The International Real Estate asset class develops targeted closed-end real estate funds. It currently concentrates on investments in core office and retail properties in Central and Western Europe, North America and Asia. In selecting real estate, our focus is on premier locations or those with clear development potential as well as long-term lease agreements and a top-class mix of tenants.
Central Europe
Since the expansion of the EU in 2004, Hannover Leasing has been active in the largest real estate markets of the new member countries: Prague, Warsaw, Bratislava and Budapest. Our first Central European fund was developed in 2005 for the Praha City Center, followed in 2006 by the "Wachstumswerte Neues Europa 2" fund (Growth Assets New Europe 2) for the Apollo Business Center in Bratislava.
Western Europe
At the beginning of the second half of 2007, Hannover Leasing made its debut in Western Europe by acquiring shares in a Luxembourg company. The star-shaped "An der Drosbach" office complex in Luxembourg's Cloche d'Or market is being built in several phases. Thanks to our Wachstumswerte Europa 3 fund (Growth Assets Europe 3), a true "star" is now shining in the Luxembourg real estate sky. We hope to further expand our business activities in the Benelux region.
USA
In the US, Hannover Leasing has invested in office buildings in various locations including New York, Miami, Washington, Atlanta and Nashville. In 2007, we took advantage of extremely favorable pricing on the US real estate market to sell the majority of our US portfolio.
In 2008, Hannover Leasing established a closed-end fund that invests in a shopping center development project in Nashville, Tennessee.
Asia
In the growth markets of the Far East, Hannover Leasing is currently active in the boom regions – from Shanghai to Kuala Lumpur to Bangalore – through its "Wachstumswerte Asien" fund (Growth Assets Asia).
