Tristan Capital Partners and Lübke Kelber Invest in Residential Portfolio in the Rhine-Main Area with a Focus on Frankfurt
Frankfurt a. M., 4th October 2024 – The EPISO 6 fund, managed by Tristan Capital Partners, has jointly acquired a residential portfolio with around 450 units together with Lübke Kelber (ISIN: DE000A35JR33). A large portion of the portfolio is located in Frankfurt, with additional properties in Offenbach, Wiesbaden, and Bad Soden. The portfolio encompasses a total of 26 properties, covering a combined area of approximately 36,500 m². As part of the joint venture, Lübke Kelber will again assume the role of asset manager, now overseeing a portfolio of over 3,500 residential units. Recently, 350 residential units were acquired in Leipzig.
"The residential real estate market in Frankfurt and the Rhine-Main region offers excellent investment opportunities. With this portfolio in prime locations and high value-add potential, we are once again demonstrating our strength and market access in Germany," commented Dr. Constantin Plenge, Managing Director at Tristan Capital.
Marc Sahling, Chief Executive Officer at Lübke Kelber, added: "Our focus is on comprehensively modernising the portfolio and undertaking extensive energy-efficient refurbishments. In addition, we will make substantial investments to enhance the value of individual properties." The portfolio currently has a vacancy rate of nearly 50%, providing further opportunities for development.
With this acquisition, the joint venture significantly expands its activities in the Rhine-Main region. The investment focus is on residential real estate and portfolios with a minimum of 300 units in all locations across Germany, with the aim of further expanding the portfolio.
The buyer was advised in the transaction by McDermott Will & Emery, PwC, TA Europe, CBRE, and Colliers.
About Lübke Kelber
Lübke Kelber is an owner-managed, independent consultancy firm specialising in real estate transactions, with over 55 years of market expertise and a particular focus on the mid-market segment. We operate nationwide with 90 highly qualified specialists across 8 locations in Frankfurt am Main, Berlin, Dresden, Düsseldorf, Leipzig, Munich, and Stuttgart. With our International Desk in London, we establish connections with international investors. We realise up to 1 billion euros of residential and commercial transaction volume annually. For selected investments, we act as a co-investor and offer our partners a platform for asset, property, and investment management. Our high standards of quality, paired with continuity and reliability, guarantee a high success rate for our clients’ mandates. Clear structures, respect, and transparent communication are at the core of our work, enabling us to create long-term value.
For more information, visit https://luebke-kelber.de/ or https://luebke-kelber-ag.de/.
About Tristan Capital Partners
Tristan Capital Partners is a real estate investment manager specialising in value-add investment strategies for all property types across the UK and Europe. Tristan’s pan-European real estate funds include Core+, Opportunistic, and Debt strategies, managing a total of over €15 billion in assets, supported by a loyal base of institutional and private investors. The company was established in 2009, with its headquarters in London and offices in Luxembourg, Paris, Amsterdam, Frankfurt, Milan, and Madrid. Tristan is a subsidiary of New York Life Investments, regulated by the Financial Conduct Authority and MiFID-compliant. For further information, visit www.tristancap.com.
Contact Investor Relations / Financial Media:
IR.on AG
Frederic Hilke
0221-914097-0
Luebke-Kelber@ir-on.com