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8/1/2017 CORPUS SIREO Real Estate tasked with asset management of ORL portfolio belonging to Profond Investment Foundation

  • The “ORL” portfolio comprises a total of 27 commercial properties in Germany and Austria 
  • Predominantly characterised by types of use including retail, office and logistics
  • CORPUS SIREO Real Estate initially took on the management of 22 of these properties
 
CORPUS SIREO Real Estate, Cologne, has been awarded with the contract for the asset management of ORL portfolio belonging to Profond Investment Foundation. The mandate comprises all services in the area of strategic and value chain-oriented management for the office, retail and logistics real estate portfolio (ORL for short), including managing construction projects, as well as managing purchases and sales as required.

The asset management covers a total of 22 properties, 21 of which are in Germany and one in Austria. The 173,000 square metres of rental space overall is largely divided among the retail, office and logistics types of use. The vacancy rate is currently about 10%. 

The independent Swiss collective foundation, Profond Investment Foundation, is based in Zurich. Herbert Meierhofer, head of the Real Estate Investment Committee at the Profond Investment Foundation says, “We are striving to continuously expand the real estate portfolio to be able to ensure an attractive return with low volatility. Aiming for a share amounting to 15% of the foundation’s total assets, properties are a significant part of our long-term investment strategy”.

Profond and the Swiss Life Group, to which CORPUS SIREO also belongs, have already had a business relationship for several years. In addition to the bonds segment, this also involves a commitment of capital in two of the Immobilien Schweiz investment groups established by the investment foundation. Now the partners have succeeded in implementing a cross-border expansion of the cooperation.

Bernhard Berg, CEO of CORPUS SIREO Real Estate says, “We are delighted that we are able to strengthen our business relationship with Profond through this mandate. Confident in the long-term prospects of this partnership, we will optimally develop our very well positioned network in the German market to sustainably grow the ORL portfolio”.

About CORPUS SIREO 

CORPUS SIREO is a multi-disciplinary real estate service provider which has received numerous awards. The company operates as a fund and asset manager, investor and project developer in Germany and other European countries. It also acts as a co-investment partner for pan-European real estate investments. CORPUS SIREO employs approximately 530 staff at 11 locations in Germany and Luxembourg, and is an independent business unit of Swiss Life Asset Managers. With companies in Switzerland, France and Germany, Swiss Life Asset Managers manages real estate assets with a total value of more than 67 billion Euros (as of 31.12.2016). 
CORPUS SIREO manages special funds with a current volume of 2.3 billion euros. The company has expertise and its own presence in the German regional markets as well as in the health real estate sector, where the company is one of the German market leaders.
 

 

Yvonne Hoberg

Yvonne Hoberg Public Relations

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https://www.corpus-sireo.com/en/presse/press-releases/presspages/2017/corpus-sireo-real-estate-tasked-with-asset-management-of-orl-portfolio-belonging-to-profond-investment-foundation
: 22.04.2018