News

07/05/2020 <br> Apeiron acquires 150,000 sqm German logistics portfolio

• Transaction follows Apeiron’s past acquisitions of logistics in Germany, taking total German logistics assets under management to 600,000 sqm
• Portfolio’s focus is e-commerce with additional established industrial tenants

LONDON – Apeiron Capital Limited (“Apeiron”), the European asset and investment management specialist, in partnership with Midas International Asset Management, has today announced the acquisition of the 150,000 sqm “Maple” logistics portfolio in Germany for approx. EUR 200 million. The investment was ultimately funded by South Korean institutional investors. The portfolio was acquired from the Healthcare of Ontario Pension Plan (“HOOPP”), one of Canada’s largest pension funds, advised by Jones Lang LaSalle (“JLL”).

The transaction continues Apeiron’s stated strategy of acquiring high-quality assets in key logistics locations across Europe. This follows its acquisition of a portfolio of German logistics assets made in May 2019 in a joint venture with GreenOak Real Estate and Hana Financial. The acquisition of the Maple portfolio takes Apeiron’s total German logistics asset acquisitions to almost 600,000 sqm.

The 150,000 sqm logistics portfolio comprises three assets in important German logistics locations, including a 100,000 sqm fulfilment centre let to a well-known e-commerce specialist. Each of the assets in the portfolio are well-positioned close to key domestic and international roads with excellent access to transport infrastructure. The weighted average lease term for the assets is close to 14 years.

Vojkan Brankovic, CEO and Founder, Apeiron commented: “The Maple portfolio is a unique collection of high-quality assets let to some of the world’s leading companies. Each of the buildings is well-located in established logistics hubs and have a high technical specification. The acquisition builds on a number of recent deals for Aperion which has seen our portfolio expand significantly in Germany and is in line with our stated strategy of acquiring excellent logistics assets across key transport routes.”

Clifford Chance, KPMG, CBRE and Drees & Sommer advised the purchaser.

Notes to Editors:

About Apeiron
Apeiron is an independent real estate investment and asset management firm dedicated to real estate opportunities in Europe with a particular focus on the UK and German real estate market, with offices in London, Munich and Luxembourg. Its property investments are made through independent platforms owned by Apeiron and its capital partners, consisting of leading pension funds, sovereign wealth funds and financial institutions.

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For further information, please contact:

PR for Apeiron:
Smithfield Group
Rob Yates
+44 (0)7715 375443
Ryates@smithfieldgroup.com

19/08/2019 <br> Apeiron sells prime Stratford student housing asset with adjoining land offering extensive development opportunity

LONDON | STRATFORD – Apeiron sells Stratford student accommodation site

Apeiron sells prime Stratford student housing asset with adjoining land offering extensive development opportunity

London, 19 August 2019 – Apeiron Capital Limited (“Apeiron”), the European asset and investment management specialist has today announced the sale of its student accommodation asset, Poland House, in Stratford to a programmatic venture managed by Curlew Capital that is exclusive to clients of CBRE Global Investment Partners (CBRE GIP). The sale price has not been disclosed.

The site, which was acquired by Apeiron in 2015, incorporates a 100-bed student housing asset and an adjoining vacant property (part of the former Three Mills East Filling Station) suitable for redevelopment. Demand for London student accommodation remains strong and the property has been let continuously at 100% year-on-year.

Located on Stratford High Street and close to both Stratford International and Stratford High Street stations, the asset has benefitted from both the strong transportation links and its proximity to local amenities at Westfield shopping centre as well as the significant regeneration and ongoing local investment following the London Olympics in 2012.

This transaction is Apeiron’s second in London in the last twelve months and follows the sale of the Queensway House office, also in Stratford, in Summer 2018. Besides Apeiron’s activity in the UK, the company has been very active in Germany where Apeiron has transacted close to EUR 900m in value during the last twelve months.

Vojkan Brankovic, CEO and Founder, Apeiron commented: “Apeiron remains committed to its core markets in the UK and Germany where we continue to see excellent investment opportunities. Whilst student housing in the UK continues to offer attractive returns for investors, we see particularly strong opportunities in UK and German logistics real estate. We feel that the time is right to focus our investments into these core areas in partnership with our investors.”

