EQT Real Estate in lease agreement with Deutsche Bahn
The EQT Real Estate I fund signs a lease agreement with Deutsche Bahn AG for its office building Atricom in Frankfurt. The tenant is Deutsche Bahn’s logistics Unit DB Schenker Deutschland. The lease has a fixed term of 10 years.
Schenker Deutschland AG will move its headquarters, with over 500 employees, to the Atricom building during second quarter of 2018. The property is undergoing a comprehensive overhaul, with the aim to modernize the building and office space, whilst ensuring it has a truly sustainable footprint.
Frank Forster, Director at EQT Partners and advisor to the fund, said:
“EQT has a long-term value creation approach, and thus focusses on the sustainability of the underlying real estate. This sustainability principle is not only aimed at optimizing the ecological footprint of the individual real estate investments, which should be a given today. EQT is also aware that in each sub-market, prominent, central buildings such as Atricom have an impact on the quality of life of people working in them and those working or living in the neighborhood.”
EQT Real Estate I has engaged Apleona to help manage the project, for services ranging from property and development management, as well as landlord representation.
Frank Forster, Director at EQT Partners, Investment Advisor to EQT Real Estate I, +44 20 8432 5404
Robert Rackind, Partner and Head of EQT Real Estate at EQT Partners and Investment Advisor to EQT Real Estate I, +44 207 430 5555
EQT Press Office, +46 8 506 553 34
EQT is a leading investment firm with approximately EUR 38 billion in raised capital across 25 funds. EQT funds have portfolio companies in Europe, Asia and the US with total sales of more than EUR 19 billion and approximately 110,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.
More info: www.eqtpartners.com
About EQT Real Estate I
EQT Real Estate I will seek to make direct and indirect controlling investments in real estate assets, portfolios and operating companies that offer significant potential for value creation through repositioning, redevelopment, refurbishment and active management. The investments will typically range between EUR 50 million and EUR 200 million. The fund is advised by an experienced team from EQT Partners, with extensive knowledge of property investment, development and intensive “hands-on” asset management, and with access to the full EQT network, including 10 European offices and more than 250 industrial advisors.