Montano Real Estate GmbH: Investcorp and Montano Real Estate sell remaining two properties of Eschborn's KÖ Campus for €70 million

Investcorp and Montano Real Estate sell remaining two properties of Eschborn's KÖ Campus for €70 million

• Buyer of the largest transaction on the Frankfurt investment market so far this year is the SCPI Eurovalys fund advised by ADVENIS Germany
• KÖ-Campus brought up to contemporary ecological standards through comprehensive ESG and modernisation measures

Munich, 12 July 2022 – Investcorp, with the support of Montano Real Estate GmbH ("Montano", www.montano.eu), has sold the two remaining buildings of the Eschborn KÖ-Campus to SCPI Eurovalys, a fund managed by ADVENIS REIM and advised by ADVENIS Germany for a sales price of €70 million. This makes the transaction the largest on the Frankfurt investment market so far this year. After the KÖ3 building was already sold to Conren Land in August 2022, the KÖ Campus is now completely sold.

The KÖ Campus was built in 1991 and extensively refurbished and modernised in 2018. Since the purchase of the KÖ-Campus by Investcorp in July 2018, Montano, as highly specialised partner for investments in commercial real estate, acted as asset manager for the entire ensemble and accompanied the purchase and sale transactions. At the beginning of 2022, Montano implemented comprehensive modernisation and ESG measures in the combined total lettable area of almost 40,000 sqm as part of its active asset management strategy. The underground and outdoor car parks were electrified, the side entrances were modernised and the buildings were brought up to an ecological and contemporary standard through additional ESG measures. These included the installation of energy-efficient LED lighting and motion detectors, the implementation of CO2 measuring devices in the offices and retrofitting of bicycle stands.

To meet the requirements of modern working environments, a "new work concept" was implemented with the help of glass elements, open office spaces with an industrial look, state-of-the-art phone boxes, community areas and a moss wall in the entrance area.

By the end of 2022, Montano was able to attract eight new office tenants to the KÖ Campus and completely eliminate the office vacancy. The leases were concluded on a long-term basis for an average of more than eight years. The buildings have a well-known, well-diversified tenant structure and the rents could be increased significantly."We feel obliged towards the environment and society to implement sustainability goals with regard to ecological, social and ethical aspects, especially in the area of existing properties. A nice side effect: modernisation measures increase the value of the properties and ultimately lead to successful transactions, just like here with the KÖ Campus," says Julius Falcinelli, Head of Asset Management at Montano Real Estate. "Right at the start of our involvement in 2018, we initiated the ecological transformation of the entire ensemble and repositioned it within five years; we are now reaping the rewards for this work."

JLL brokered the transaction, CMS Hasche Sigle provided legal advice to the seller and Norton Rose Fulbright provided legal advice to the buyer. ADVENIS Germany is responsible for the operational management of the properties.

About Montano Real Estate
Montano is the highly specialized, like-minded partner for commercial real estate. We act consistently entrepreneurial and simplify complexity. From offices in Munich, Frankfurt and Berlin, we explore the market. We recognise opportunities quickly and exploit them boldly. For more than 10 years, we have been developing investment products for German and international institutional investors, consistently pursuing the goals of sustainability, yield and value enhancement.
www.montano.eu

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