The properties, which are leased long-term, are located in Würselen near Aachen, Sankt Augustin near Bonn, Gundelfingen near Freiburg, Koblenz, Regensburg and Korntal, close to Stuttgart.

Matthias Wilke, Partner at REVCAP, said: “We bought the assets in 2018 for our core-plus strategy. Since then, we have extended leases to beyond 2032 across the entire portfolio. Combined with their excellent placement for retail as well as last-mile logistics in economically strong regions and metropolitan areas, demand from core-oriented investors was strong.”

Raviv Koren, Managing Partner at MiDEAL, said: “We find this deal is a direct continuation of our strategy to expand our portfolio in Germany and in Western Europe. We see strong demand for the locations the properties are located in, and we are confident about the current and alternative use of the buildings.”

Going forward, REVCAP will continue to acquire investments for their core-plus and value-add strategies across Germany as well as strategic investments alongside exceptional management teams in differentiated real estate platforms.

MiDEAL will keep on its investment activity across Western Europe with an emphasis on Germany, aiming to deploy its recent fund “MiDEAL II” and to add to its existing portfolio additional properties worth around EUR 1 billion over the next three years.

 

 

About REVCAP:

REVCAP is a pan-European real estate investor with offices in Frankfurt, London, Paris and Stockholm. The company was founded in 2004 and since then has initiated and financed property investments with local joint venture partners. Since its foundation, REVCAP has taken part in real estate investments worth over €12.4bn, €3.4bn of which in Germany.

 

About MiDEAL Real Estate Funds:

MiDEAL Real Estate Funds purchase and manage commercial real estate properties in Western Europe, with an emphasis on logistics investments in Germany. Amongst MiDEAL’s investors are leading Israeli Institutional investors, as well as family offices and high-net-worth individuals. MiDEAL’s investment strategy involves the acquisition of properties with long term leases, as well as investments in value-add / turnaround properties.

 

MiDEAL Real Estate Funds

Vered Bisror

Tel: +972-72-2400228

Email: office@midealgroup.com