Hansa
CLOSED FOR NEW SUBSCRIPTIONS
Hansa is a direct real estate fund investing in commercial properties in Northern Germany, mainly Berlin. When fully invested the fund will have a property portfolio of approximately 120,000-150,000 sq.m. Hansa is a long-term real estate investment opportunity. The fund has a target equity base of EUR 90 million and a total investment capacity of EUR 300 million when fully invested. The target RoE is 5.5-7.5% per annum excluding capital gains (after all fund fees and taxes).
Investment strategy
The focus of Hansa is on prime commercial properties in Northern Germany, mainly Berlin, within the retail, office, logistics and leisure segments.
Hansa is focused on a “core plus / value added” strategy of acquisition, development and refurbishment of commercial properties (or portfolios of commercial properties) that are strategically well-located in the selected cities. The fund seeks to make effective investments through niche properties in good locations with a clear growth potential. Focus is also on effective risk reduction through diversification of the selected propeties in terms of use, location, tenant composition and lease agreements.
The underlying fundamental is to utilize the low volatility of the German real estate market compared to other Western European markets combined with solid macroeconomic growth, offering investors a stable, yet attractive investment.
Structure
Hansa is registered in Luxembourg as a SICAV-SIF fund.
In summary
- Limited geographical focus on Northern Germany
- Effective investments through niche properties with distinct characteristics and a clear growth potential
- Highly selective approach to real estate
- Core plus / value added strategy combined with low market volatility
- Strong focus on risk reduction through diversification
- Investment focus mainly on Berlin
- Local organisation with extensive real estate asset management experience and a clear exit-orientation
Facts
| KEY FUND FEATURES | |
| Fund name | BPT Hansa Lux SICAV-SIF |
| Status | Closed for new subscriptions |
| Aifm | BPT Hansa Lux SICAV-SIF (registered by CSSF as of 16.08.2013) |
| Investment profile | Invests in commercial properties in Northern Germany, mainly Berlin |
| Fund type | Closed-ended (minimum 10 years for each investor), unlisted |
| Legal structure | SICAV-SIF (Luxembourg) |
| Inception | January 2008 |
| Expected exit | 3rd May 2023 with the possibility for restructuring |
| Fund manager | Northern Horizon Capital A/S |
| Fund administrator | European Fund Administration (admin.) / Banque de Luxembourg (custodian) |
| Minimum investment | EUR 125,000 |
| INVESTMENT TARGETS | |
| Equity | EUR 100 million |
| Leverage | 70 % |
| Total inv capacity | EUR 300 million |
| City allocation | 69% Berlin, 15% Hannover,16% Hamburg |
| Sector allocation | 11% retail, 44% office, 39% hotel, 6% industrial |
| RoE | >7 % per annum not including capital gains |
| Dividend | >5 % per annum |
| PORTFOLIO | |
| Number of properties | 4 |
| Total portfolio size | 45.086 sq. m. |
| Average property size | 11.272 sq. m. |
| Average lease length | The lease lengths are 2-20 years for office, 10-20 years for other segments |
| Subscription fee | Max. 1.95 % |
| Management fee | 0.75 % of GAV per annum |
| Acquisition fee | 0.3% of the total acquisition sum |
| Incentive fee | 20 % above a hurdle rate of 7 % RoE |
Holdings
Property Sector Country City Aquired
Property Walsroder Strasse Sector Office Country Germany City Hannover Aquired 01/01/2007 Property Takustrasse, Berlin-Dahlem Sector Retail Country Germany City Berlin Aquired 31/07/2007 Property Wärtsilä Headquarter Sector Office Country Germany City Hamburg Aquired 01/06/2008 Property Bessemerstrasse Sector Office Country Germany City Berlin Aquired 01/12/2013Management
Fund Manager
- Sebastian Russ
Fund Manager
sebastian.russ@nh-cap.com - Kristin Buder
Investment Manager, Co-Fund Manager
kristin.buder@nh-cap.com
Board of Directors
- Alain Heinz, Certified Public Accountant, Chairman
Hoche Partners - Rüdiger Kimpel
International Campus Group (Lux), Corestate Group (Lux), AIF & Rating Advisory (Lux) - Lars Ohnemus
Founder and Chairman of Northern Horizon Capital A/S
Reports
Quarterly fund reports
| Year | Q1 | Q2 | Q3 | Q4 | Annual |
| 2008 | |||||
| 2009 | |||||
| 2010 | |||||
| 2011 | |||||
| 2012 | |||||
| 2013 | |||||
| 2014 | |||||
| 2015 | |||||
| 2016 | |||||
| 2017 | |||||
| 2018 |
Northern Horizon acquired value-add office building in Berlin
The German „Hansa“ Fund of Northern Horizon Group has acquired a property in Berlin-Marienfelde in an off-market deal The multi-tenant...
Learn moreNorthern Horizon entered in a 10-year lease agreement with Freie Universität Berlin (FU)
The German „Hansa“ Fund of the Scandinavian Northern Horizon Group is providing lease area to the Freie Universität Berlin (FU...
Learn moreHansa Quarterly Fund Report for Q3 2017 has been released
Hansa Quarterly Fund Report for Q3 2017 has been released. The NAV at quarter-end is EUR 115.37. Please find the Q3/2017...
Learn moreHansa pays out again 3% dividends
The Fund gained again from an increasing rental income and using low interest level to reduce total cost of capital....