Paul Oliver, CEO and Founder, Curlew Capital commented: “Curlew and it’s institutional partner CBRE GIP are delighted to have acquired this asset – adding a London development site to further enhance the development programme for the Curlew Student Trust 2 PBSA Fund”.

JLL acted for Apeiron on both transactions. Mishcon de Reya (UK legal), Carey Olsen (Guernsey legal) and BDO (tax) advised.

Notes to Editors:

About Apeiron

Apeiron is an independent real estate investment and asset management firm dedicated to real estate opportunities in Europe with a particular focus on the UK and German real estate market, with of a particular focus on the UK and German real estate market, with offices in London, Munich and Luxembourg. Its property investments are owned together with capital partners, consisting primarily of leading pension funds, sovereign wealth funds, and financial institutions.
For further information about Apeiron please see our website: www.apeiron.com

About Curlew

Curlew is a privately owned, UK based, real estate business, focusing on the Development and Investment Management of Alternative Real Estate Assets & Funds. To date, it has raised and invested over £1bn through Indirect Funds and Direct Single Accounts across the UK and the Netherlands. The majority of this investment has been provided by CBRE GIP’s clients and in-house funds across the globe – investing in UK PBSA through the CST1 & 2 PBSA Funds.

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For further information, please contact:

PR for Apeiron:
Smithfield Group

Ged Brumby
+44 (0)20 3047 2527
gbrumby@smithfieldgroup.com

Daisy Hayward
+44 (0)20 3047 2534
daisy.hayward@smithfieldgroup.com

PR for Curlew:
Charlie Oliver
Head of Acquisitions
+44 (0)7900 884 247

23/05/2019 <br> GREENOAK AND APEIRON ENTER THE GERMAN LOGISTICS MARKET WITH 340,000 SQM PORTFOLIO ACQUISITION

LONDON | BERLIN –

• GreenOak and Apeiron acquire three logistics properties in Germany leased to leading automotive and e-commerce tenants in a joint venture with Korean investors
• Demonstrates GreenOak’s continued conviction for Europe’s logistics sector and Apeiron’s continued commitment to German real estate
• To date, GreenOak has acquired 2.8 million square meters of logistics assets across France, Germany, Spain, Italy, Belgium, and the Netherlands
  

London, 23 May 2019: GreenOak Real Estate, in partnership with Apeiron, announces the purchase of a 340,000 sqm German logistics portfolio, as part of its strategy to acquire assets in Europe’s key logistics nodes. The investment was made in a joint venture with Hana Financial Investment and Tiger Alternative Investors.

The portfolio consists of three large warehouse properties with average size over 110,000 sqm, located in established logistics/industrial areas near Munich, Karlsruhe, and Dortmund. The assets are fully leased on long-term leases to German blue-chip companies including the BMW Group, providing mission critical support for just-in-time production and national/global distribution.

The investment represents GreenOak’s entry into the German market, further expanding an investment program focused on the European logistics sector which over the past five years has acquired approximately 2.8 million sqm of assets. The platform consists primarily of large, modern facilities, leased to a diversified list of tenants. Locations include key gateway logistics nodes and capital cities of Europe, such as Paris, Munich, Madrid, Milan, Brussels and Venlo.

Earlier in 2019, GreenOak entered the Belgian market, acquiring two logistics properties totaling approximately 100,000 sqm, through separate transactions. The assets, fully leased to tenants including Carrefour, are located in established logistics areas near Brussels and the Dutch border. GreenOak has recently also acquired 14 logistics assets in France, Spain, and the Netherlands comprising approximately 340,000 sqm.

This investment follows Apeiron’s past logistics investments in Germany and adds to deals by the company within Germany where it has transacted close to €900 million in value over the last twelve months.

