A new Alternative Investment Vehicle That Invests in Retail Real Estate in the German Market
Bankinter Investment SGEIC, Bankinter’s alternative investment management company, and Sierra, a fully
vertically integrated multinational real estate player, have set a new milestone in their alternative investment
strategies with a major real estate transaction. Both entities have launched ORES Germany, a new alternative
investment vehicle aimed at investments in retail real estate in the German market.
ORES Germany currently comprises eight large-scale retail properties, four of which are supermarkets and
four DIY-home stores, thus configuring a defensive and resilient portfolio of assets that can withstand different
economic cycles. All the assets have long-term leases with first-class operators in the food and DIY sectors in
Germany, such as Edeka, Rewe, Aldi and Obi. The total investment volume of the vehicle amounts to EUR
200 million.
ORES Germany provides its institutional investors with access to high-quality retail real estate in the German
market, while offering great cash flow visibility, generating a recurring and stable return from the first year of
investment. Bankinter Investment will manage the vehicle while Sonae Sierra, already present in the German
market, will be responsible for the management of the portfolio.
