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TH Real Estate grows German retail platform

TH Real Estate has launched a new German-focused retail strategy, with a target portfolio size of €400 million.

Capitalising on the current German retail market, which is more active than ever before, TH Real Estate’s German-focused retail vehicle offers institutional investors the opportunity to invest in German core retail and gain access to potentially stable income returns.

The core strategy aims to invest in new-build and existing schemes in attractive locations across the country. With a target portfolio size of €400 million, the strategy has a proposed term of 10 years, with a two-year renewal option. The strategy has secured capital commitments and completed on its first asset.

TH Real Estate believe strong fundamentals and a polycentric structure, make Germany a stable and attractive country to invest. They believe among the best opportunities are needs-based and, aside from outlet malls, student and senior housing, and e-commerce logistics, exciting opportunities lie in retail developments that engage consumers via experiential retail.

“Our strong relationships with developers, agents, and retailers allow us to identify investment opportunities in today’s market. With a focus on sustainable, forward-looking assets, we have a strong German retail portfolio,” says Marcus Mack, Fund Manager, Real Estate, Germany. “We are seeing a very active retail market in Germany as well as high demand from investors. Retail warehouses, in particular, are performing very well due to strong local catchment areas and an attractive tenant mix.

Following a successful long-term track record in German retail strategies, and a current portfolio consisting of approximately 35 retail assets across Germany, TH Real Estate strives to invest in retail properties that are viable not just over cycles, but over longer-term structural horizons.

TH Real Estate manages several funds, including six German Spezialfonds, and oversees, more than €3.4 billion assets that are under management in Germany, of which 70% (approximately €2.4 billion) is in the retail sector (as of 30 June 2018).

Note: TH Real Estate renamed to Nuveen Real Estate in January 2019.