News

BPT Hansa pays out interim dividends

Following an exceptionally rewarding disposal of the Weinmeisterstraße property in early 2013 and closing the reinvestment in Bessemerstraße, the investors of BPT Hansa will receive an interim dividend of 2.0% this year. The outlook for Germany and Berlin continue to be excellent.

Based on BPT Hansa’s capital gains from the most recent disposal and on solid rental revenues, the Board of Directors have made a decision to pay out an interim dividend of 2.0% in December 2013 to the fund’s investors.

During an eventful year of 2013 BPT Hansa has successfully finished its first disposal. The Fund sold the Weinmeisterstraße property in Berlin for EUR 1.4 million, or 17% above the latest independent valuation, and approximately EUR 4.6 million above book value. The sale is the result of the Fund’s strategy to dispose buildings with fully exhausted value enhancement potential.

“Based on the capital gains from disposal of Weinmeisterstraße, with an IRR of 11.68%, and the projected revenues, the fund is in a solid cash position”, says fund manager Georg Haider.

In 2014 the management will focus on creating an umbrella fund with the possibility of opening new compartments for new investors, with primary focus on greater Berlin. Once approved by the shareholders and fully implemented, this would provide old and new investors with a focused investment concept between different asset classes for the first pure “Berlin Fund”, allow additional further multi-compartments as well as further reduce overhead costs for the current investors. In this respect, the management is looking at different investment opportunities and future BPT German investment focus will primarily be on Berlin.

Investors interested in the fund, please contact:

  • Georg Haider, Fund Manager of BPT Hansa Lux SICAV-SIF
    Tel: +49 30 20 21 59 87, gh@bptam.com

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