Key data

Project name

Sonnenhöfe Berlin

Location

–  Antares, Schönefeld, Germany

– Aldebaran, Schönefeld, Germany

– Anger, Schönefeld, Germany

Category

Development of 559 rental apartments, 10,720 m2 office space, approx. 1,100 m2 retail and approx. 700 parking spaced in Berlin-Schönefeld 

Latitude

52°23’17.02”N

Longitude

13°30’0.59”O

Initiator

REALIANCE Europe B.V.

Local partner

Eyemaxx Real Estate AG

Projected investment term 

34 months (agreed term of minimum 2 years, maximum 3.5 years) 

Repayment

After lease, sale to institutional end investors or through refinancing

Participation

From € 75.000

Structure

Participation in capital of Sonnenhöfe Berlin LP (Dutch CV), which subsequently holds all the shares of is German subsidiary (GmbH). This company provides a shareholder loan and holds 20% of the shares of the German intermediate holding (KG), which ten holds 50.1% shares of the development company. 

Equity Dutch investors 

€ 4,250,000

Equity Eyemaxx

€ 3,000,000

Mezzanine

€ 20,000,000

Bank loan

€ 111,954,764

Total investment

€ 138,954,764

Projected capital growth

34% after34 months

Projected return 

12% ROI (per year)

Unique selling points

Phased development in a large-scale area development in Berlin-Schönefeld near the new Berlin Brandenburg International Airport (BER). 

As part of the Berlin Speckgürtel region, the region benefits from the growth of the German capital. 

Excellent location in a growth region with a constant increase in employment and inhabitants. Berlin Brandenbrug Airport creates more than 40,000 jobs and training places in the Schönefeld region, which guarantees economic growth/ prosperity. 

Since 2011, the municipality of Schönefeld has attracted an investment volume of several hundred million euros, making it one of Germany’s fastest growing regions. 

Pre-development risks are not applicable: 
Building permit available
Building contract has already been signed with contractor Züblin (100% Strabag subsidiary)
Mezzanine and Bank financing committed 
First groundwork started in March 2018
Start of construction work in the parking garage in June 2018

Clear exit strategy developer by selling the development after ‘lease-up’ to institutional end-investor. 

Local partner (listed company) guarantees the invested equity capital plus 8% return (108%), which guarantees the return of capital. 

For more information you can reach REALIANCE at +31 (0) 20 21 03 180 or invest@realiance.nl