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Investment Strategy

Our main focus is Germany, with interests also in Portugal, where structural market imbalances exist in the supply and demand of residential and commercial properties.

Addressing such structural market needs with the right development solutions, provides for long-term investment success and strong growth prospects. This is achieved by either directly investing into large-scheme development projects or real estate developers.

As a fully integrated real estate development platform, Aggregate Holdings is covering the entire value chain in its investments: from acquisition and financing to planning, development and marketing with the aim to then either sell to third parties or keep as yielding asset for the long-term.

Build & Hold assets

Development assets –constructed and held long-term for rental income genereation

Build & Sell assets

Development assets –constructed and sold to third parties for revenue generation

Financial real estate assets

Investments with higher liquidity, either long-term strategic assets or opportunistic short-term assets

Strategy – Strong focus on value creation

1
Growth opportunities

Off-market investment opportunities

  • Plots / projects
  • Real Estate Developers
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2
Real Estate Development

Value creation

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3
Capital Recycling

Forward-sale

Reinvestments

Selective holdings

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4
Financing Optimization

Sustainability

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Aggregate Holdings

Growth opportunities
Sustainable value creation
1
Growth opportunities
  • Access to unique off-market transactions
  • Long-lasting business network established across Germany & other EU countries
  • Positioned to acquire further plots and / or real estate developers
2
Real Estate Development
  • Development profits as key driver of value creation
  • Selective assets developed to own
  • Profitable utilization of own land reserves
3
Capital Recycling
  • Specialist in forward-sale to institutional investors and condo selling to individuals
  • Reinvestment of profits into acquisition of identified pipeline
4
Financing Optimisation
  • Wide and structured approach to construction financing
  • Ability to further optimize existing capital structure
  • Broad network of international lending partners

”Build & Hold“ assets

Selective development assets sourced to keep long-term as yielding assets after construction.

Inhouse project management and development combined with optimised financing solutions maximise the basis for strong value accretion of these projects post completion while assets are let out and generate rental cash flows.

”Build & Sell“ assets

Development assets are constructed and sold to institutional investors and individual investors. Development margins are enhanced by optimising project financing in conjunction with effective capital recycling.

The efficient matching of construction milestones with received deposit payments on sales allows for cash flow optimisation and project risk reduction.

Financial real estate assets

c.6% STAKE IN ADLER GROUP
NON-CORE REAL ESTATE PROJECTS AND OTHER FINANCIAL ASSETS

This division includes various investments, which is the combination of strategic long-term and short-term investments. The different strategies can be applied across various time frames to either focus on maximising shareholder value or to create liquid investment profiles. Aggregate has historically utilised this segment efficiently to hold stakes in some of the largest real estate companies in Germany and the German-speaking region and it currently holds a c.6% stake in Adler Group. The segment currently holds an impressive development portfolio of eleven real estate projects, located in the major cities of Berlin, Hamburg, Frankfurt and Dusseldorf, as investments now for sale.

The Financial Real Estate Assets division has access to unique off-market transactions, through a long-lasting business network established across Germany and the German-speaking region, a focus on the profitable sale of own land reserves, and the ability to further optimise the existing capital structure with best-in-class assets. Division includes total 11 real estate development projects in key locations across Berlin, Hamburg, Frankfurt and Dusseldorf, division also includes Aggregate’s c.6% Adler Group Stake as of June 2022.