MIPIM 2023 Digital Edition

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Investing in Austria of attractive buying offers, we decided not to sell the Althan Quarter with its four project sections, the residential buildings Sophie and Joseph, the hotel, and Francis as the centerpiece. If we had removed the residential section and switched to individual apartment sales, we might have earned more on this one section. We are taking this step not only because we do not want to let the property out of our hands but also because of very sober economic facts: The high demand for high-quality space and the established location in the heart of Vienna are the ideal prerequisites for a positive performance. The focus was on strategic considerations: Do we, as 6B47 want to take this next step of evolution and develop into an investment and asset manager? I believe that after 13 years and with over 80 projects, we have already proved our project development competence. In order to be able to offer our future investors the best possible investment and asset management services, we are launching our fund together with Jones Lang LaSalle Asset Management GmbH, which already has many years of experience in this field. The fund is administered as a service KVG by IntReal, International Real Estate Kapitalverwaltungsgesellschaft in Hamburg, the German market leader in this field. As a team, the ideal trio. What is the minimum designated denomination? In principle, the Core or Core Plus segment is designed as an open-end fund for professional and semi-professional investors. The minimum denomination is twenty million Euros. If I could wish for something as 6B47, it would be more in the direction of a club deal, six to eight or perhaps ten institutional investors with tickets of around fifty million Euros. What rate of return can investors expect? The Internal Rate of Return, which we currently calculate over ten years, is seven to eight percent. The distribution yield will be above four percent. Are there already potential investors? We have not yet started funding. Initial talks are planned for the MIPIM. But I am sure we will be fully financed when construction is completed in 2024. We are beginning extra early. Even if institutional investors aren’t currently making any decisions, they are thinking about where they want to invest and how they want to allocate. 24 ImmoFokus
Is everything going according to plan with the subprojects? Everything according to plan. We are even a little ahead of schedule. Is it because other developers have stopped their projects and the construction companies have spare capacities? You‘ll have to ask the construction companies about that. Of course, we are pleased to be on schedule and within budget. How do you assess the current market situation? It‘s like skiing in the fog. That means we have to remain flexible in our knees and perhaps also be prepared to make a sharp turn to the left or the right because we don‘t see the tree until very late. I haven‘t always considered everything to be rosy. But I also don‘t see everything quite as pitch black as many others do. At the moment, I prefer to remain below the radar and see what opportunities are out there. We are not active only in the acquisition, market participants are also approaching us. We‘ve also offered one or two mezzanine capital funds to come in as developers on existing projects to work out a joint compensation model. The worst thing that can happen 6B47 Real Estate Investors 6B47 Real Estate Investors is an internationally oriented real estate developer based in Vienna with offices in Düsseldorf, Berlin, Munich, and Warsaw and focuses its business activities on metropolitan regions in Austria, Germany, and Poland. The company currently manages a project volume of around EUR 2 billion, making it one of the leading providers in the sector in Austria, Germany, and Poland. The services cover the entire value chain, from project development to realization and utilization. The company‘s business model also includes real estate financing as an integral part of project development. www.6B47.com MIPIM | 2023 25
Page 1: MIPIM 2023: Special digital edition
Page 5 and 6: Worte füllen keine Hilfspakete. Ih
Page 7 and 8: Investing in Austria Join us at MIP
Page 9 and 10: Investing in Austria Join us at MIP
Page 11 and 12: Staying power in times of uncertain
Page 13 and 14: What has been your biggest deal so
Page 15 and 16: MIPIM | 2023 15
Page 17 and 18: WORDRAP MIT MARKUS MENDEL Are you a
Page 19 and 20: German-speaking countries. And if a
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Page 23: With „6B47 Stadtquartiere I“, 6
Page 27 and 28: That is absolutely justified. But w
Page 29 and 30: „Certificates assure that sustain
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Page 33 and 34: placed by another instrument or dev
Page 35 and 36: „Financing might get even cheaper
Page 37 and 38: „For sustainability reporting, yo
Page 39 and 40: „In old buildings, too high susta
Page 41 and 42: Hier geht‘s zum Video www.immo-ti
Page 43 and 44: developers and family offices that
Page 45 and 46: Selected investment transactions 20
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Page 49 and 50: Rentals 2022 (selected examples) Pr
Page 51 and 52: Logistics Industrial Market Vienna:
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Bringen Sie Work und Life nachhalti
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1 The first half of the year will u
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1 We have all become more cautious
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SIEMENSSTRASSE 89 1210 WIEN WWW.TWE
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1 Only optimists succeed. As a real
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1 As I am a fundamentally optimisti
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Wir leben Immobilien. Wir leben Kno
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jpi.at UNSER VERTRAUEN GIBT ES NUR
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