Zurich/Frankfurt/Linz, January 24, 2020 – SIGNA Financial Services AG (SFS), a SIGNA Group company, has acquired the residential property “Kaiserhof 2” at Kaisergasse 16b / 16c in Linz (completed in 2019) for the Bayerische Versorgungskammer (BVK) via the Österreich-Immobilien-Spezialfonds set up by Universal-Investment. The new building with a rental area of approx. 3,300 m² has 53 modern residential units, a commercial unit with a fitness studio on the ground floor as well as an office unit on the first floor. The seller is the experienced local real estate project developer FLOW from Linz. The closing took place at the end of October 2019.
The “Kaiserhof 2” is in a prime location in the city centre of Linz. Both the central “Landstraße” shopping street and the Donaupark, a popular local recreation area directly on the Danube, are within walking distance.
All of the 53 rented apartments are of high quality, with modern furnishings, and feature access for disabled persons. Each apartment has its own balcony, recessed balcony, winter garden, terrace or garden. The property was built according to the latest energy efficiency criteria, resulting in a considerable reduction in operating costs. This includes in particular a heating system with a ground water heat pump.
The acquisition of the “Kaiserhof 2” in Linz represents the first acquisition of this real estate fund outside of Vienna. Several residential and office properties have already been acquired, most recently the building component 3 of the AUSTRIA CAMPUS in Vienna.
Additional residential and commercial properties, in particular office and retail properties, have also been acquired. In addition to properties from SIGNA projects, project developments and existing properties that can be acquired from across the entire market can also come under consideration.
The SIGNA Group, founded by entrepreneur René Benko in 1999, is a privately owned industrial holding company that is active in the real estate and retail sectors, among others. With property assets in excess of 13.2 billion euro and an additional development volume of around 8.5 billion euro, the company is one of the most significant real estate investors in Europe. With approx. 45,000 employees and a turnover of over 7.5 billion euro – approx. 750 million euro in the online sector alone – the company operates reputable commercial enterprises.
The SIGNA Real Estate Group is one of the largest real estate investors in prestigious European cities such as Berlin, Hamburg, Munich and Vienna, and it owns numerous landmark buildings in prime locations, such as the KaDeWe and the UPPER WEST Tower in Berlin, the Goldene Quartier with the Park Hyatt Hotel in Vienna, the Alte Akademie in Munich and the Alsterhaus in Hamburg. SIGNA Financial Services AG, headquartered in Zurich, was founded in 2008. As a central service provider within the SIGNA Group, it is responsible for handling external real estate investment mandates as well as for all capital market instruments and fundraising at the level of traditional debt financing, corporate bonds and the acquisition of permanent equity. More information can be found here: www.signa.at
FLOW stands for the joy and passion of developing, planning, building and furnishing as well as the driving force to commit to even the most complicated projects and to make them special and unique.
The brothers Michael and Klaus Ehrenfried, following this ideology, have been developing novel, high-quality real estate projects under the brand name FLOW since 2016. This is only possible because they combined their many years of experience in this industry. Both Michael Ehrenfried (real estate developer, property developer and trained lawyer for over 30 years) and Klaus Ehrenfried (entrepreneur and trained civil engineer for over 20 years) can look back on a long and successful track record in the real estate sector.
Apart from the big picture, this creative duo also finds details particularly important. A closer look at the brothers’ work quickly reveals that they are much more than just real estate developers. Their focus is on planning and developing properties, most of which remain in their ownership and are rented out. This allows them complete freedom in their actions.
Their intense involvement on each individual project as well as their conscientiousness and enthusiasm are clearly reflected in the execution of their projects. From the selection and purchase of the property, the specification of the construction and utilisation concept, the preparation of the floor plans, to the selection of furnishing details – Michael and Klaus Ehrenfried always make their decisions as if they were building the property for their own use.
The planning and implementation of their projects is defined with the aim of creating a better quality of life that stands not just for today’s generation, but also for future generations, and that takes the actual needs of future residents and tenants into account. More information can be found here: www.fl-w.at
ABOUT THE BAYERISCHE VERSORGUNGSKAMMER
As Germany’s largest public pension group, the Bayerische Versorgungskammer is a service and competence centre for the provision of occupational and municipal pensions. It manages the business operations of twelve legally independent professional and municipal pension institutions with a total of over 2.2 million insured persons and pension recipients, approx. 4.8 billion euro in annual contribution and levy income and approx. 3.4 billion euro in annual pension payments. It manages a total investment volume of currently approx. 77 billion euro (book value) for all these institutions. The Bayerische Versorgungskammer employs over 1,300 people. It has been a signatory to the Diversity Charter since 2010, a signatory to the UN Principles for Responsible Investment (PRI) since 2011 and a signatory to the Memorandum for Women in Leadership since February 2017. More information can be found at www.versorgungskammer.de
With around 506 billion euro in assets under management, 388 billion euro of which in its own vehicles, as well as around 118 billion euro in additional services such as insourcing, well over 1,300 public and special fund mandates and around 750 employees, Universal-Investment is the largest independent investment company in the German-speaking region. The investment company is the central platform for independent asset management. It combines the investment know-how of portfolio managers, private banks, asset managers and investment boutiques. With the acquisition of UI labs in early 2019, the industry-leading IT data specialist is also adding front office and data solutions to its service portfolio. Founded in 1968 and headquartered in Frankfurt am Main, with subsidiaries, branch offices and investments in Luxembourg, Poland and Austria, the Universal-Investment Group is one of the investment industry’s pioneers. Today, it is the market leader in the areas of “Master-KVG” and private label funds. According to the current PwC 2019 ManCo Survey, Universal-Investment is Luxembourg’s largest AIFM management company; Universal-Investment also ranks first among third-party management companies. (Status: December 31, 2019). More information can be found at www.universal-investment.com