Past performance is not a guide to future returns. An illustrative example. The presented asset is closed to new investors.

Overview

New future neighbourhood development in Bremen with over 20 hectares and a volume of approx. €700 million. In addition to offices and flats, it will feature various cultural and gastronomic facilities ranging from restaurants/cafés to an event location, a hotel as well as new theatres and orchestra halls. Furthermore, various fitness and leisure facilities will enrich the neighbourhood and provide an active balance to everydays working life.

The numerous green spaces and parks will provide relaxation. Other facilities will provide excellent infrastructure (i.e. a kindergarten, various playgrounds, charging stations for electric cars, bikes and e-scooters etc.). The development will also profit from very fast internet (up to 10 Gbit/s) due to its proximity to a major data hub in the neighbourhood.

Background

  • New building which offers modern office and parking facilities which are fully let..
  • Highest ESG-Standard (Green roof and photovoltaics as well as heat generation from renewable sources)
  • Due to the current market conditions Columbia Threadneedle took the opportunity to acquire a new office building with very good tenants (as Siemens, University, etc.) at a reduced price
  • Property acquisition for an existing client thanks to strategic asset allocation

Key metrics

Location

Bremen « Tabak »-Neighhbourhood

Investment strategy

Mixed-use  Asset / Core Investment

Sector

Mixed-use (office & parking)

Gross leasable area

9000 sqm

Acquisition date

November 2023

Holding period

Indefinite

Tenants: Office / Parking

6 / 1

Insights

21 June 2024

James Coke

Fund Manager & Co-head of Institutional UK Real Estate

Emma Gullifer

Assistant Fund Manager

Green to gold: realising opportunities from the carbon transition

We explore the interventions required to monetise green energy, and how investors might benefit from the carbon transition.
Read time - 2 min
22 May 2024

Joanna Tano

Head of Research, Europe, Real Estate (EMEA)

UK Real estate – Overview Q1 2024

Total returns for the UK commercial property market turned positive in Q1 2024.
Read time - 3 min
25 April 2024

Joanna Tano

Head of Research, Europe, Real Estate (EMEA)

UK Real Estate: Talking Points April 2024

Our quarterly snapshot of current real estate market trends.
Read time - 2 min
15 February 2024

Hans Nordby

Head of Research & Analytics, Real Estate (US), Lionstone Investments

Joanna Tano

Head of Research, Europe, Real Estate (EMEA)

2024 Global Real Estate Outlook

What's in store for real estate in 2024? Global megatrends and financial conditions will impact returns and sector allocation.
Read time - 4 min
20 December 2023

Marcus Phayre-Mudge

Head of Property Investment, Thames River Capital

George Gay

Fund Manager

Targeting relative value in listed real estate

With inflation data suggesting we are at or near the peak in interest rates and investors assessing scope for cuts in 2024, real estate equities have risen sharply from their lows.
Read time - 4 min
12 December 2023

Assia Amore

European Fund Manager, Real Estate

Ian Kelley

Managing Director, Head of France, Benelux & Southern Europe, Real Estate

Joanna Tano

Head of Research, Europe, Real Estate (EMEA)

The resurgence of Europe’s luxury high streets is gathering momentum

High street retail markets across Europe are benefitting from the solid recovery of tourism, both international and domestic.
Read time - 3 min
31 August 2023

Marcus Phayre-Mudge

Portfolio Manager, TR Property Investment Trust

A diversified investment opportunity 

Property returns are not all about capital values, fundamentally, property is about income and the ability to grow that revenue stream.
Read time - 3 mins
30 June 2023

James Coke

Fund Manager & Co-head of Institutional UK Real Estate

UK real estate: half-year health check

Despite volatility in the UK property market over the past 12 months, there's been a nascent pricing recovery since March. So, what's the outlook like for the rest of the year?
Read time - 4 min
17 March 2023

Stewart Bennett

Global Head of Alternatives

Real estate – understanding the new normal

Where next for real estate? With sections on the UK, Continental European and US real estate our team take a closer look at the economic backdrop, activity in 2022, the outlook for 2023 plus strategy calls across various sub-sectors.
Read time - 9 min

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