BUSINESS MODEL

SIGNA Funds’ business model is built on several core aspects. By 2013, SIGNA Funds had set up a total of 13 closed-end real estate funds that promise stable returns and a long-term increase in value for private investors. The company manages its current funds in line with its high quality standards and extensive experience.

It has designed and successfully placed several private equity investments in property on behalf of institutional investors and high-net-worth family offices. SIGNA Funds also makes direct investments aimed at capitalising on specific opportunities.

New projects such as KidInvest and Urban Living are testimony to SIGNA Funds’ creativity and expertise in the real estate sector. The importance of professionally managed real estate assets on the capital markets has increased significantly following the enactment of the new Kapitalanlagegesetzbuch (Capital Code) and implementation of the Alternative Investment Fund Managers (AIFM) Directive in Germany.

SIGNA offers regulated public and special alternative investment fund (AIF) products through SIGNA Investment AG, which was set up in 2013 and is classified as an investment management company under the Capital Code. When the interest rates offered on the capital markets are low, property represents a sensible option for investors looking for secure, high-return investments.

Direct investments in individual properties are both capital-intensive and extremely time-consuming, but closed-end real estate funds enable investors to secure a pro rata share of the returns on attractive commercial properties for which long-term tenancy agreements have been concluded, and in turn to diversify their portfolios.

SIGNA Funds is a member of Bundesverband Sachwerte und Investmentvermögen e. V. (bsi), formerly known as Verband Geschlossene Fonds e. V. (VGF), a special interest group for investment companies whose activities require compliance with the German Investment Code. bsi has set up an Ombudsman’s Office which aims to prevent legal disputes between investors and providers of closed-end funds. For further information on the work of bsi and its Ombudsman’s Office, visit www.sachwerteverband.de and www.ombudsstelle-gfonds.de (both German only).

Structure

The SIGNA Funds Group is made up of Austrian-based SIGNA Funds Holding GmbH and SIGNA Funds GmbH & Co. KG.

SIGNA Funds HoldingManaging Directors

Oguz Kusdil

Oguz Kusdil

Oguz Kusdil, born in 1979 in Böblingen, has been Managing Director of SIGNA Funds since 1st December 2016. Prior to that, he held the position of Head of Finance at SIGNA Core Deutschland GmbH. Following his studies in Economic Engineering at the Heidelberg Technical College, Mr. Kusdil launched his professional career at the end of 2005 as Project Engineer at ATENA Engineering. Following this, he worked at MTU Aero Engines GmbH in Munich, initially in Controlling in the OEM Business division; Mr. Kusdil then became Head of Controlling at MTU Aero Engines Polska Sp. Z o. o. After returning to MTU Aero Engines AG in Munich in 2010, Mr. Kusdil took charge of Controlling of the Plant Development and OEM Production divisions. In 2014, he took over the commercial management of the Pratt & Whitney Power Plant programme.

Bernhard Jost

Bernhard Jost

Bernhard Jost, born in 1973, has been Managing Director of SIGNA Funds since December 2017. He boasts almost 20 years of international experience in the real estate sector. Since 2013, Mr. Jost has held several management roles at SIGNA in Austria and Germany, focussing on asset management and project development. At the start of his real estate career, he was jointly responsible for the expansion and operational business of the global market leader in the business centre industry in Vienna. He then took on the position of an asset manager with an emphasis on office space lettings at Flughafen Wien AG. Mr. Jost also worked as head of sales & marketing and managing director in Austria as well as the CEE, SEE and CIS regions for two bank-related project developers.

SIGNA Investment AG / KVGBusiness Model

SIGNA Investment AG is licensed by the German Federal Financial Supervisory Authority (BaFin) to operate as an external investment management company in the meaning of section 20 Kapitalanlagegesetzbuch (Capital Code). As a regulated investment company, it is responsible for managing the SIGNA Group’s investments in closed-end public and special alternative investment funds (AIFs), with an emphasis on real estate.

This means that its fund management systems are subject to strict regulatory requirements. Thanks to the new legal framework, and in view of record-low interest rates and the growing attractiveness of real assets, closed-end real estate funds are currently more lucrative than ever for many investors.

Such funds are ideally suited to diversified investment strategies for both private and institutional investors.

losed-end real estate AIFs enable investors to secure a long-term stake in cash flows generated by the management of large core properties, and to reap the benefits of value retention or potential increases in value.

SIGNA Investment AG is a wholly-owned subsidiary of SIGNA Funds GmbH & Co. KG.

