Acquisition Profile and investment criteria
Germany
Asset class
- Residential (max. 20% commercial area)
Macro-Locations
- Berlin/ Brandenburg: surrounding regions Berlin/ Potsdam/ Cottbus/ Brandenburg (Havel) as well as locations starting from 20,000 inhabitants
- North Rhine-Westphalia: Rhine-Ruhr metropolitan region
- Thuringia: Erfurt/ Weimar/ Jena/ Gotha
- Saxony-Anhalt: Halle (Saale)/ Magdeburg/ Dessau
- Saxony: surrounding regions Leipzig / Dresden/ Chemnitz as well as locations starting from 20,000 inhabitants
- Mecklenburg-Western Pomerania: Rostock/ Greifswald/ Stralsund/ Neubrandenburg/ Schwerin
- Schleswig-Holstein: Kiel/ Lubeck/ Flensburg/ Neumunster
- Lower Saxony: surrounding regions Hamburg/ Bremen/ Hanover/ Brunswick/ Wolfsburg/ Oldenburg/ Osnabruck/ Delmenhorst/ Luneburg as well as locations starting from 20,000 inhabitants
Micro-Locations
- Good macroeconomic fundamentals
- Good-to-very-good micro location
- no special hot spots
Investment volume
- Locations where TAG Immobilien AG Group is already present: starting from 150 residential units
- Other locations: starting from 250 residential units
Transaction structure
- Asset or Share Deal
Building structure
- Renovated or partially renovated
- No interest in purely renovation projects that are not rentable at the time of acquisition
Other
- Focus on portfolio with development potential
- Prefabricated buildings as well as a high vacancy rate are not impediment to acquisition
- In principle, possible participation in public auctions of property by court order and bidding processes
- Hereditary building rights and privatised inventories are not being targeted
- No interest in building plots or participation in development projects
Poland
Asset class
- Residential
- New buildings in polish development standard as well as turnkey finishing (incl. fit-out)
- Existing buildings
- Each at least 80% in one ownership structure
- max. 20% commercial use
- Land plots which are designated for residential use
Macro-Locations
- Warsaw/ Wroclaw/ Poznan/ Lodz/ Tri-City/ Krakow/ Katowice
- University cities starting with 100,000 inhabitants in Western Poland, predominantly in the West Pomeranian, Lebusz, Lower Silesia and Greater Poland Voivodeships
Micro-Locations
- Urban areas with good infrastructure
- Sustainable rental locations
Investment volume
- Starting from 100 residential units
Transaction structure
- Asset or Share Deal
- Forward Purchase Transaction
Building type
- Development projects - new building quality
- Not refurbished or refurbished existing buildings
Other
Possible participation in acquisitions through public auctions and bidding procedures
Contact
Marcel Wiebach
+49 (0) 30 52 00 54 210
marcel.wiebach(at)tag-ag.com