DGAP-News: VERIANOS SE
/ Key word(s): Acquisition/Real Estate
VERIANOS SE - VERIANOS European Opportunities Fund acquires commercial real estate portfolio in Barcelona
Cologne/Frankfurt am Main, 27 November 2020 - VERIANOS SE, the listed real estate company (ISIN DE000A0Z2Y48) focusing on value investments in the European small and mid-cap real estate segment, announces another acquisition of its VERIANOS European Opportunities Fund. In an off-market transaction, a portfolio of six fully let commercial properties with a lettable area of approximately 25,000 sqm in good to very good city center locations in Barcelona was acquired. The purchase was carried out as a sale-and-lease-back transaction. The objective of the acquisition is to convert the commercial properties into residential use and thus to increase value creation potential. The purchase is the second acquisition of the European Opportunities Fund, following the purchase of a fully let commercial property in a central location in Valencia from the same seller in July 2020. Ole Sichter, Managing Partner of VERIANOS SE responsible for transactions and assets: "With this strategically important acquisition, we are fully on track in building up the portfolio of the European Opportunities Fund. Once again, it paid off to be on site in Spain with our own team. Our presence gives us direct access to transactions and the execution of due diligence on site. As a value investor with a focus on properties with repositioning potential in Europe, we expect an increasing number of opportunities in the coming months." The first closing of the European Opportunities Fund, which was initiated together with the subsidiary VERIANOS Capital Partners GmbH as a BaFin regulated capital management company (KVG), took place in July 2020 with fund equity of EUR 20 million. The fund targets properties with value creation potential in Europe and invests with a volume of between EUR 2 million and EUR 20 million per investment. A special focus will initially be on the acquisition of properties in Germany and Spain. The target volume is EUR 50 million (fund equity), which will be used for investments in real estate projects with a total volume of around EUR 200 million. About VERIANOS VERIANOS is a listed real estate company (ISIN DE000A0Z2Y48) with headquarters in Cologne and offices in Frankfurt, Madrid, Milan and Valencia. The company sees itself as a real estate partner for family offices, high net worth individuals, institutional investors, fund initiators and financial institutions, connecting the real estate and capital markets. With its Investment and Advisory divisions VERIANOS realises customised investment products and sophisticated consulting and financing mandates for its clients. Services offered range from the development and structuring of investment products to the active management of the underlying assets. The focus lies on value investments in small & mid-cap properties as well as repositioning and restructuring concepts.
Contact: Financial and business press:
27.11.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
Language: | English |
Company: | VERIANOS SE |
Gürzenichstraße 21 | |
50667 Cologne | |
Germany | |
Phone: | +49 221 20046100 |
Fax: | +49 221 20046140 |
E-mail: | ir@verianos.com |
Internet: | www.verianos.com |
ISIN: | DE000A0Z2Y48 |
WKN: | A0Z2Y4 |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Basic Board), Hamburg, Stuttgart |
EQS News ID: | 1151029 |
End of News | DGAP News Service |
|
1151029 27.11.2020
The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.
The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.
If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.
For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.
1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.