Real estate

JenAcon coordinates the entire transaction process from property selection to closing

We accompany all phases of the transaction process with a consultative approach - from property selection and structured marketing to closing and the processing of the conditions precedent. The client’s concerns are always our priority: are acquisitions planned, or will the portfolio be adjusted by sales? Asset or share deal? Should existing properties or project developments be (re-)financed, e.g. classically via debt capital, equity, mezzanine capital, or by a sale-and-leaseback? Whether single assets or portfolios, we focus on volumes compatible with capital markets. In addition to retail properties, we have already successfully sold real estate from all asset classes such as office, hotel, residential, healthcare, parking, light industrial, logistics, special properties (police stations, pharmaceutical parks, etc.), mixed-use or real estate with an NPL background.

Systematisches Vorgehen

Systematic Approach (Sale)

JenAcon arranges

  • Portfolio analysis
  • Asset valuations
  • Document preparation (Teaser, NDA, IM, etc.)
  • Data room structure
     

JenAcon coordinates

  • Sell-side: Preparation of expert reports (technical, environmental, measurement, taxation, legal) & data room provider

JenAcon coordinates

  • Buy-side external brokers (where applicable)


JenAcon arranges

  • Database research (consisting of more than 4,000 investors)
  • Identification of investors
  • Preparation of investor profiles
  • Investor communication

JenAcon coordinates

  • Buy-side: technical & environmental due diligence as well as legal & tax due diligence


JenAcon arranges

  • Organisation and conduct of kick-off-meetings
  • Reconciliation of Process letters
  • Procuring letters of interest (LOIs)

JenAcon coordinates

  • Legal advisors
  • Conclusion of exclusivity arrangements


JenAcon arranges

  • Negotiations/ resolution of critical matters
  • Exclusivity arrangements
  • Negotiations / Resolving of critical matters

JenAcon coordinates

  • Legal advisors
  • Notary
  • Financing institutions


JenAcon arranges

  • SPA negotiations
  • Assisting in settling the conditions precedent (CPs)

Reference project

Our award-winning reference project “Meridian” consisted of short-term and long-term leased assets, undeveloped areas and logistics facilities
 

  • Number of assets: 138
  • Site area: 1,119,000 sqm
  • Lettable area: 225,000 sqm
  • Main tenant: ALDI SUED
  • Regional focus: Southern and Western Germany
  • Exclusively owned properties
  • Special feature: Mixed portfolio of undeveloped areas, vacant assets, short-term and long-term leased assets and two logistics centres
  • Winner of the 2010 PERE Global Award in the category “Europe Deal of the Year"

JenAcon structures and mediates financing for existing properties and for project developments

We provide holistic support to our clients in commercial real estate matters of all kinds. This also includes advice on financing issues. JenAcon is licensed to act as a real estate loan broker according to §34i GewO.

Based on our client’s available equity to be used for the project as well as the project plan, we structure financing with equity and debt capital, mezzanine capital or equity-replacing subordinated loans.

In addition to traditional forms of financing, in the past few years, we have also provided modern forms of hybrid capital, such as participation rights and crowdfunding mezzanines on the one hand. On the other, we realised long-term financing of corporate real estate via leasing structures, depending on which goals are to be achieved and which forms of financing the client prefers.

 

