Montano Asset Management (Montano), asset manager on the German commercial real estate market, performed well over the course of 2020 by realising seven property transactions, with a total volume of EUR 275 million. EUR 218 million of this was accounted for by disposals, of mainly retail properties, which included the Neucölln Carree in Berlin and the B8 Center in Dusseldorf.
As at 31 December, Montano had attained EUR 1.6 bn of assets under management. The 536,000 sqm of space in these properties comprises 80% office and 20% retail space. All the real estate assets are situated in Germany. In the fourth quarter of 2020, Montano effected its first purchase for a German institutional investor. Further acquisitions for this investor are anticipated in the 1st quarter of 2021.
Montano further plans transaction volume in excess of EUR 600 million in 2021, particularly in the retail, office and logistics / light industrial asset classes.
Ramin Rabeian, Managing Partner of Montano, said: “We are very pleased that TTL Beteiligungs- und Grundbesitz-AG acquired a 30% stake in Montano Asset Management GmbH in December 2020. The inflow of funds from the resultant increase in capital will be applied by Montano not only to expand the institutional management business but also to realise value-add and warehousing transactions.”
