the Peakside Income Fund 1. The vehicle has an equity target of EUR 200 million and a focus on core and core-plus office properties across first- and second-tier cities in Germany. Asset sizes will range between EUR 15 and 75 million, with a maximum leverage of 50%. Over the fund’s lifetime, it is expected that distributions (excluding sales proceeds) will average a stable 4%.

The fund is targeting qualified, including institutional, investors worldwide and has a minimum investment ticket size of EUR 125,000. Peakside will approach investors through a mix of direct communications as well as working with distribution partners and financial advisors.

“I see enormous potential in digitising fund management processes,” said Jakob Drzazga, Chief Executive Officer at Brickblock. “However, the real impact of our blockchain-powered platform is far greater than efficiency gains and cost effectiveness. The ability to trade fund shares almost instantly creates a new segment between open-end and closed-end funds.” The platform allows fund investors to subscribe, access investment documents and sign contracts online on a self-checkout basis. Further functionalities will be added over time. Examples could be a transfer to external exchange platforms or additional reporting options.

About Peakside

Peakside Capital Advisors AG specializes in precision investment management of real estate across Europe. The private-equity company manages assets worth over EUR 1.0bn on behalf of institutional investors. Peakside implements differentiated investment strategies tailored to specific investor needs, ranging from Core to Value-Add and Opportunistic. Peakside’s investment spectrum includes not only individual properties but also real estate portfolios and operating companies. The firm employs a team of more than 30 professionals in its offices in Frankfurt, Warsaw, Prague and Luxembourg.

www.peakside.com

Media contact for Peakside:

Jürgen Herres
Partner
Feldhoff & Cie. GmbH
Eschersheimer Landstr. 55
60322 Frankfurt, Germany
phone: +49 69 2648677 240
mobile: +49 176 6073 8682

www.feldhoff-cie.de

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13. November 2018

press

Peakside and Madison sell Frankfurt Airport Center

The joint venture between the New York based investment company Madison International Realty (“Madison”) and the investment manager Peakside Capital AG (“Peakside”) has exchanged contracts for the sale of the shares in the office property Frankfurt Airport Center (“FAC”)

The shares are bought by a joint venture between Godewind Immobilien AG and ERWE Immobilien AG for approximately €168 million. The transaction which is structured as a share sale is expected to close by the end of this year.

The office property comprises a total rental space of around 48,000 sqm and 182 parking spaces and has a strong line up of tenants including Lufthansa, Fraport, Airport Club as well as several airlines and service providers. The asset is directly linked to terminal 1 of Frankfurt airport and located next to the ICE train station.

Peakside, which is responsible for the acquisition and the asset management, invested on behalf of the Peakside Real-Estate-Fund II (PREF II), while Madison made its investment through International Real Estate Liquidity Fund VI (MIRELF VI).

Along with the acquisition of the building from a UBS fund in September 2017 an extension of the fixed term of the leasehold with the airport operator Fraport AG for a further 30 years until 2090 was achieved. In addition, since acquisition new lease contracts for more than 10,000 sqm of office space have been concluded with new or existing tenants. As a result, the rental income for the building increased around 20% from around €8 million to around €10 million per year, while occupancy increased from 60% to 82%. Furthermore, the average lease term (WALT) has augmented to 6 years. An extensive planning and refurbishment program was launched providing redesigned new concepts for the public and rental spaces.

Boris Schran, managing partner of Peakside, commented: „Together with our local partners, my team could successfully finalize the asset management tasks shortly after the transfer of the property. This once more demonstrates the strengths in acquisition and implementation of Peakside. The asset now presents a long-term investment basis for the future owners.”

Matthias Cordier, Head of Investment Germany, Madison, added: „With our international team and our partner Peakside we could achieve the aims of our common business plan at an early stage. The positive course of this investment again underlines Madison’s strong track record in Germany.”

Company portraits

Peakside Capital (http://www.peakside.com) is a specialist European Investment Manager, owned by its management. It manages real estate assets currently totalling over EUR 1 billion in gross asset value with a focus on CEE and Germany. The company has offices in Frankfurt, Munich, Zug (CH), Warsaw, Prague and Luxembourg.

Peakside Capital provides fund management and investment advisory services for managed portfolios that include its four real estate funds and a significant number of separate account investments.

The investment strategies it pursues serve the individual requirements of its investors, and range from core to opportunistic across the office, residential, hotel and retail sectors. The investment spectrum comprises investments in single assets and portfolios through to distressed debt and investments in real estate operating companies.

Madison International Realty (www.madisonint.com) is a leading liquidity provider to real estate investors worldwide. With approximately $3.8 billion AUM, Madison provides joint venture and preferred equity capital for real estate owners and investors that are looking to de-lever their properties; seek an exit strategy; or where existing sponsors seek to sell a portion of their ownership position. The firm provides equity for recapitalizations, partner buyouts and capital infusions; and acquires joint venture, limited partner and co-investment interests as principals. Madison invests only in secondary transactions and focuses solely on existing properties and portfolios in the U.S., U.K., and Western Europe. Madison has offices in New York, London and Frankfurt, Germany, where the firm operates under the name of Madison International Realty GmbH.

Press release as PDF

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