John Carrafiell, co-founder of GreenOak commented, “Benefiting from a central location in Europe, a robust economy, low vacancy, and significant supply constraints, the German logistics market is well positioned for continued strong performance. Large, modern and well-located logistics facilities are the key real estate asset for today’s economy. With continental Europe lagging behind the USA and the UK in the provision of these facilities, the fundamentals driving occupier demand are strong. GreenOak’s significant presence across continental Europe’s largest economies positions our platform well as a leading investor and developer in the sector.”

Vojkan Brankovic, founder of Apeiron commented,“This is a really exciting time for German real estate but in particular for the German logistics sector. Changing consumer habits are driving the exceptional growth of this real estate sub-sector and presenting some excellent investment opportunities for those looking for long term stable cash flows. We are extremely pleased to be partnering with GreenOak on this transaction and look forward to working with them on behalf of our new tenants.”

ENDS

About GreenOak
GreenOak Real Estate is an independent, partner owned, real estate focused principal investing and lending firm that seeks to create long-term value for its clients and investors.

Since 2011, GreenOak has raised $10 billion of discretionary equity from institutional investors for real estate equity investment and lending in Europe, the US and Asia, and has acquired approximately $14 billion of assets, with approximately $11 billion of gross assets under management currently.

GreenOak has offices in London, Luxembourg, Paris, Madrid, Milan, New York, Los Angeles, Tokyo, Seoul and Mumbai, with over 100 professionals in dedicated local teams having local knowledge, experience and extensive networks in each market.

About Apeiron
Apeiron is an independent real estate investment and asset management firm dedicated to real estate opportunities in Europe with a particular focus on the UK and German real estate market, with offices in London, Munich and Luxembourg. Its property investments are owned together with capital partners, consisting primarily of leading pension funds, sovereign wealth funds, and financial institutions.

Media Contacts:

For GreenOak:
Harriet Sloane
Prosek Partners
+44 (0)20 3878 8562
hsloane@prosek.com

For Apeiron:
Ged Brumby
Smithfield
T +44 (0)20 3047 2527
gbrumby@smithfieldgroup.com

08/05/2018 <br> Blackstone Announces Acquisition of Berlin Residential Portfolio from KauriCAB and Apeiron

LONDON | BERLIN – Blackstone’s European Core+ platform (“Blackstone”) announces the acquisition of a residential portfolio in Central Berlin from a joint venture which includes, among others, KauriCAB and Apeiron.

The portfolio is principally comprised of 2,500 residential units located in Berlin, the majority of which are concentrated in the prime inner-city districts, with additional units in Brandenburg and Magdeburg.

James Seppala, Head of European Real Estate at Blackstone, said:
“This acquisition is consistent with Blackstone Property Partners Europe’s strategy to acquire well-located residential properties in growth cities and to hold and manage them on a long-term basis on behalf of our investors. Berlin continues to benefit from strong demographic and economic trends, and we are excited by the opportunity to expand our German residential platform in one of Europe’s most dynamic cities.”

Vojkan Brankovic, Chief Executive, Apeiron, said:

“This transaction is another significant deal for Apeiron and reflects the quality of this residential portfolio which we curated over the past few years in conjunction with our partners. The structural evolution of the German real estate market presents significant opportunities to deploy capital and secure strong returns for investors. We plan to bolster our position in the market through the opening off a new office in Munich and continuing to look for compelling investments across real estate asset classes.”

CBRE and Hengeler Mueller acted for Blackstone, and BNP Paribas and Greenberg Traurig advised the sell side.

Contact:
Blackstone
Andrew Dowler
T +44 (0)20 7451 4275
Andrew.Dowler@Blackstone.com

KauriCAB/Apeiron
Smithfield
Ged Brumby
T +44 20 3047 2527
gbrumby@smithfieldgroup.com

About Blackstone Real Estate
Blackstone is a global leader in real estate investing. Blackstone’s real estate business was founded in 1991 and has approximately $120 billion in investor capital under management.  Blackstone’s real estate portfolio includes hotel, office, retail, industrial and residential properties in the US, Europe, Asia and Latin America. Major holdings include Invitation Homes (single family homes), Stuyvesant Town–Peter Cooper Village, Logicor (pan-European logistics) and prime office buildings in the world’s major cities.

