Lübke Kelber AG
ISIN: DE000A35JR33
WKN: A35JR3
04 October 2024 11:08AM

EQS-News: Tristan Capital Partners and Lübke Kelber invest in residential portfolio in the Rhine-Main region with a focus on Frankfurt

Lübke Kelber AG · ISIN: DE000A35JR33 · EQS - Company News
Country: Germany · Primary market: Germany · EQS NID: 2002413

EQS-News: Lübke Kelber AG / Key word(s): Real Estate/Miscellaneous
Tristan Capital Partners and Lübke Kelber invest in residential portfolio in the Rhine-Main region with a focus on Frankfurt

04.10.2024 / 11:08 CET/CEST
The issuer is solely responsible for the content of this announcement.


Tristan Capital Partners and Lübke Kelber invest in residential portfolio in the Rhine-Main region with a focus on Frankfurt
 
Frankfurt a. M., 4 October 2024 - The EPISO 6 fund, managed by Tristan Capital Partners, has acquired a residential portfolio comprising approximately 450 units in a joint venture with Lübke Kelber (ISIN: DE000A35JR33). A significant portion of the portfolio is located in Frankfurt, with additional properties in Offenbach, Wiesbaden, and Bad Soden. The portfolio consists of 26 assets totaling around 36,500 sqm. Lübke Kelber will again act as the asset manager for the joint venture and now manages a portfolio of over 3,500 residential units. Recently, the joint venture also acquired 350 residential units in Leipzig.
 
“The residential real estate market in Frankfurt and the Rhine-Main region offers excellent investment opportunities. With this portfolio in prime locations and significant value-add potential, we are once again demonstrating our strong network and market access in Germany,” commented Dr. Constantin Plenge, Managing Director at Tristan Capital.
 
Marc Sahling, CEO of Lübke Kelber, added: “Our focus is on modernizing the portfolio extensively and undertaking energy-efficient refurbishments. In addition, we will make significant investments to enhance the value of individual properties.” The portfolio currently has a vacancy rate of nearly 50%, providing further opportunities for development.
 
This acquisition expands the joint venture’s activities into the Rhine-Main region. The investment focus is on residential assets and portfolios of minimum 300 units in all locations across Germany with the aim of expanding the portfolio.
 
The buyer was advised by McDermott Will & Emery, PwC, TA Europe, CBRE and Colliers.
 
 
About Lübke Kelber
About Lübke Kelber Lübke Kelber is an owner-managed, independent consultancy for real estate transactions drawing on over 55 years of market expertise. The organization focuses on medium-sized enterprises in particular. We operate throughout Germany with 90 highly qualified specialists active in 8 locations in Frankfurt am Main, Berlin, Dresden, Düsseldorf, Leipzig, Munich and Stuttgart. We establish contact with international investors through our international desk in London. On average, we realise an annual transaction volume of up to 1 billion euros with residential and commercial properties We make coinvestments in selected assets, and in this line of business, we offer our partners a platform for asset, property and investment management. Our stringent quality standards, coupled with continuity and reliability, guarantee our clients high success rates with their mandates. Clearly defined and concise structures, mutual respect and transparent communication are at the core of our work. This is how we create value.
For more information, please visit http://www.luebke-kelber.de or http://www.luebke-kelber-ag.de
 
 
About Tristan Capital Partners
Tristan Capital Partners is a real estate investment manager, specialising in value-added investment strategies across all property types in the UK and Europe. Tristan’s pan-European real estate funds include core+, opportunistic and debt strategies, with total assets under management of over €15 billion and a loyal client base of institutional and private investors. The company was founded in 2009. Tristan’s headquarters are in London, and it has offices in Luxembourg, Paris, Amsterdam, Frankfurt. Milan and Madrid. Tristan is an affiliate of New York Life Investments. It is authorised by the Financial Conduct Authority and is MiFID compliant. Please visit www.tristancap.com for more information.
 
  
Media Contact
Ingo Kudla
Marketing Manager
pr@luebke-kelber.de
Taunusstr. 6 | SKYPER Carré
60329 Frankfurt am Main
Telefon: 069 9999-1315
 
Contact Investor Relations / Financial Media:
IR.on AG
Frederic Hilke
0221-914097-0
Luebke-Kelber@ir-on.com

 



04.10.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: Lübke Kelber AG
Taunusstr. 6
60329 Frankfurt/Main
Germany
Phone: +49 (0)69 99991400
E-mail: zentrale@luebke-kelber.de
Internet: www.luebke-kelber-ag.de
ISIN: DE000A35JR33
WKN: A35JR3
Listed: Regulated Unofficial Market in Dusseldorf (Primärmarkt), Frankfurt
EQS News ID: 2002413

 
End of News EQS News Service

2002413  04.10.2024 CET/CEST

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  2018 2019 2020 2021 2022 2023 2024e
Sales1 0,00 0,00 0,00 0,00 0,00 8,70 0,00
EBITDA1,2 0,00 0,00 0,00 0,00 0,00 -0,41 0,00
EBITDA-Margin3 0,00 0,00 0,00 0,00 0,00 -4,71 0,00
EBIT1,4 0,00 0,00 0,00 0,00 0,00 -0,42 0,00
EBIT-Margin5 0,00 0,00 0,00 0,00 0,00 -4,83 0,00
Net Profit (Loss)1 0,00 0,00 0,00 0,00 0,00 -0,44 0,00
Net-Margin6 0,00 0,00 0,00 0,00 0,00 -5,06 0,00
Cashflow1,7 0,00 0,00 0,00 0,00 0,00 -0,44 0,00
Earnings per share8 0,00 0,00 0,00 0,00 0,00 -0,41 0,38
Dividend per share8 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de and Company information
Explanation

1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de

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INVESTOR-INFORMATION
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Lübke Kelber
WKN ISIN Legal Type Marketcap IPO Recommendation Plus Code
A35JR3 DE000A35JR33 AG 11,54 Mio € 15.12.2023
* * *
PE 2025e PE 10Y-Ø BGFL-Ratio Shiller-PE PB PCF KUV
19,27 27,90 0,69 31,18 0,65 -26,42 1,33
Dividends
Dividend '2022
in €
Dividend '2023
in €
Dividend '2024e
in €
Div.-Yield '2024e
in %
0,00 0,00 0,00 0,00%
Financial calendar
Annual General Meeting Q1-figures Q2-figures Q3-figures Annual press conference
27.08.2024 30.09.2024 31.05.2024
Performance
Distance 60-days-line Distance 200-days-line Performance YtD Performance 52 weeks IPO
Last Price (EoD)
+0,00%
10,60 €
ATH 14,90 €
-0,08% +0,00% +0,00% +0,00% +0,95%
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