Montano Real Estate and Beyond Real Estate Holding acquire attractive multi-tenant commercial property in Erfurt, Germany

• Office complex Weimarische Strasse 42-46 has almost 23,700 sqm of leasable space
• Acquisition is second successful joint transaction and prelude to further joint investments
• Property is leased to public sector tenants on a long-term basis

Munich, 3 November 2023 - Montano Real Estate GmbH ("Montano", ), a highly specialized partner for investments in commercial real estate, has added another attractive property to its commercial real estate portfolio together with Beyond Real Estate. The Weimarische Strasse 42-46 office complex in Erfurt has almost 23,700 sqm of leasable space and around 400 parking spaces. The cooperation with Beyond Real Estate was thus expanded to a portfolio worth over 400 million. Further investments in German commercial real estate are planned for the coming months.

The Core Plus property, built in 1994, is conveniently located southeast of the city center. The main train station with connection to the ICE rail network can be reached on foot in eight minutes, the Erfurt city center in 13 minutes. In the immediate vicinity there is also a commercial area with many well-known retail companies. The office building is completely leased on a long-term basis. The four tenants are mainly public sector companies, including Deutsche Bahn.

Montano and Beyond were advised on the transaction by Noerr and technically by ChandlerKBS.

"We are very pleased that we have once again succeeded in closing an attractive deal in an overall challenging environment," says Montano co-founder and Managing Partner Sebastian Schöberl. "Erfurt is a regionally important office market with growing demand for high-quality office workplaces and correspondingly rising rents. With the acquisition of the flexible office complex in Weimarische Straße, we want to benefit from this development. At the same time, as an active asset manager, we want to make the operation of the property more sustainable through modernization measures and significantly increase the value of our investment."

About Montano Real Estate
Montano is the highly specialized, like-minded partner for commercial real estate. We act consistently entrepreneurial and simplify complexity. From offices in Munich, Frankfurt and Berlin, we explore the market. We recognise opportunities quickly and exploit them boldly. For more than 10 years, we have been developing investment products for German and international institutional investors, consistently pursuing the goals of sustainability, yield and value enhancement.
 

About Beyond Real Estate
Beyond is a private equity firm that specializes in fixed income real estate investments. Our current focus is on retail parks and office properties in Western Europe, with a particular emphasis on opportunities in Germany. Leveraging over two decades of management experience, we meticulously assess numerous potential deals to select only those with exceptional returns for our shareholders.

Our investor base at Beyond is characterized by remarkable loyalty, as they consistently participate in each new deal we undertake, regardless of market conditions. Our investors encompass a diverse group, consisting of private and public companies, endowments, family offices, and high net worth individuals from Europe, the United States, and Israel.

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Montano Real Estate GmbH
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