Blackstone controls a portfolio of more than 100,000 residential units in Germany, Spain, Sweden and Denmark.

About Blackstone’s European Core+ Real Estate Strategy
Blackstone will be making this investment through its European Core+ real estate investment strategy, which targets substantially stabilized residential, office, logistics, and retail assets in high quality European geographies and gateway cities.

About Apeiron
Apeiron is real estate investment, development and asset management company with operations in the UK, Luxembourg and Germany, with offices in London, Luxembourg and Munich. The group focuses on the residential and alternative residential segments and its property companies/platforms are owned together with capital partners, consisting primarily of leading pension funds, sovereign wealth funds, and financial institutions.

About KauriCAB
KauriCAB Management is a Berlin based investment and asset management specialist whose core business is the ownership and management of rental apartment buildings. The company provides a full in-house suite of services, including deal sourcing, acquisition, structuring, asset management, property management as well as architectural and construction services.

26/10/15 <br> Apeiron Capital launches £300m student housing platform

LONDON | BERLIN – Apeiron Capital (“Apeiron”), the European property specialist has today announced the launch of a new student housing platform with an initial target size of £300m. In addition, Apeiron is pleased to announce its first acquisition, a 100-bed student housing asset in Stratford London for £10.35 million. The transaction offers an initial gross yield of 8.5%. Apeiron estimates its current pipeline of near term opportunities at a further £50 million.

23/09/15 <br> Apeiron increases investment target in Germany to €1 bn following successful portfolio acquisitions

LONDON | BERLIN – Apeiron Capital (“Apeiron”) and Kauri CAB, the European property specialists, in partnership with a leading global Sovereign Wealth Fund, have acquired three residential portfolios in Berlin, comprising approximately 900 apartments, for a combined cost of €100 million. Together with the original investment announced in December 2014, the recent acquisitions bring the JV close to its initial target portfolio size of €300 million.

Following these successful acquisitions, Apeiron has reaffirmed its commitment to the German residential property market by increasing the target AUM for its joint venture platform from €300 million to €1 billion over the near to medium term. The platform has secured additional funding from new institutional and private investors from the Middle East and Asia.

Jacob Cronstedt and Vojkan Brankovic, principals of Apeiron, commented: “With four successful acquisitions made in the last 12 months we are quickly closing in on our initial portfolio target of €300 million. The joint venture platform now has a demonstrable track record of identifying and successfully acquiring assets that adhere to our strict investment requirements. This coupled with the strong rental and capital value growth continuing to underpin the Berlin residential market, means that we are well placed to deliver long-term stable returns for our capital partners and principals.”

“In view of the outlook in this market we have revised our target portfolio size upwards to €1 billion.”

About Apeiron:
Apeiron is a privately held principal investment and asset management firm dedicated to real estate opportunities in the UK, Germany and the Nordic region, with offices in London, Berlin and Stockholm. The company implements investment strategies in niche segments of the real estate market combined with a disciplined asset management approach. Apeiron specialises in the residential segment and related markets.

For further information about Apeiron please see our website: www.apeiron.com

23/09/15 <br> Apeiron and Kauri CAB acquired three Berlin residential portfolios for €100 million

LONDON | BERLIN – Apeiron Capital (“Apeiron”) and KauriCAB Management GmbH (“KauriCAB”), the European property specialists, in partnership with a leading global Sovereign Wealth Fund, have acquired three residential portfolios in Berlin for a combined cost of €100 million.

The recent acquisitions follow the original €130 million purchase announced in December 2014 and €30 million capital investment during the year. Following these successful acquisitions the recent acquisitions include 25 properties comprising 837 residential and 68 commercial units.

10/12/14 <br> Apeiron and Kauri CAB form €300 million property joint venture with leading global Sovereign Wealth Fund

LONDON | BERLIN – Apeiron Capital (“Apeiron”) and Kauri CAB Management GmbH (“KCM”), the northern European property specialists, in partnership with a leading global Sovereign Wealth Fund (together “the JV”), have today announced the formation of a new €300m joint venture partnership.