NAS Invest Group, the property investor and asset manager based in Berlin and Frankfurt/Main, continued to grow over the first half of 2017. Thanks to the Luxembourg-based joint venture BR-NAS German Mittelstand Properties founded together with BlueRock Group, NAS Invest will now offer AIFMD-compliant real estate investments and funds, targeting not only private wealth managers and high net worth individuals but also increasingly institutional investors.
As of 30/06/2017, the company had €225m in assets under management (AUM). In addition to sales with a total volume of approximately €200m, properties for €75m have been added to the portfolio.
The inception of the “BR-NAS German Mittelstand Properties RAIF-SICAV” which launches the new fund series “German Mittelstand Properties” has been at the centre of NAS Invest’s activities in the first half of 2017. The fund enables qualified international and domestic investors to access a diversified portfolio of German commercial properties and invests equity in the amount of EUR 100 million in office buildings and health centres from the small and mid-sized (SME) sector of the economy across Germany’s metropolitan regions. The joint venture of BlueRock Group and NAS Invest already acquired office properties in Dortmund, Wiesbaden and Berlin for a total €40m on behalf of the fund.
During the second half of 2017, NAS Invest will target additional acquisitions for the fund‘s portfolio; the due diligence for the purchase of properties for a total €50m is already well under way.
“Our acquisition activities continue to focus mainly on commercial SME properties with a diversified tenant mix that offers a healthy risk/return profile and stable cash flows particularly in today’s tight market,” said Nikolai Dëus-von Homeyer, managing partner of NAS Invest.
NAS Invest strengthened its corporate structures in Q2 2017 with the foundation of an advisory board comprised of the renowned property experts Dieter Becken, Steffen Ricken and Oliver Zimper, who will advise senior management on an ongoing basis.