Primus finances with institutional investors. FAP advices on structure and selection process
PRIMUS Immobilien AG, a leading property developer in Berlin, is witnessing continued strong demand for freehold apartments in the Berlin borough of CharlottenburgWilmersdorf. Since 2018, the company has been marketing apartments in two ongoing residential developments, "105 Park Residences" and "fiftysix".
PRIMUS Immobilien AG, a leading property developer in Berlin, is opening its doors to institutional investors. The company agreed its first long-term capital partnership with a German insurance company in January of this year. The insurance company has placed an amount in the mid-double-digit millions of euros at the company's disposal for financing investments in real estate projects in Berlin and on the Baltic coast. FAP orchestrated the selection process and advised on the structuring of the capital provision. The first funds for financing three developments in Berlin have already been drawn down. "Previously, we have largely financed our developments via partnerships with wealthy private investors," says Sebastian Fischer, Director of PRIMUS Immobilien AG.
We are now extending our partnerships to institutional investors, such as insurance companies, pension funds and pension schemes, which positions us excellently for the future," adds Fischer. PRIMUS Immobilien AG increased its development volume to just over a billion euros in 2018. Further development acquisitions are planned.