SIGNA Investment AG / KVGManagement Board

Oguz Kusdil

Oguz Kusdil

Oguz Kusdil, born in 1979 in Böblingen, has been Managing Director of SIGNA Funds since 1st December 2016. Prior to that, he held the position of Head of Finance at SIGNA Core Deutschland GmbH. Following his studies in Economic Engineering at the Heidelberg Technical College, Mr. Kusdil launched his professional career at the end of 2005 as Project Engineer at ATENA Engineering. Following this, he worked at MTU Aero Engines GmbH in Munich, initially in Controlling in the OEM Business division; Mr. Kusdil then became Head of Controlling at MTU Aero Engines Polska Sp. Z o. o. After returning to MTU Aero Engines AG in Munich in 2010, Mr. Kusdil took charge of Controlling of the Plant Development and OEM Production divisions. In 2014, he took over the commercial management of the Pratt & Whitney Power Plant programme.

Michael Liebe

Michael Liebe

Michael Liebe, born in 1966, is General Manager of SIGNA Funds GmbH & Co.KG (since January 2018) and Board Member of SIGNA Investment AG (since April 2018). As Senior Product Manager for closed real estate funds he started at SIGNA already in 2005. Later he became also General Manager of KidInvest. During his study he worked as assistant for the General Manager of Bast Bau GmbH and later on as Project Manager. In 1998 he moved to Gebau AG’s closed real estate funds business and in 2001 he started as project manager at Ideenkapital AG, where he got responsibilities for domestic and non-domestic property funds.

Jörg Schwengel

Jörg Schwengel

Jörg Schwengel, born in 1963, has been Chief Risk Officer/Chief Operating Officer of SIGNA Investment AG since January 1st, 2014. He has been responsible for international risk management of WestLB AG, and subsequently of Portigon AG. In this position he not only gained experience in comprehensive and global risk management but also in the regulated environment (BaFin and Bundesbank).

SIGNA Investment AG / KVGSupervisory Board

Jürgen Fenk

Jürgen Fenk

Born in 1966, Jürgen Fenk joined the SIGNA Group Executive Board on 1 October 2017. He was previously a member of the management board of Landesbank Hessen-Thüringen (helaba), where he was responsible for real estate, debt capital markets and financial institutions. Mr Fenk has extensive experience of the banking, capital market and property sectors. In his new position he will primarily focus on banking, capital markets and capital sourcing for the Group. He will also be responsible for establishing the SIGNA Group’s new proptech, debt fund and insurance business units.

Dr. Marcus Mühlberger

Dr. Marcus Mühlberger

Born in 1962, Marcus Mühlberger has served as CFO at various SIGNA Group companies since 2002. He oversaw the establishment of two residential real estate funds, SIGNA Berlin (exit in 2007) and SIGNA Dresden (exit in 2013). He has some 15 years of professional experience in real estate and investment banking to his name, and in 1997 he completed an MBA at the INSEAD business school in Fontainebleau, France.

Christoph Stadlhuber

Christoph Stadlhuber

Christoph Stadlhuber, CEO of SIGNA Real Estate Austria, is responsible for all of the Group’s real estate operations in Austria. He joined SIGNA in 2011 and was appointed CEO of SIGNA Prime Selection AG and SIGNA Development Selection AG, as well as Managing Director of SIGNA Holding GmbH. Christoph Stadlhuber has been spokesman of the SIGNA Group Executive Board since 2013. He has a degree in spatial planning from Vienna University of Technology (TU Wien). He served as Head of Cabinet to the Austrian Federal Minister of Economics and Labour, Martin Bartenstein. He has built up extensive experience of the real estate sector, including as managing director of Bundesimmobiliengesellschaft m.b.H between 2003 and 2011.

Robert Heinemann

Robert Heinemann

SIGNA FundsClosed-End Real Estate Funds

SIGNA’s closed-end fund business pursues a strategy of long-term investments in single-property funds, and currently works on behalf of several thousand private investors. The focus is on investments in modern core office properties situated in major European cities, for which long-term tenancy agreements are in place. Each fund is geared towards achieving steady rental income flows and moderate increases in property values. One of the best-known properties owned through such a vehicle is The Cube, Deutsche Börse Group’s Frankfurt headquarters. Fund managers have been subject to strict regulatory requirements since the implementation of the EU Alternative Investment Fund Managers (AIFM) Directive.

SIGNA Funds sets up new public and special alternative investment funds (AIFs) through its professional investment management company SIGNA Investment AG. Thanks to the new legal framework, and in view of record-low interest rates and the growing attractiveness of real assets, closed-end real estate funds are currently more lucrative than ever for many investors. Such funds are ideally suited to diversified investment strategies for both private and institutional investors. Closed-end real estate AIFs enable investors to secure a long-term stake in cash flows generated by the management of large core properties, and to reap the benefits of value retention or potential increases in value.

SIGNA FundsProjects

Contact

Duesseldorf Office

Benrather Straße 18-20
40213 Düsseldorf

T: +49 211 16 64 000-0
F: +49 211 16 64 000-4009
M: duesseldorf@signa.de

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