JenAcon - TLG Immobilien - sold 15 retail assets to - SLATE
JenAcon - EDEKA, Marktkauf and CEV - sold 16 Netto discount stores to - GRR Basic Retail Experts
JenAcon - EDEKA, Marktkauf and CEV - sold 44 Netto discount stores to - Generali
JenAcon - EDEKA, Marktkauf and CEV - sold 40 Netto discount stores to - GPEP and Universal Investment
JenAcon - METRO Immobilien Gesellschaft - sold 23 retail assets to - Redos Real Estate and Morgan Stanley
JenAcon - ALDI Süd - sold 138 assets to - MGPA
JenAcon - Karstadt - sold 74 Karstadt Kompakt department stores to - a consortium of Dawnay Day and Hilco UK Limited
JenAcon - Woolworth - sold 111 assets to - Cerberus Capital Management
JenAcon - May & Co. - sold four retail assets to - Habona Invest - and seven retail assets to - Mondial Kapitalanlagegesellschaft
JenAcon - the liquidator of an Isle-of-Guernsey SPV - sold a portfolio of 18 A.T.U. workshops to - a British institutional investor
JenAcon - A NPL servicer - sold the portfolio „Cocktail“, consisting of 11 retail assets to - a Canadian pension funds
JenAcon - Marktkauf and CEV - sold four DIY markets to - The Swiss Fund
JenAcon - Woolworth - sold a logistics centre in Boenen to - Menorah Insurance Company Ltd. and Catella
JenAcon - Edinburgh House - sold a portfolio of 34 retail assets to - GPEP and Universal Investment
JenAcon - in the course of our acquisition mandate from - EDEKA, Marktkauf and CEV - we identified and analyzed more than 300 discount stores and supermarkets - 31 retail assets were purchased
JenAcon - EDEKA and Marktkauf - sold a logistics centre in Laichingen near Ulm to - BEOS
JenAcon - May & Co. - sold four logistics properties operated by Hermes to - Patrizia
JenAcon - Jenoptik - sold several office and commercial properties in Jena to - regional entrepreneurs
JenAcon - Jenoptik - sold three office properties in Hesse to - Zamberk Real Estate Ventures and Bechtolsheim Real Estate
JenAcon - GWB Elstertal - sold 810 apartments and 10 commercial properties in Gera (Germany) to - the DKB (German credit bank)
JenAcon - Universale International - sold a residential and commercial building in Wittenberge to - a housing association in Wittenberge
JenAcon - a family office - sold six premium hotels on the Baltic Sea and in the “Harz” with more than 700 rooms in a package deal - to another family office
JenAcon - Jenapharm and Bayer - sold the PharmaPark to - Infrareal
JenAcon - Jenoptik - sold two light Industrial properties in Ludwigsburg and Stuttgart to - Sirius Facilities
JenAcon - Coperion - sold an industrial area with production, warehouse and office assets to - Christ Logistik
JenAcon - Scherpe and Aurelius - sold two printing properties to- Zabar Group
JenAcon - Arques Industries AG - sold light industrial real estate to - BAUHAUS LTD.
JenAcon - VINCI Park Germany - purchased 100% shares of - netpark - containing 12,000 parking spaces in 12 cities
JenAcon - Kartstadt Quelle AG - leased about 20,000 parking spaces at 70 locations to - VINCI Park
JenAcon - Jenoptik - sold an underground car park in Jena to - Contipark Interparking Group
JenAcon- a large German automobile club - sold its headquarters in Munich to - Eurytos Unternehmensgruppe
JenAcon - Karstadt - sold three department stores in Ratingen, Solingen and Mannheim to - Unimo Real Estate Concepts, Dawnay Day and HLG
JenAcon - EF Malzwerk Gmbh - sold the industrial building „Alte Malzwerk“ in Erfurt to - Nordland Investment
JenAcon - ReaCapital - financed a project development in Dusseldorf with crowdfunding mezzanines by - LO Projects
JenAcon - NATIXIS Capital Partners and Composition Capital Partners - financed a project development of the “Postgalerie” Speyer (Germany) by - GWB Immobilien AG
JenAcon - ALDI Süd - purchased an office property from - AHSTROM Properties Germany and SH.I.R. Real Estate Germany
JenAcon - a pension fund of JENOPTIK AG - sold an office and commercial building to - CORESIS
JenAcon - Karlie - sold its corporate headquarters in a sale-and-lease-back transaction to - DAL Deutsche Anlagen Leasing
JenAcon - ALDI Süd - sold a project development for over 110 residential units to - Dirk Scheerer Unternehmensgruppe
JenAcon - ISARIA Wohnbau AG - sold the financial services provider One Group to - SORAVIA Group
JenAcon - GENERALI - sold 16 retail assets to - x+bricks Management
JenAcon - ALDI Süd - sold an ALDI discount store with student residence to - Schroders Urban Living
JenAcon - EDEKA, Marktkauf and CEV - sold 14 Netto discount stores to - x+bricks Management
JenAcon - EDEKA - sold one retail asset to - GPEP
JenAcon - Deutsche Konsum REIT-AG - sold one retail asset to - BV Beteiligungsgesellschaft mbH Frank Steinert
JenAcon - RATISBONA Handelsimmobilien - sold three retail parks to - Habona Invest, Captiva and an private investor
JenAcon - Deutsche Konsum REIT-AG - - sold seven retail assets to - Habona Invest
JenAcon - Deutsche Konsum REIT-AG - sold one retail asset to - Sonae Sierra
JenAcon - Edeka - sold seven Edeka supermarkets to - Greenman
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