Purchaser, plus brief information about the company
Deutsche Asset Management - one of the world’s leading investment management organizations with €719bn of assets under management. Deutsche AM’s real estate investment business has been investing in assets for more than 40 years. As part of the Alternatives platform, this business has more than 410 employees around the world and €48.2bn in AuM and offers a diverse range of strategies and solutions. With disciplined investment approach it aims to deliver attractive long-term risk adjusted returns, preservation of capital and diversification to its investors, which include governments, corporations, insurance companies, endowments, retirement plans, and private clients worldwide.
Consultancy which advised Purchaser
CBRE, Hogan Lovells, DIL Baumanagement, PWC
Financing institution
-
Current occupancy level
100%
Please say why this deal should be considered for the award
In Q4 2015, Deutsche Asset Management’s (Deutsche AM) real estate investment business acquired “Stary Browar” shopping center in the city centre of Poznan for around EUR 290 million on behalf of the German fund grundbesitz europa.
The unique inner-city shopping centre, set in the historical site of a former mid 19th century brewery, comprises over 58,000 square meters of retail (220 outlets), office, restaurant, event and gallery space, with multiplex movie theatre, in addition to a large 1,000 space car park. Its innovative design offers a mix of contemporary, cultural and retail experiences targeting mid- to up-market customers.
The purchase of the high profile shopping centre follows a string of other Deutsche AM landmark acquisitions in Poland and the neighboring region. Across Central & Eastern Europe, Deutsche AM’s real estate business currently holds EUR 1.4 billion in assets under management totaling 15 properties, which includes Rondo 1 and Metropolitan in Warsaw.
