Heliad Equity Partners GmbH & Co. KGaA / Miscellaneous/Miscellaneous
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Heliad, a publicly listed private equity company, has acquired a
shareholding in TKN Real Estate Solutions AG ('TKN'), Grünwald, thus
raising the number of its major portfolio companies to twelve. Around one
third of the company was acquired for a sum of Euro 4 million. TKN
specialises in the planning, development and marketing of shopping centres
for acquisition by institutional investors and high net worth private
investors (family offices). Alongside individual projects in Germany, the
company has a special geographic focus on East European markets. With a
secured gross rental area of 140,000 m², TKN is, for example, already the
largest developer of shopping centres in the Croatian market.
TKN’s success and its dynamic development are based on the one hand on its
combination of superb management competence and experience in the
specialist shopping centre segment and on the other hand on the highly
attractive East European markets, which are currently not yet developed in
this segment. Unlike traditional residential and commercial real estate,
the shopping centre segment is not linked to prevalent market rental rates
and indices, but rather to the retail sales to be generated at the
location, which are dependent for example on the sector and product range
involved. A further characteristic of this segment is that the tenants are
already involved at an early stage of construction, enabling them to
closely accompany the fitout of the rental areas in line with their
specific requirements. This facilitates the conclusion of advance rental
agreements, thus increasing budgeting reliability, reducing risk and making
it considerably easier to sell the project to investors.
TKN’s two main projects in the East European market are currently being
implemented in Split and Zagreb. The project in Split involves a shopping
centre at the main traffic intersection in the inner city. With a rentable
surface of approx. 50,000 m² and an investment volume of more than Euro 250
million, this constitutes the first large shopping centre in Split. TKN has
also succeeded in securing a superb location in Zagreb in the vicinity of
the airport and directly next to Croatia’s busiest road. The volume of this
project amounts to more than Euro 300 million, with a planned surface of
approx. 70,000 m². Construction work on both projects is scheduled to begin
in the first half of 2008. In Germany, together with an equity fund managed
by JP Morgan, TKN is currently implementing a shopping centre in Langenfeld
with a volume of approx. Euro 45 million. Further shopping centre projects
in Germany and Eastern Europe are currently in the preparation stage.
+++ About Heliad
Heliad is a publicly listed investment company that focuses on companies in
predominantly German-speaking countries. It invests in profitable,
owner-run companies that are undergoing a strong growth phase or that are
in a special situation. Its goal is to generate an above-average
risk/return ratio for its shareholders. With Heliad, investors therefore
participate strongly in the growth prospects of traditional German SMEs as
well as in upcoming German technology companies.
Heliad’s portfolio companies currently have more than 3,700 employees and
generate combined annual sales of more than Euro 350 million.
Further information about the company can be found at www.heliad.de.
Contact:
Heliad Equity Partners GmbH & Co. KGaA
Grueneburgweg 18
60322 Frankfurt am Main
Alexander Mitsch
Chief Financial Officer
Tel.: +49 (0) 69 71 91 59 65 28
E-Mail: alexander.mitsch@heliad.de
DGAP 13.08.2007
Language: English
Issuer: Heliad Equity Partners GmbH & Co. KGaA
Grüneburgweg 18
60322 Frankfurt am Main
Deutschland
Phone: +49 (0)69 719 15 965 0
Fax: +49(0)69 719 15 965 11
E-mail: info@heliad.de
Internet: www.heliad.de
ISIN: DE0006047293
WKN: 604729
Indices:
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Stuttgart
End of News DGAP News-Service