Osborne Clarke has advised Habona Invest GmbH on its retail Fund “Retail Fund 05” for distribution of AIF. The Federal Financial Supervisory Authority (BaFin) has authorized the Fund of the investment company. The Fund is expected to amount approximately €68m and has a base period of five years.
Habona Invest GmbH provides alternative investments specialised in real estate. The Habona Retail Fund 04 was fully placed in June 2015 with an equity capital volume of more than €41m., exceeding the placing volume. This latest Fund continues the successful series of Habona Funds. As with all Habona’s Alternative Investment Funds, HANSAINVEST Hanseatische investment-GmbH acts as an external capital management company.
The basis for the company’s success is laid by profitable real estate in the food retailing sector with creditworthy anchor tenants, such as REWE and EDEKA. The lease agreements run far beyond the term of the Fund according to Habona’s safety concept, which underlines its unique character in the area of Alternative Investment Funds.
The Osborne Clarke team that advised Habona was led by Partner Tanja Aschenbeck-Florange and Associate Thorge Drefke. The German Team has most recently advised the company on the fund structuring and distribution of the innovative “Habona Kita Fund 01” that invests in German childcare institutions and has a base period of eleven years.