The disposal is EVAF II’s first exit in Germany and second overall. A strong example of a comprehensive redevelopment project resulting in material value creation for investors, the Hainichen sale has crystalised significant outperformance. 

EVAF II is the second fund in a series by Invesco Real Estate dedicated to pan-European value-add investment. It aims to deliver superior risk-adjusted returns through intensive asset management, creating stabilised assets for sale into core markets. With flexibility to invest across all sectors, the underlying strategy focuses on micro-locations with the greatest demand from tenants. 

Located between Dresden and Chemnitz in Saxony, Hainichen was initially acquired in early 2021 and developed in partnership with FUCHS Immobilien GmbH & Co. KG. A new seven-unit facility was developed with a strong focus on the highest sustainability standards. Qualifying for the KfW40 environmental subsidy, it also received DGNB Gold Certification. 

Saxony has become a valuable location for Europe-wide distribution, with nearby Leipzig airport the second largest in Germany. The Hainichen site is located adjacent to the A4 motorway in the Leipzig/Dresden/Zwickau triangle. It is near the Polish & Czech border, with excellent connections to both Krakau and Prague. Approx. 6 million consumers can be reached within a 70 minutes’ drive.

You can now read the full press release at the link below