Hamburg Trust and GalCap cooperate in the Austrian residential market

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The investment and asset managers Hamburg Trust and GalCap Europe from Hamburg and Vienna have agreed on a long-term, exclusive cooperation for the acquisition and management of residential real estate in Austria.

The investment and asset managers Hamburg Trust and GalCap Europe from Hamburg and Vienna have agreed on a long-term, exclusive cooperation for the acquisition and management of residential real estate in Austria. GalCap Europe takes over responsibilities in the fields of property sourcing, transaction management and asset management in Austria for the residential real estate funds of Hamburg Trust. The target is an investment volume in the multiple hundreds of millions range, with a focus on Vienna, supplemented by attractive provincial capitals such as Graz and Linz. Initial purchases are nearing completion. Investment properties include both existing real estate and project developments (forward deals) with lot sizes of EUR 10 mln or more.

Dr. Georg Reul, Chief Executive Officer of Hamburg Trust: “Through our partnership with GalCap, we can now offer our institutional investors not only residential real estate in Germany, but also Austria as a comparably stable market in the domicilium INVEST series.”

According to Dr. Manfred Wiltschnigg, Managing Partner of GalCap Europe, sees great potential in this cooperation: “GalCap is firmly rooted in Austria. Our local presence, our market know-how and, not least, our close-knit network enable us to continuously generate good investment opportunities. Together with Hamburg Trust, we will use them for institutional investors. ”

Vienna-based GalCap Europe was founded in 2015 by Dr. Manfred Wiltschnigg, Marco Kohla and Paul Hallam and has since established itself as a specialized investment and asset manager for the Austrian and CEE regions. In addition to German pension funds and insurance companies, clients include family offices and Anglo-Saxon private equity funds, for which GalCap Europe is a local partner in the region. www.galcap-europe.com

The Hamburg Trust Group is a real estate investment and asset manager active since 2007. Through the capital management company, Hamburg Trust REIM Real Estate Investment Management GmbH, open and closed special AIFs are launched. The bank-independent and medium-sized company currently manages real estate valued at around 1.1 billion euros for institutional and private investors. www.hamburgtrust.de

Source: GalCap Europe, 03.10.2018