Commerz Real has for the first time opened a representative office in the USA in New York City. With the address 225 Liberty Street it is located in Lower Manhattan, not far from Wall Street. “The United States are an extremely exciting market, offering attractive opportunities in the gateway cities above all,” explains Henning Koch, CEO of Commerz Real. The real assets subsidiary of Commerzbank first invested there as long ago as 2004 and in the meantime has developed a portfolio of 12 properties with a value of approx. 3.2 billion US dollars through its open-ended real estate fund Hausinvest. “So as to better manage and also further develop this portfolio, a direct local presence is ideal,” adds Koch. The largest portion of the portfolio with approx. 2.1 billion US dollars is accounted for by six office properties. In addition there are four hotels with a value of about 914 million US dollars and two shopping malls valued at around 158 million US dollars. The most recent acquisition was the office property “1900 N Street” in Washington, D.C. in June 2022.
The commitment in the field of renewable energies is also to be expanded in North America. Commerz Real has been an investor in solar energy on behalf of private investors since 2005 and also in wind turbines and other energy infrastructure segments on behalf of institutional investors since 2016. With Klimavest, Commerz Real 2020 has launched a fund for private investors that invests specifically in infrastructure to achieve the UN climate targets and the European Union’s Green Deal. At present the company manages more than 50 solar power stations and more than 30 onshore and offshore wind farms in Germany and Europe with a total installed capacity of more than 1.4 gigawatts.
