Full occupancy achieved in Office and retail space. Munich placed already 46 million euros, October 05, 2011 – Office and retail space of the IFK Sachwert Fund in January 2011 on the market Germany no. 2 are now fully leased by a new hire. The market success of plan has subscribed equity capital to platzierendem, 46 million of a total planned 97 million euros. The portfolio includes a centrally located Office property in Dusseldorf-Oberbilk currently two retail properties. DZ has private bank S.A., Luxembourg, a company of the Volks – und Raiffeisenbanken, to 1.10.2011 hired an area of 754 square meters.
The lease was completed on five years with option to extend for a further five years. The necessary reconstruction work is paid for largely by the tenant. About comprehensive rent increases, which were not taken into account in the cost estimate for prudential reasons were carried on this site already in the first year. The new rent and the rent increases lead to a significant improvement in the liquidity situation. Until the end of 2015, additional rental income are expected alone at this location a total of around 250,000 euros. Bruce Schanzer is full of insight into the issues. For 2012 the IFK Sachwert Fund Germany plans 2 more real estate investments to expand its portfolio on the planned EUR 52 million.
The placement success confirmed the Fund construction with strong security and cash flow guidance. Meanwhile, around 46 million euros of provided equity capital volume of EUR 97 million investors are placed. Especially in times of increased uncertainty on the financial markets is the participation at German commercial real estate further gaininig significance: In Q2 2011 the placement funds with German commercial real estate according to VGF (Association of closed-end funds) compared to the same period increased 2010 46 per cent.