Capabilities

Investment Management

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Capital Relationships

The starting fundamental of real estate fund management is the ability to connect investors having similar objectives with opportunities. Therefore, maintaining high level contact with large scale investors and lenders is the fund manager’s lifeblood. We believe that Principal Real Estate Europe can demonstrate:

  • The ability to match capital with opportunities
  • Regular contact with and intimate knowledge of large scale investors
  • A convincing capital relationship team highly regarded within the industry led by Jos Short, Executive Chairman
  • A database of global real estate investors
  • Regularly maintained and updated contacts with lenders and intelligence about their portfolios

Expertise
Before Principal Real Estate Europe, and before heading Pramerica Real Estate in Europe, Jos Short was a leading real estate investment banker and now has an enviable deal making reputation. Besides Jos Short, the capital raising team includes Andrew Thornton, CEO, former Chief Operating Officer of Invesco Real Estate Europe;

Jochen Schaefer-Suren, Head of Principal Hotel & Leisure Division;
Paul Muno, Head of Capital Relations & Germany;
Guillaume Masset, Head of Transactions, Benelux & Southern Europe.

Fund Management

The Principal Real Estate Europe approach to real estate fund management is designed to be comprehensive, responsive to investor needs, informative and pro-active. It is a full-service set of integrated disciplines that starts from a strong base of strategic insight. Once established, a Principal Real Estate Europe fund continues to receive concentrated attention to maintain performance throughout its term.

Principal Real Estate Europe investors and clients can expect:

  • Asset teams in key markets with wide experience of transactions
  • Strategic underpinning to all investment decisions – expertly formed, openly expressed
  • An investment committee with a global reputation for real estate decision making
  • Principal strives to provide best in industry openness in terms of ongoing quarterly reporting and its timeliness
  • Consultation with investors on key ‘lifetime’ fund decisions, acquisitions and disposals
  • Diversity of expertise and insight across the asset classes
  • Expert debt management, in-house, ongoing, lender contacts at highest levels
  • Tax, structuring and treasury team, in-house, optimising day to day financial performance
  • Sale optimisation through an ongoing legal, compliance and structuring process
Asset Management

At Principal Real Estate Europe we make a priority of local asset management expertise. If skilled personnel are close to the assets, geographically and culturally, we believe that we will be better positioned to receive and use detailed local knowledge and to maximise asset performance. Our trademarked Manage to Core™ philosophy is only credible with Principal Real Estate Europe’s on-the-ground presence. Regular opportunities to add value throughout an investment’s life cycle are created by habitual and constant review of assets managed and the practice of open, active dialogue by local management teams with occupiers, service and debt providers and joint-venture partners. Our investors can therefore expect that we will:

  • Foster long-term value-adding relationships with occupiers to ensure buildings are optimised to meet their needs
  • Drive cost efficiencies to reduce occupation costs and maximise net rents
  • Maintain asset values at optimal levels throughout their time under Principal Real Estate Europe management
  • And thus ensure sale optimisation at a time of our choosing
Transactions

Timing of acquisitions and disposals, stock selection and a strong pipeline of opportunities are the heart of successful investment management. Our processes ensure not just that transactions undertaken are wise but also that good opportunities are not lost by time-wasting: an advantage of the scrutiny of a highly experienced investment board.

Expertise
Principal Real Estate Europe has local transaction professionals in the UK, Germany, France, Spain, Portugal, Italy and the Netherlands providing real time market information, deal flow and an understanding of local market dynamics to meet the investment objectives of our clients.

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In particular for investors in the European Economic Area (“EEA”), this website and the information on it is only directed at persons who are professional investors for the purposes of the Alternative Investment Fund Managers Directive (2011/61/EU) (“AIFMD”), professional clients or eligible counterparties for the purposes of the Markets in Financial Instruments Directive (Directive 2014/65/EU) (“MiFID II”) or as otherwise defined under applicable local law and regulation and at whom this website and the information on it may lawfully be directed in any relevant jurisdiction (“Eligible Persons”). In relation to each member state of the EEA (“Member State”) which has implemented AIFMD (and for which transitional arrangements are not/ no longer available), this website may only be accessed and interests in Funds may only be offered or placed in a Member State to the extent that: (i) the relevant Fund is permitted to be marketed to professional investors in the relevant Member State in accordance with AIFMD (as implemented into the local law/regulation of the relevant Member State); or (ii) this website and its information may otherwise be lawfully distributed and the interests in Funds may otherwise be lawfully offered or placed in that Member State (including at the initiative of the investor). In relation to each Member State of the EEA which, at the date of accessing this website, has not implemented AIFMD, this information may only be distributed and interests in Funds may only be offered or placed to the extent that this information may be lawfully distributed and the interests in Funds may lawfully be offered or placed in that Member State (including at the initiative of the investor).

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