27.01.2021
FOM Real Estate founds capital management company and prepare special real estate funds
- FOM Real Estate affiliate FOM Invest receives KVG license and plans first own office fund for institutional investors as Investment-KG
- Experienced management team with Dr. Bernd Wieberneit, Roy Brümmer, Marco Häußler and Prof. Dr. Ulrich Nack builds up AIF business
- Successful and long-standing track record of FOM Real Estate as project developer and value-oriented asset manager as foundation for new investment opportunities
- Attractive product pipeline for AIF in advanced discussions
- Acquisition opportunities can be realized directly via a property company of FOM Real Estate before marketing permission for the first closed-end special AIF of FOM Invest is granted
Heidelberg, January 27, 2021 – The project developer FOM Real Estate, which has been successfully active on the market since 1997, is expanding its service portfolio to include indirect investment products for professional and semi-professional investors. FOM founder and managing partner Prof. Reinhard Walter set the course for the new FOM Invest as a sister company of FOM Real Estate in the first half of 2020 and has already received BaFin approval for the new company as a fully licensed AIF capital management company (KVG) in the third quarter of 2020. This enables FOM to offer institutional investors the opportunity to participate in FOM project developments and acquisitions with high value-added potential.
Talks on the acquisition of the first fund properties are well advanced. Walter has been able to win prominent comrades-in-arms for the management of FOM Invest: Dr. Bernd Wieberneit and Prof. Dr. Ulrich Nack are the other managing directors of FOM Invest. Roy Brümmer as Head of Real Estate Investment and Marco Häußler, formerly of Real I.S, as Head of Fund Operations strengthen the management team. Wieberneit and Brümmer previously worked together successfully for many years in various management positions for Corpus Sireo and Swiss Life Asset Managers respectively. Nack was Managing Director of international capital management companies for fifteen years and teaches real estate management at the EBZ Business School. In November 2020, Karl-Josef Schneiders, former head of Germany at Credit Suisse Asset Management, also started as a senior advisor at FOM Invest. Before his time at Credit Suisse, Schneiders was part of the founding team of Sireo Real Estate, among others, as managing director together with Wieberneit and Brümmer.
The FOM Group's best-known projects include the SV high-rise of Süddeutscher Verlag in Munich, the Maas Tower in Rotterdam and the Allianz Campus in Berlin. Currently under construction is the 51,000-square-meter MARK office complex in Munich, which FOM is developing together with AXA Investment Managers.
"Renowned institutional investors, family offices and fund initiators have trusted our entrepreneurial expertise for more than 20 years," comments Prof. Reinhard Walter: "FOM Invest is the logical extension of our investment opportunities and now enables investors to participate in the economic success of FOM expertise within the framework of customized products." As before, investments are possible as an individual mandate, club deal or joint venture. With the KVG approval, the FOM Group can now also offer open or closed-end special funds as soon as the marketing authorization for the respective AIF has been granted by BaFin.
In project development and investment management, the FOM Group gains access to promising properties and projects with high value-added potential through a national and international network of the company and its strengthened team, which has grown over almost 25 years. To date, projects have been developed, leased and sold for or with well-known companies such as Deutsche Telekom, IBM, Union Investment, LBBW, Allianz, AXA and several institutional capital collection agencies from Asia. FOM acquired the Maas Tower in Rotterdam, the tallest building in the Netherlands at 165 meters with 36,400 square meters of office space and 639 parking spaces, in 2018 in an international joint venture together with Asia Pacific Real Estate and Coquine SA. With recent leasing successes and structural upgrades, FOM was able to demonstrate its capabilities as an asset manager in Rotterdam, also in an international context.
Investments in special real estate funds are becoming increasingly popular with institutional investors. The background to this is the decline in yields in other asset classes triggered by the low interest rate policy of the European Central Bank. According to GAC Gesellschaft für Analyse und Consulting, pension funds have now invested an average of 20 percent of their funds in real estate, while the figure for foundations, churches and municipal institutions is 13 percent. GAC's "InstiPortal" records the profiles of more than 500 institutional investors. According to the analysis company, the special segment of project developments is becoming increasingly interesting for institutional investors.
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Press contact
c/o RUECKERCONSULT GmbH
Christof Hardebusch
Tel.: +49 221 29 29 56 313
uneqrohfpu@ehrpxrepbafhyg.qr
Contact FOM Group
Dr. Bernd Wieberneit
Managing Director
Tel.: +49 6221 36366712
o.jvrorearvg@sbzernyrfgngr.qr
About FOM Real Estate
FOM Real Estate is an owner-managed company and has been successfully active as a project developer and asset manager for over 20 years. Since 1997, FOM has successfully completed projects with a total volume of over 3.5 billion euros. FOM's investment partners include well-known national and international institutional investors. In addition to the existing investment opportunities via individual mandates or club deals, FOM also plans to launch its own special real estate funds in the future. The company's investment activities are bundled in FOM Invest. FOM Invest is a fully licensed AIF capital management company (KVG) according to KAGB.