GERMAN USUFRUCT FUND 1
GUF-1 purchases real estate from retirees in Germany, while granting them a lifelong right to live in the property.
The properties are purchased with an average 40% discount,
while the fund builds a portfolio of some of the most sought-
after. off-market properties in Germany. After the expiration of an usufruct contract, GUF-I enhances the property and sells it through Engel & Völkers, von Poll and other leadina real estate partners. This is a stress-tested investment opportunity and is expected to deliver solid returns, even during times of crisis. As a base case scenario, the fund is expected to return a net IRR of 12%.
Real Estate Partner:
Engel & Völkers
EUR 100m (Q4 2023)
5 + 3 Years