Eurobuild Awards

Deutsche Asset Management

CATEGORY
Investor of the Year, CEE
With EUR 719 billion of assets under management, Deutsche Asset Management is one of the world’s leading investment management organizations. Deutsche Asset Management’s real estate investment business has been investing in real estate assets for more than 40 years. As part of the Alternatives platform, this business has more than 410 employees around the world and US$54 / €47.4 billion in assets under management as of March 31, 2016, and offers a diverse range of strategies and solutions across the risk/return and geographic spectrums, including core and value-added real estate, real estate securities, real estate debt and opportunistic real estate. The real estate investment business employs a disciplined investment approach and 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.
Name of company
Deutsche Asset Management
Name of President or Managing Director for the region
Marek Jakubiak
Regions active in (in which countries the company operates)
Poland, Hungary, Czech Republic, Slovakia
Portfolio
Deutsche Asset Management real estate investment business has ca. €1.4 billion in assets under management in CEE region (as of September 30, 2016). Portfolio consists of office, retail and warehouse properties.
Office projects included in the portfolio
Poland:
Rondo 1, Metropolitan, Focus, Green Corner, Grunwaldzki Center, Nefryt, Topaz, Kopernik Office Buildings
Hungary:
Akademia Business Center, BC-140, Mom Park
The value of office properties held by investor (in EUR)
€1.0 billion
Retail projects included in the portfolio
Stary Browar (Poznań), Alfa Centrum (Gdańsk)
The value of retail properties held by investor (in EUR)
€0.35 billion
The value of warehouse properties held by investor (in EUR)
50m EUR
The largest purchase transactions between October 2015 and September 2016 (subject of the transaction, its total take up area and value in EUR)
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.
Future plans
Deutsche Asset Management continues to look for investment opportunities in the CEE region.
The value of the funds for the investment, whether the investor is permanently established in countries in the region, the number of employees
-
Acquisition activity across the CEE real estate markets between October 2015 and September 2016
Acquisition of Stary Browar project in Poznań, Poland - Q4 2015.
Why the company deserves the award (in a paragraph you can describe the specific achievements of the company)
Deutsche Asset Management acquired in 2015 an iconic Stary Browar project in Poznań, which 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. At the beginning of 2014, Deutsche AM's portfolio in CEE was enriched by an iconic office building in the heart of the Warsaw Central Business District - Rondo 1, which was purchased for approximately €300 million. In 2014, Deutsche Asset Management’s real estate investment business acquired also Metropolitan building in central Warsaw’s prestigious Piłsudski Square for almost €190 million, on behalf of one of its German funds for institutional investors.
Company website
www.deutscherealestate.com