POWERFUL REAL ESTATE PORTFOLIO SINCE 2011
The company has a strong substance real estate portfolio on the basis of sustainable rent structures. Essential part of the investment strategy is focusing on secondary cities and their central and best real estate locations. “Situs I” contains the commercial and “Situs II” the residential portfolio.
The dominant idea lies in the continuous acquisition of the individual properties to the expansion of the portfolio, in the sustainable maintenance and location of individual objects.
The location of each property should be located at B sites centrally, respectively in prime citys but at least in the B position. Through this criteria, a refinancing through local banks is regulated and guaranteed.
All properties have average to good buildings, much of which is distinguished, that renovation residues are included in purchase and accepted also include investments for a sustainable rental. The number of remaining useful life should be at least 25 years. The purchases is invariably carried out to obtain an independent expert. These opinions are maintained without any requirement of credit institutions – and updated annually.
The youngest member of the Situs Group deals exclusively with another segment of the real estate industry, project development.
Situs Invest, which was founded for this purpose, has acquired an inner city property in Probsteigasse in Cologne.
In "SITUS Invest GmbH", properties are purchased at short notice that will not remain in the portfolio as part of further development, but will be passed on to market participants.
The properties are without exception situated in the Rhine-Ruhr-region. On the one hand this region has the highest population density in Germany, and on the other hand because the economic statistics (such as spending capacity, unemployment rate etc.) show Germany´s best relationship between sustainable portfolio properties in proportion to the purchase price. By concentrating in one region, the portfolio management is ensured by centralisation, thus guaranties daily and direct connections to the assets and the tenants.
The metropolitan Rhine-Ruhr-region is situated in North Rhine-Westphalia, stretched between the eponymous rivers Rhine and Ruhr. From eleven metropolitan regions in Germany, Rhine-Ruhr, with nearly 10 Million inhabitants, the most populated in Europe. The region is 7.000 square kilometres in size.
Until the 1960s, the Ruhr area was focused on the coal, iron and steel industry and the undisputed commercial centre of North Rhine-Westphalia. After the structural change due to the coal crisis, other sectors such as education, research and service became more and more important.
THE RHINE AREA
The Rhine area was less affected by the structural change. Bonn for example could statistically compensate every lost workplace due to the fact that after the German Federal Government and some ministries had moved from Bonn to Berlin. Cologne became more and more a location of fairs and services. According to the Gross Domestic Product (GDP) per head Düsseldorf is the most powerful commercial city of the region and thus second highest in Germany with only Frankfurt being higher. The central location is best in all Germany.
METROPOLITAN AREA BENCHMARK
Of particular importance, are the transport connections in Germany and even in Europe. In the Rhine Ruhr-region there numerous continentally important expressways such as the A1 junction. The A3 in and around Cologne is the most frequented expressway in Germany. There are six stations of category 1 in the metropolitan region, three of them are among the ten most frequented stations in Germany, this are Cologne, Düsseldorf, Dortmund, Duisburg and Essen.
There are two international airports in the region: Cologne and Düsseldorf. Düsseldorf airport is the third most frequented in the German ranking of travellers. The river Rhine is the most important inland waterway within Europe. The harbour of Duisburg is the biggest inland port of the world and the harbour of Dortmund is the biggest canal port of Europe. Furthermore there is a big shippable canal net in Ruhr area.
Concentration on this region enables the best possible management of real estate. Besides the selective criteria of the site to be acquired, the daily administration of the portfolio is geared to sustainability of the property. Akkon Grundbesitz GmbH exclusively manages all the asset administration as well as the due diligence service.
The work is completed by the branch offices in Cologne and Düsseldorf and is completed by a facility management service. Due to the short distances in the region, it is ensured to be near to the tenants. This is supported by a flexible service of a maintenance men.
ca. 23.296,44 m²
ca. 4.878,71 m²
ca. 9.256,07 m²
HOTEL / GASTRONOMY
ca. 3.934,68 m²
STORAGE / OTHERS
ca. 16.034,18 m² / ca. 1.686,26 m²
REFERENZ TENANTS IN OUR PORTFOLIO
The tenant mix of the existing tenants reflects the requirements for the site selection. Also here is the third-party use in the foreground and aims to ensure the consistent achievement of income within the framework of the net rent a dependency on various tenant structures. Tenant, make a real estate to a special property, like for example restaurant, nursing home, gym or similar be particularly assessed and decided, so that here the greatest possible degree of flexibility in a possible subsequent rental is given.
Would you please take care to give complete details of your address, the year of construction, net annual rent, number of units (separated by residential-, commercial- and extra units), details about vacancy, state of maintenance and repair as well as the total amount of non-recoverable running costs and graphical material.
General Criteria for Location Analysis
- at least middle or good locations
- good infrastructural connection (express way, Local Public Transport)
- centrally located
- alternative city peripheral locations must be well connected
Type of Use
- Commercial and Office Buildings
- Residential and Business Buildings
- Retail Buildings
- Industrial Properties
- from 1 to 10 Million Euro per asset
- selectively even higher volumes are being checked in case of good financial feasibility
- Properties with more than one tenant and mixed terms are preferred
Return on Investment/Multiplier
- No fixed guideline, as this depends on the condition of the object, state of tenancy and future maintenance expenditure
CONTACT PERSON FOR DUE DILIGENCE
Akkon Grundbesitz GmbH
Aachener Straße 1334
Tel.: +49 (0)2234 911360–0
Fax.: +49 (0)2234 911360–19
We guarantee a discreet and quick transaction as well as short-term processing time.
The purchase profile does not represent an offer to conclude an estate agent´s contract. This comes only about in case of acceptance in writing upon our offer in writing. We are not obligated to return documents that you send us.