Montano Real Estate GmbH closes 2022 with positive result in challenging market environment with transaction successes in all asset classes

Montano Real Estate GmbH closes 2022 with positive result in challenging market environment with transaction successes in all asset classes

• Successful launch of a multi-investor special fund in the public sector for German institutional investors
• First purchase in the high double-digit million range on own balance sheet
• Expansion of partnership with Carlyle Group in the Logistics segment
• Assets under management increase by 16 percent to 1.8 billion euros with transaction volume of 500 million euros

Munich, 31 January 2023 - Montano Real Estate GmbH ("Montano", www.montano.eu), one of the leading independent investment specialists in the German commercial real estate market, was able to close the past financial year 2022 with a positive result thanks to an expansion of its business segments and transaction successes in all asset classes relevant to the company.

"2022 was a real challenge for all market participants: geopolitical crises, a sharp rise in inflation and - particularly relevant for our industry - a significant increase in interest rates. I am proud of our team that we were nevertheless able to close the year so successfully and with results that were down on the previous year, but still positive," said Montano founder and Managing Partner Ramin Rabeian. "Despite the difficult market situation, we successfully closed deals last year in all asset classes we actively manage. These successes show that we have established ourselves as a reputable partner in the German commercial real estate market over the past ten years."

There were several highlights for Montano in the past fiscal year:

• Successful launch of a multi-investor special fund in the Public Sector segment: in spring 2022, we launched the Montano Public Sector Fund for German institutional investors. The first transactions for the fund were the purchases of the office properties SAS11 in Frankfurt and Chess House in Stuttgart. Further transactions are planned for this fund in 2023.

• First purchase in the high double-digit million range on Montano's own balance sheet: Another transaction highlight was the acquisition of the Duisburg Central Office (DCO) building in Quartier 1. It was purchased temporarily on Montano's balance sheet in spring 2022 as the company's first own property as part of its warehousing strategy and then placed with institutional investors.
• Expansion of the partnership with Carlyle Group in the Logistics segment: As part of the partnership agreed in September 2021, Montano and the global investment manager Carlyle jointly acquired a total of seven logistics properties last year. These were distribution properties in prime urban locations in Germany. Montano is responsible for investment and asset management in this partnership. The volume of the joint portfolio of Carlyle and Montano thus grows to 25 properties or now more than 300 million euros. The value of the total portfolio is to be increased to 500 million euros through further acquisitions.
• Asset Management and Transaction Advisory: Montano acted as transaction advisor and asset manager for Gold Tree in the acquisition of the approximately 40,000 sqm Technoforum in Wolfsburg, which is leased to Volkswagen Immobilien on a long-term basis, and the Business Campus Mainz, as well as in the sale of Gold Tree Group's Oyster portfolio to HIH Invest.
• Significant increase in value through active asset management: With the sale of the KÖ3 office building in Eschborn to CONREN Land, Montano was once again able to demonstrate that active asset management has a positive effect on the increase in value of the respective property, thus convincing potential buyers even in turbulent times. The KÖ Campus is particularly impressive due to its diversified tenant structure, its modern design and the potential for further dedicated ESG measures.

Assets under management increase by 16 percent to 1.8 billion euros with transaction volume of 500 million euros

Montano increased the value of its assets under management to 1.8 billion euros in fiscal 2022. This corresponds to an increase of 250 million euros or a good 16 percent compared with 2021 (1.55 billion euros). Managed leasable space increased by 190,000 sq. ft. to a total of approximately 800,000 sq. ft.

"2022 was another exciting year in our now ten-year history. We expanded our business model to include the conception and sale of our own investment products, launched our first own multi-investor fund, the Montano Public Sector Fund, and increased the size of our team by eight employees," said Sebastian Schöberl, another Montano founder and Managing Partner.

Plans for the current 2023 financial year include the expansion of the Public Sector portfolio and the Social Infrastructure investment line, the launch of further theme funds and the expansion of existing individual mandates. In addition, Montano plans to make acquisitions of Core Plus or Value Add properties in the Food Retail segment, as well as investments in non-ESG and stranded office properties with the aim of repositioning them in an environmentally friendly way. In this context, the company also intends to make greater use of its equity capital.

About Montano Real Estate
Montano Real Estate is one of the leading independent investment specialists in the German commercial real estate market. From offices in Munich, Frankfurt and Berlin, we sound out the market. We are quick to identify opportunities and take advantage of them. We have many years of experience in investment and asset management for German and international institutional investors and consistently pursue the goals of sustainability, return and value enhancement. In our broad product portfolio, we also offer our own multi-investment special fund, the Montano Public Sector Fund.
www.montano.eu

Contact
Montano Real Estate GmbH
Lenbachplatz 5
80333 Munich, Germany
Phone +49 89 24 21 69 80 0
Email presse@montano.eu