09 September 2020

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Nina Binné
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BECKEN Invest further expands fund

  • Mezzanine Debt Fund REPE 1 fully placed
  • First closing of the successor fund REPE 2 takes place
  • REPE 2 is to co-finance a development volume of up to 700 million euros
  • Fund expert Michael Amann to expand fund division as managing director

Hamburg, 9 September 2020. The owner-managed Hamburg real estate and investment company Becken has fully placed its first mezzanine debt fund REPE 1 via its company BECKEN Invest. The fund invests in office and residential project developments of Becken in major German cities. A first project development has already been sold, two thirds of the portfolio is pre-let. First closing has already taken place for the second sub-fund, REPE 2. Additional institutional investors have been acquired for this fund and the fund volume has already doubled since the first closing. First project developments of basins are to be financed by the fund at the end of 2020. With the successful placement of the second sub-fund, Becken has added Michael Amann to the management of BECKEN Invest GmbH. Together with Prof. Dr. Michael Becken, the long-standing fund expert will drive forward and further expand the fund business of BECKEN Invest.

  1. Prof. Dr. Michael Becken, Managing Director of BECKEN Invest GmbH, says: "I am delighted to have Mr. Amann, a proven expert in real estate funds, at my side and thus to be able to lay the foundation for further expansion of the fund business at Becken. Michael Amann adds: "Investors are lacking sustainable office property investments in top locations, where re-letting in the event of a tenant moving out is not a problem. We see a lot of potential here in smaller office portfolio properties that meet the needs of market participants despite the trend towards home offices. For this reason, we will take a closer look at the office portfolio segment in the coming months and examine whether further fund initiatives are possible here.

    Amann is 53 years old and has extensive real estate know-how. He looks back on more than 25 years of experience in asset and investment management. Before joining BECKEN, Amann last worked for Universal Investment, a

the leading European fund service platforms, as Director Sales International. Prior to this, he was Head of Commercial Transaction Management and Head of the Frankfurt office at Capital Bay.