November 14, 2016

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Nina Binné
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Becken sells shares in Munich-based Competo to Körber Foundation

The real estate company Becken has sold its shares in the Munich-based investment and asset manager Competo Capital Partners GmbH to the Hamburg-based Körber Foundation. The foundation, which was established in 1959, has thus increased its stake in the investment company from 25 percent to 50 percent. The other half will remain unchanged with the managing partners and Competo founders Ralf Simon and Thomas Pscherer.
The shareholders decided to take this step in order to rule out any potential conflicts of interest with Dieter Becken from the Becken Group's nationwide project development activities and his simultaneous involvement in Competo Capital Partners, which provides capital to developers in Germany. "We have decided to take this step by mutual agreement in order to avoid any overlapping of interests," comments Dieter Becken. "As shareholders and investors, we look forward to further expanding our successful partnership with Competo in the coming years," says Dr. Thomas Paulsen, member of the Körner Foundation's Executive Board. "We would like to thank Mr. Becken for an extremely successful and long-standing partnership and are delighted about the Körber Foundation's further commitment, which will enable Competo to continue to successfully implement its growth strategy as an investment specialist for foundations and family offices," says Thomas Pscherer, Managing Partner of Competo Capital Partners.

About the Körber Foundation 

The entrepreneur and instigator Kurt A. Körber established the Körber Foundation in 1959. Today, the Foundation operates nationally and internationally from its offices in Hamburg and Berlin. With its operational projects, in its networks and with cooperation partners, it addresses current challenges in the fields of demographic change, innovation and international understanding. The Körber Foundation has assets of 563 million euros. This includes Körber AG, of which the Foundation is the sole shareholder. Around 18 million euros are available annually for the Foundation's charitable work.

About Competo Capital Partners GmbH 

Competo Capital Partners GmbH is an owner-managed and independent investment and asset management company based in Munich. Its core competencies are individually tailored investments in project developments and long-term investments in existing properties. Since 2007, Competo has been supporting a small and select number of institutional investors, almost exclusively from foundations and family offices. In project developments, Competo Capital Partners invests equity and mezzanine loans in selected real estate project developments by experienced developers in Germany in the office, residential, logistics and retail sectors. On average, the investment portfolio comprises around 15-20 project investments with an investment volume of around EUR 800 million. In the investment and asset management segment, Competo currently manages a portfolio of 9 office properties with an investment volume of around EUR 500 million in Munich, Hamburg, Stuttgart and Ulm.






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