Commodus to invest €400 million this year
Commodus, private equity investor with a focus on real estate, plans to allocate €400 million ($483 million) to the acquisition of office and mixed-use properties this year. In addition to the major German cities of Berlin, Munich and Hamburg, the European metropolises of Madrid, Paris and London have been in focus as target markets since 2020.
Leonhard Sachsenhauser, managing director at Commodus, said, “In 2021, we want to invest a further €400 million [$tk million] in mixed-use properties, and urban developments, in line with our active asset management strategy. Our focus lies on the three most important German cities as well as the most dynamic European metropolises. In addition to the planned acquisitions, we are also increasingly enabling the value-creation potential in our existing portfolio through the expansion of our asset management capabilities. With the help of our discretionary capital and the resulting fast transaction times, we were able to add new proj