Bilfinger Real Estate assumes management responsibility for 23 real estate funds of HCI Capital AG
The reason for transferring a large portion of its fund and asset management activities in the area of real estate is that the strategic business focus of HCI Capital AG will in future no longer include the real estate fund segment concerned. The employees of HCI Capital AG working in this segment have been transferred to Bilfinger Real Estate as from October 1, 2013. "We are pleased to be able to hand the fund management to a firm with this kind of experience," says Ingo Kuhlmann, Management Board member of HCI Capital AG. Advice for the portfolio transfer was provided by consulting and investment firm Assetando Capital GmbH.
The new mandate further expands Bilfinger Real Estate's expertise in managing closed-end investment models. The Group's fund management now includes around 130 fund companies of different issuers with around 60,000 investors. Mario Liebermann, Managing Director of Bilfinger Real Estate Fund Management: "After the funds of the Falk Group, of Wert-Konzept, which is part of IVG, and of WestFonds Immobilien Anlagegesellschaft, this is the fourth portfolio for which we have taken over management responsibility. We expect further closed-end fund management mandates for our group."
The HCI Group offers its clients comprehensive services at all stages of the investment cycle: design, investment management, and trust management of closed-end funds and capital-guaranteed investment products with a focus on maritime assets. Since it was established in 1985, the HCI Group has realized a total investment volume of around EUR 15 billion with equity capital of around EUR 6 billion through 523 issues (information correct as of June 30, 2013). HCI currently has around 121,000 clients, making it one of the major issuance companies in Germany.
Apleona GVA Real Estate Advisors GmbH
As part of the globally operating engineering and service group Bilfinger SE, Bilfinger Real Estate offers integrated property service and advisory from a single source. From more than 50 offices in Germany and Europe, Bilfinger Real Estate manages properties across all types of use for private and institutional investors. With about 35 billion euro under management, it is one of Europe's leading real estate managers.