Learn moreHansa Quarterly Fund Report for Q3 2016 have been released
Hansa Quarterly Fund Report for Q3 2016 have been released. The NAV at quarter-end is EUR 106.55. Please find the Q3/2016...
Learn moreHansa Annual Report 2015 & Quarterly Fund Report for Q1 2016
Hansa Annual Report 2015 as well as Quarterly Fund Report for Q1 2016 have been released. The NAV at quarter-end...
Learn moreHansa Quarterly Fund Report for Q4 2015
Hansa -fund’s Quarterly Fund Report for Q4 2015 has been released. The NAV at year-end is EUR 104.07. Please find the...
Learn moreHansa declares 3% interim dividend
Northern Horizon’s German fund, Hansa, has both strong operational performance as well as solid cash position. Based on these fundamentals...
Learn moreHansa Quarterly Fund Report for Q3 2015
Hansa -fund’s Quarterly Fund Report for Q3 2015 has been released. The NAV at quarter-end is EUR 103.97. Please find the...
Learn moreHansa Quarterly Fund Report for Q2 2015
Hansa -fund’s Quarterly Fund Report for Q2 2015 has been released. The NAV at quarter-end is EUR 103.23. Please find the...
Learn moreBPT Hansa Quarterly Fund Report for Q1 2015
The BPT Hansa Quarterly Fund Report for Q1 2015 has been released. The NAV at quarter-end is EUR 102.71. Please find...
Learn moreBPT Hansa Quarterly Fund Report for Q4 2014
The BPT Hansa Quarterly Fund Report for Q4 2014 has been released. The NAV at quarter-end is EUR 102.13. Please find...
Learn moreBPT Hansa Quarterly Fund Report for Q3 2014
The BPT Hansa Quarterly Fund Report for Q3 2014 has been released. The NAV at quarter-end is EUR 108.87. Please find...
Learn moreBPT Hansa Quarterly Fund Report for Q2 2014
The BPT Hansa Quarterly Fund Report for Q2 2014 has been released. The NAV at quarter-end is EUR 108.10. Please find...
Learn moreBPT Hansa Quarterly Fund Report for Q1 2014
The BPT Hansa Quarterly Fund Report for Q1 2014 has been released. The NAV at quarter-end is EUR 106.92. Please find...
Learn moreBPT Hansa Quarterly Fund Report for Q4 2013
The BPT Hansa Quarterly Fund Report for Q4 2013 has been released. The NAV at quarter-end is EUR 106.92. Please find...
Learn moreBPT Hansa pays out interim dividends
Following an exceptionally rewarding disposal of the Weinmeisterstraße property in early 2013 and closing the reinvestment in Bessemerstraße, the investors...
Learn moreBPT Hansa Quarterly Fund Report for Q3 2013
The BPT Hansa Quarterly Fund Report for Q3 2013 has been released. The NAV at quarter-end is EUR 108.26. Please find...
Learn moreBPT Hansa Quarterly Fund Report for Q2 2013
The BPT Hansa Quarterly Fund Report for Q2 2013 has been released. The NAV at quarter-end is EUR 108.03. Please...
Learn moreBPT Hansa Quarterly Fund Report for Q3 2012
The BPT Hansa Quarterly Fund Report for Q3 2012 has been released. The NAV at quarter-end is EUR 100.97. Please...
Learn moreBPT Hansa Quarterly Fund Report for Q2 2012
The BPT Hansa Quarterly Fund Report for Q2 2012 has been released. The NAV at quarter-end is EUR 101.66. Please find...
Learn moreBPT Hansa Quarterly Fund Report for Q4 2012
The BPT Hansa Quarterly Fund Report for Q4 2012 has been released. The NAV at quarter-end is EUR 103.32. Please...
Learn moreBPT Hansa Quarterly Fund Report for Q1 2012
The BPT Hansa Quarterly Fund Report for Q1 2012 has been released. The NAV at quarter-end is EUR 101.16. Please find the...
Learn moreBPT Hansa Quarterly Fund Report for Q4 2011
The BPT Hansa Quarterly Fund Report for Q4 2011 has been released. The NAV at quarter-end is estimated at EUR 100.95....
Learn moreBPT Hansa Quarterly Fund Report for Q3 2011
The BPT Hansa Quarterly Fund Report for Q3 2011 has been released. The NAV at quarter-end has been set at EUR...
Learn moreBPT Hansa Quarterly Fund Report for Q2 2011
The BPT Hansa Quarterly Fund Report for Q2 2011 has been released. The NAV at quarter-end has been set at EUR...
Learn moreBPT Hansa Quarterly Fund Report for Q1 2011
The BPT Hansa Quarterly Fund Report for Q1 2011 has been released. The NAV at quarter-end has been set at EUR...
Learn moreBPT Hansa Annual Report for 2010
The BPT Hansa Annual Report for 2010 has been released. Please find the report here.
Learn moreBPT Hansa Quarterly Fund Report for Q4 2010
The BPT Hansa Quarterly Fund Report for Q4 2010 has been released. The NAV at quarter-end has been set at EUR...
Learn moreBPT Hansa Quarterly Fund Report for Q3 2010
The BPT Hansa Quarterly Fund Report for Q3 2010 has beenreleased. The NAV at quarter-end has been set at EUR...
Learn more