English translation of the original German press release.
Arminius Group, an independent transaction, asset and fund manager with a focus on sustainable commercial real estate, has initiated distribution of the Arminius Impact Office Fund. The new sustainability investment fund for institutional investors is structured as an open-end special alternative investment fund (offener Spezial-AIF) investing exclusively in prime German office properties. Arminius Impact Office seeks out investment properties which not only meet this segment’s high standards of quality and location but also meet the fund’s exacting criteria in terms of architecture, size and space, technology, amenities and features, ensuring their prominent position in the market.
The Arminius Impact Office fund has been approved by German Federal Financial Supervisory Authority (BaFin) as an Article 9 Fund under the Sustainable Finance Disclosure Regulation (SFDR). As a sustainability fund, it aims to achieve significant reductions in CO2 emissions and energy consumption and to make an active and measurable contribution to environmental goals in accordance with Article 9 of Regulation (EU) 2020/852 (the “Taxonomy Regulation”). Arminius Impact Office will specifically focus on office investment properties in Germany’s “Big Seven” cities as well as other economically vibrant urban areas including Darmstadt, Dresden, Erlangen, Karlsruhe and Regensburg. The fund will consider properties starting from a ticket size of approx. EUR 80 million, with a total target portfolio size of up to EUR 1 billion in gross asset value and a target portfolio-level debt ratio of 50 per cent. The fund aims at both professional and semi-professional investors. HANSINVEST Hanseatische Investment-GmbH serves as the fund’s capital management company (KVG).
The fund’s investment decisions are based upon a management and reporting tool specially developed by Arminius which observes the EU taxonomy requirements and 1.5°C climate target of the Paris Climate Agreement while also carefully considering ESG criteria in a holistic and balanced way throughout the entire value chain – from the initial investment, throughout the entire asset management period, and all the way through to eventual sale.
“Our approach also ensures that the Social and Governance components receive proper attention,” adds Christian Molter, Managing Partner at Arminius. “We consider this as important because the ‘S’ and ‘G’ are not just footnotes to the ‘E’ in ESG but an integral part of long-term property sustainability and thus of major importance to real estate investors. Any asset manager who considers only the ‘E’ in ESG runs the risk of managing energy-efficient properties with high future vacancy rates. Over the long term, office properties that aim to be ‘sustainable’ purely through energy savings will deliver inferior investment returns.”
Disclaimer
Please refer to the brochure dated July 2022 for the full sustainability-relevant characteristics of the Arminius Impact Office Fund. Detailed ESG-specific information on the Arminius Impact Office Fund is available here. Furthermore, all characteristics and objectives of the investment fund as disclosed in the fund documentation and the key investor information must be taken into account when making an investment decision.
About Arminius Group
As an independent transaction, asset and fund manager for institutional investors and family offices, Arminius is the boutique for sustainable investments in commercial real estate in Germany. For our investors we provide access to attractive investment opportunities across the entire risk-return spectrum as well as the complete capital structure. Arminius creates for each client exactly the investment product that suits their needs and provides high quality and highly specialized work as an extended workbench.
Founded in 2006, our team has structured, implemented and concluded transactions with a volume of more than €6.2 billion. We are aligned with our investors’ interests, create sustainable value and aim for long-term partnerships.
