Successful market entry in Great Britain

Even after Brexit, London is considered Europe's most important financial and economic location. The wide range of investments, the high market liquidity and the professionalism and transparency of the real estate market make the metropolis an attractive investment location. "We have been following the market for some time and are convinced that London will continue to be one of the most dynamic and reliable real estate locations in the world," says Stefan Bögl, COO of BHRE and responsible for asset management and transactions, among other things. "For us, this is about access to a market that ideally complements Munich and expands our portfolio in a sustainable way."

The core property on Conduit Street in London's West End, located within walking distance of the Elizabeth Line between Bond Street and Regent Street, fully meets the strategic investment objectives of Bayerische Hausbau Real Estate (BHRE). "The office and commercial building, which was completely revitalised last year, is let to tenants with strong credit ratings. In addition, the building meets high sustainability and efficiency standards: The property has an EPC A rating and meets the planned MEES criteria (energy efficiency) until 2030," explains Bögl.

The West End / Prime Mayfair location in the heart of the Westminster district – often referred to as one of the most exclusive retail locations in the world – is characterised by a balanced mix of high-quality retail space, modern office buildings, first-class restaurants, luxury hotels and high-quality housing. The property was acquired for a purchase price of £41.2 million.

"London continues to attract international capital due to its transparency and stability. The market entry of Bayerische Hausbau Real Estate demonstrates a distinctly strategic and forward-looking approach to cross-border investments. It was a pleasure for us to accompany the company in its first acquisition in the United Kingdom," says Oliver Bamber of the real estate consultancy Savills, which prepared the deal for BHRE together with the London law firm CMS (Cameron McKenna Naborro Olswang LLP).

Building on the acquisition, BHRE plans to invest more in high-quality real estate in the core and core-plus segment in London in the future. The focus is particularly on office properties.

Targeted internationalisation is a strategic component of the company's development, and Munich remains the core market of Bayerische Hausbau Real Estate. "London complements our portfolio – but Munich remains the centerpiece," emphasizes CEO Marcel Wnendt. "We will continue to provide attractive apartments for the people of Munich, for a diverse retail trade in a lively city centre, for sought-after office properties and genuine Bavarian gastronomy in the state capital." Between 2022 and 2027, BHRE will invest a mid-three-digit million amount in its properties in Bavaria in order to modernise them in a future-proof and climate-efficient manner.