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. € 80 million, with a total target portfolio size of up to €1 billion in gross asset value and a target portfolio-level debt ratio of 50%. The fund aims at both professional and semi-professional investors. HANSAINVEST 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.
Source: arminiusgroup.com on the 15th of September 2022
https://www.arminiusgroup.com/index_e.php