Brandenburg Realty has closed having raised €150 million.
Shore Capital Group Limited
(“Shore Capital,” the “Company” or the “Group”)
Brandenburg Realty has closed having raised €150 million
Further to its announcement on 20 March 2015, Shore Capital, the independent investment group specialising in equity capital markets, principal finance and alternative asset management, announces the final close of Brandenburg Realty Limited and associated entities (“Brandenburg Realty” or the “Fund”) which has been established to invest in German residential real estate. Shore Capital has made a commitment of €12.5 million in Brandenburg Realty.
Brandenburg Realty’s primary focus is to acquire well-located, high quality residential buildings in major German cities, with a focus on Berlin, in order to exploit the sector’s strong growth potential in Europe’s largest economy.
The Fund has raised in aggregate €150 million from institutional investors and family offices, predominantly from the United States, and includes a co-investment commitment of €7.7 million from Puma Brandenburg Limited.
Commenting on the closing, Howard Shore, Executive Chairman, said:
“Brandenburg Realty will build on Puma Brandenburg’s successful track record in the German real estate sector developed over the past decade. With our team on the ground in Berlin, we are perfectly placed and have the in-house expertise to assist the new vehicle in executing its strategy to acquire well located, high quality residential buildings in major German cities. We are particularly delighted to be supporting Brandenburg Realty, together with a number of significant US institutional and family office investors.”
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Enquiries:
Shore Capital | +44 (0) 20 7468 7911 |
Howard Shore, Executive Chairman | |
Lynn Bruce, Director | |
Grant Thornton UK LLP (Nominated Adviser) | +44 (0) 20 7383 5100 |
Philip Secrett | |
Melanie Frean | |
Jamie Barklem | |
RBC Capital Markets (Broker) | +44 (0) 20 7653 4000 |
Josh Critchley | |
Oliver Hearsey | |
Bell Pottinger (Public Relations) | +44 (0) 20 3772 2500 |
Olly Scott | |
Zoe Pocock |
About Shore Capital
Shore Capital is an AIM quoted independent investment group. Founded and owned by entrepreneurs, for three decades Shore Capital has been helping entrepreneurial businesses reach their full potential, find committed long term investors and develop into significant enterprises. The business offers innovative corporate advice; a leading market-making business; some of the most respected investment research available in the UK; and a diverse range of high quality investment opportunities, including its hugely successful VCTs and principal finance activities. It is a business founded on four simple values – integrity, drive, competence and trust.
The Group is based in Guernsey, London, Liverpool, Edinburgh and Berlin. Shore Capital Stockbrokers Limited, Shore Capital and Corporate Limited, Shore Capital Limited and Puma Investment Management Limited are each authorised and regulated by the Financial Conduct Authority. Shore Capital Stockbrokers Limited is a member of the London Stock Exchange.