Germany focused multi-let light industrial platform
Platform Roll-Out
Overview
Aggregated a high-quality portfolio of medium sized, multi-let light industrial and logistic assets
Achieved a successful full exit of the platform in September 2018
Platform
Year
2015
Asset type
German Light Industrial
Location
Germany, Austria
Investment Highlights
- Focus on Germany’s core cities with attractive industrial fundamentals
- Steady "Mittelstand" occupier demand in key locations with limited new supply
- Target income producing opportunities providing for double digit annual cash returns
- Entrepreneurial and focused management team
- Opportunity to aggregate from private sellers given lack of institutional product
Achievements
Downside protection
- Acquired high yielding assets well below replacement costs
- Obtained senior financing on a diversified portfolio at modest leverage levels
Focused management team
- In-house asset management team with extensive knowledge and experience in operating the asset class
- Targeted capex to increase occupancy, re-gear leases and diversify the tenant base to institutionalise the platform
Off-market sourcing
- Close and effective proprietary origination network enabled FBP to secure off-market opportunities and high occupancy rates
- Through these selective acquisitions and hands on asset management, FBP established an industrial portfolio that provided for stable long term-income returns
ESG
Portfolio
