In the first six months of its business operations, Aukera Real Estate AG (Aukera) made two new investments totalling around 162 million euros through the credit fund it advises, increasing the fund volume to 471 million euros. In the process, the investor contributed three assets from its own portfolio to the fund with a loan volume of around 270 million euros and entrusted them to the Aukera team for ongoing management.
Overall, Aukera can thus look back on a successful 2020 financial year and the investment team is confident that it will be able to invest the investor’s currently unused capital commitments in the first quarter of 2021.
“Since we started advising the investor’s fund, we have analysed loan opportunities valued at over 4 billion euros. The deal flow is very strong quantitatively and qualitatively, especially from German-speaking countries,” says Lars Armgart, CEO Aukera, adding: “In the current market phase, the Real Estate Debt asset class offers many good opportunities with very attractive risk-return profiles in first-class locations. This is clearly reflected in the loan enquiries and in the talks we hold with business partners on a daily basis. Furthermore, we are delighted that the investor has also entrusted the ongoing management of three of its portfolio loans to us. We wish to express our gratitude for the trust placed in us.”