DWS today announced the completion of a 65 million euros junior loan to finance the development of four mixed-use buildings which form part of Quartier Heidestrasse (QH4) in central Berlin to be constructed by Taurecon, on behalf of a junior debt fund managed by DWS.
Located in Europa City, QH4 is part of the landmark Quartier Heidestrasse redevelopment project set to transform the direct surroundings north of the central train station into a lively urban, mixed use precinct. QH4 will comprise an urban-concept 155-room hotel as well as residential units, office premises and retail focusing on food & beverage and amenities to new residential and office occupiers as well as provision for bicycles and car parking.
Alexander Oswatitsch, Head of European Real Estate Debt for DWS said:
“We are thrilled to play a role in the Quartier Heidestrasse regeneration development, one of the largest development sites in Berlin.” He added: “This transaction reinforces our ability to provide competitive development financing solutions, and highlights our attractiveness as a real estate debt partner.”
Clemens Schäfer, Head of Real Estate, APAC/EMEA continued:
“DWS’s track record of investing into higher leverage junior debt and preferred equity instruments for our European clients spans more than a decade.” He concluded: “In this current market of uncertainty we have witnessed growing interest in junior real estate debt as an attractive alternative of integrating real estate exposure into client portfolios.”
DWS’s real estate debt platform covers European transactions through four offices located in London, Frankfurt, Paris and Madrid.
For further information please contact:
+44 (0) 20 754-72603
DWS - Real Estate
DWS’s real estate investment business has been investing in real estate assets for more than 50 years. As part of the Alternatives platform, the real estate business has more than 450 employees around the world and EUR 65 billion in assets under management as of 31 December 2020, and offers a diverse range of strategies and solutions across the risk/return and geographic spectrums, including core and value-added real estate, real estate securities, real estate debt and opportunistic real estate. The real estate investment business employs a disciplined investment approach and aims to deliver attractive long-term risk adjusted returns, preservation of capital and diversification to its investors, which include governments, corporations, insurance companies, endowments, retirement plans, and private clients worldwide.
About DWS Group
DWS Group (DWS) is one of the world's leading asset managers with EUR 793bn of assets under management (as of 31 December 2020). Building on more than 60 years of experience, it has a reputation for excellence in Germany, Europe, the Americas and Asia. DWS is recognized by clients globally as a trusted source for integrated investment solutions, stability and innovation across a full spectrum of investment disciplines.
We offer individuals and institutions access to our strong investment capabilities across all major asset classes and solutions aligned to growth trends. Our diverse expertise in Active, Passive and Alternatives asset management – as well as our deep environmental, social and governance focus – complement each other when creating targeted solutions for our clients. Our expertise and on-the-ground-knowledge of our economists, research analysts and investment professionals are brought together in one consistent global CIO View, which guides our strategic investment approach strategically.
DWS wants to innovate and shape the future of investing: with approximately 3,500 employees in offices all over the world, we are local while being one global team. We are investors – entrusted to build the best foundation for our clients’ future.