Montano Real Estate ("Montano"), an investment partner and asset manager in the German real estate market, has acquired the "Station West" office property in Mainz on behalf of Beyond Real Estate Holding ("Beyond"), a private equity firm specialising in fixed-income real estate investments. This fifth joint acquisition of Beyond and Montano underlines their successful partnership. The seller of the property is Principal Asset Management®.
"Station West" is located in a prime location directly opposite Mainz Central Station and has a total lettable area of around 12,500 m². The property is characterised by a diversified tenant base with some long-term leases. The property generates attractive current cash flows through medium to long-term leases, including tenants from the public sector. It also offers value appreciation potential through the optimisation of the tenant structure as well as targeted ESG and investment measures.
"With the acquisition of 'Station West', we are underlining our commitment to the German market. The property perfectly meets our investment criteria: a central location, a high-quality tenant base with institutional users and significant potential for appreciation. Especially in a difficult market environment, the value of our partnership with Montano becomes apparent. We are pleased to continue this successful collaboration with our fifth joint transaction and see further growth potential in similar investments," says Tzach Yanir, CEO of Beyond Real Estate Holding.
"With Station West, we have once again secured a property with an attractive risk-return profile for Beyond," adds Samson Weldemariam, Managing Partner at Montano. "Thanks to our creative deal sourcing and asset management expertise, we can offer our clients attractive returns even in a challenging market environment."
Montano is an active venture partner for Beyond due to its continuous market observation and established network. The selective acquisition of assets as well as the active management and further development of real estate portfolios are based on years of experience. Long-standing relationships with investors and tenants as well as in-depth knowledge of lease management and renewal contribute to the stability of the portfolio and value growth.
Noerr (legal), Cumming Group (technical), Fair Audit (tax) and Tauw (environment) advised on the transaction. The transaction was brokered by JLL and financed by Volksbank Darmstadt Mainz.
Further potential investments are already being examined.
