Edmond de Rothschild REIM and Fundament Advisory have formed a residential real estate investment management joint venture in Germany, called EDR REIM Fundament (Fundament).
The new platform will target all residential asset classes in Germany for hold, privatization, assisted living, mixed-use and modern co-living strategies ranging from core to opportunistic risk-return profiles.
The JV will service both partners’ trusted relationships with private and institutional investors and will enlarge the geographical coverage of Edmond de Rothschild REIM’s residential strategies, which currently cover Switzerland and the United Kingdom.
”Created by a team of highly experienced and recognized Real Estate professionals, Fundament already manages several portfolios comprising close to 100 assets with more than 3,000 managed units located in Berlin and Munich, representing a Gross Asset Value in excess of €500 million,” said Edmond de Rothschild REIM in a statement.
”We are looking forward to partnering with Edmond de Rothschild Group in pursuing long-term value-creating investments over the next years. Both partners’ existing and new investors will benefit from Fundament Advisory’s extensive sectoral expertise as well as Edmond de Rothschild REIM’s financial strength and global investors base“, commented Ben Lehrecke, Managing Partner of Fundament.
Stephan Schaal, Head of Investment of Edmond de Rothschild REIM Germany, added: “The team of Fundament Advisory will be a great partner for Edmond de Rothschild REIM Germany and also for the entire Edmond de Rothschild Group. With their entrepreneurial spirit and capacities within investment and asset management, Fundament Advisory is a perfect match for the German Edmond de Rothschild REIM platform. This new JV completes Edmond de Rothschild REIM’s residential strategies in Switzerland and the United Kingdom, which already exceed EUR 3.2 billion.”