- 12.18. Team and Engel & Völkers Asset Control release the primary fund specialized in tourism actual property for institutional traders
- The founding portfolio is composed of 3 houses of 12.18. in Ibiza, Sardinia and in Scotland
- Additional joint hospitality purchases for the fund in strategic cooperation with 12.18. are deliberate
The self sufficient license spouse Engel & Völkers Asset Control has received the primary houses for the brand new EV Recreational Resort Fund 1: The founding portfolio is composed of 3 luxurious resort houses of the 12.18. Team with a price of roughly 280 million euros. Each corporations had introduced the release of the funding answer closing October at Expo Actual, after the gross sales popularity of the German marketplace were granted through the Fee de Surveillance du Secteur Financier (CSSF).
This transaction is the most important deal within the German resort actual property marketplace within the closing 365 days and in addition one of the vital ten greatest gross sales processes within the Eu marketplace throughout the closing two years. “Particularly as of late, the point of interest of 12.18. at the repositioning of tourism actual property in Europe provides sexy funding alternatives for institutional traders,” commented Jörg Lindner, Managing Spouse of the 12.18. Team.
SCHLOSS Roxburghe
The objective worth of the EV Recreational Resort Fund 1 is 500 million euros. traders can take part within the fund, which is structured as a Luxembourg RAIF, from 5 million euros upwards.
Because of the robust build up in financial building in tourism international, the newly introduced luxurious resort fund will replicate the significantly excessive doable of Eu luxurious resort houses.
Anton Tjoonk, Managing Director of Engel & Völkers Asset Control: “We’re proud that we have got now finished the contribution of the primary houses. All motels are situated in distinctive, non-replicable places and feature been or can be widely revitalised through our cooperation spouse 12.18. to satisfy the easiest calls for – of each visitors and traders”.
A a hit and rising portfolio
12.18. is a strategic spouse for the fund and acts similtaneously developer and operator of those luxurious motels with its a few years of global enjoy. The founding portfolio is composed of 3 houses in widespread locations in Spain, Italy and Scotland:
Opened in 2018, the luxurious hotel 7Pines Lodge Ibiza is a part of the unique “Vacation spot through Hyatt” Assortment. After revitalisation and repositioning, the all-suite hotel with 185 sumptuous suites has turn out to be one of the vital main luxurious way of life locations within the Mediterranean, awarded with a prestigious Condé Nast Traveller Readers’ Selection Award 2021.
At the distinctive island of Sardinia, the 7Pines Lodge Sardinia is being constructed close to Porto Cervo. The hotel is preferably situated in Baja Sardinia, surrounded through 15 hectares of untouched beach and nature reserve. The valuables is these days present process in depth revitalisation. When it opens this summer season, along with 76 particular person rooms and suites, it’ll be offering one primary personal seashore in addition to 4 secluded coves; a Natural Seven Spa; and 3 eating places and 3 bars, together with the Cone Membership, an unique seashore membership. This hotel in Sardinia may also be a part of the “Vacation spot through Hyatt” Assortment.
SCHLOSS Roxburghe, situated within the pristine rural Scottish Borders, is of an identical luxurious usual however with a wholly other personality. Opened in 2019, the resort inside an 18th-century manor area used to be commemorated through the Sunday Instances because the “best possible position to stick.” An extension with a 600-square-foot spa space, trendy assembly areas and 58 rooms is these days underneath building; the hole is scheduled for 2022. Set towards the backdrop of the related golfing path, which is among the greatest in Scotland, an extra 62 cottages with as much as 3 bedrooms are these days being constructed.
“The will to shuttle is undamaged regardless of the pandemic. The truth that many of us are eager for day out in a firstclass holiday vacation spot could also be proven through our trade figures for the previous season: 12.18. used to be in a position to extend charges in any respect its houses and on the similar time have the benefit of excessive occupancy charges. At 7Pines Lodge Ibiza, as an example, the velocity build up used to be 21 p.c. Subsequently, we’re satisfied that the release of the luxurious resort fund holds nice doable,” explains Jörg Lindner.
EV Recreational Resort Fund 1: Clutch alternatives
“We plan to construct a diverse portfolio of top of the range motels and inns focussing on widespread vacationer locations in Europe. Subsequently, additional investments are deliberate, which is able to range when it comes to challenge quantity, places and their possibility profile,” says Anton Tjoonk.
Additional houses in remarkable places have already been recognized for additional enlargement of EV Recreational Resort Fund 1. Along with the motels operated through 12.18. within the founding portfolio, additional acquisitions also are to be made in cooperation with different famend resort operators with a view to absolutely exploit the property-specific doable.
In regards to the 12.18. Team: The 12.18. Team, with its headquarter in Düsseldorf, provides funding, building, asset control, hospitality control and gross sales from a unmarried supply. As an owner-managed corporate with greater than 40 years of experience of the founder Jörg Lindner, 12.18. makes a speciality of high-yield houses with nice building doable in the most efficient places in Germany, Europe and international. The stocks of the corporate are held similarly through the Lindner circle of relatives and the Versorgungswerk der Zahnärztekammer Berlin Ok. d. ö. R.. The 12.18. provider spectrum levels from acquisition and conception, financing and revitalization to operation, advertising and marketing and gross sales. Simplest one thing particular and distinctive, so the corporate’s philosophy “Another way. On idea.”, will also be a hit in the longer term. The corporate these days employs over one thousand other people international and manages an funding quantity of 500 million euros.
About Engel & Völkers Asset Control: EV Asset Control GmbH, license spouse of Engel & Völkers Marken GmbH & Co. KG, is a bank-independent actual property funding and asset supervisor protecting all of the actual property worth chain from acquisition, valuation, financing and control to go out. The corporate is absolutely built-in into the worldwide Engel & Völkers license spouse community. It cooperates with quite a lot of spouse corporations and thus has unique get right of entry to to fascinating actual property tasks and native expertise. In combination, they change into their deep working out of actual property markets into funding alternatives for institutional traders – throughout Europe.
www.engelvoelkers.com/assetmanagement
PRESS CONTACT 12.18.
Isabel Carosi
Advertising & PR Supervisor
12.18. Hospitality Control GmbH
Königsallee 2b
D-40212 Düsseldorf Germany
Fon: +49 (0) 211 5 80 80 7 383
Fax: +49 (0) 211 5 80 80 711
Mail: i.carosi@12-18.com
Internet: www.12-18.com
