Bankinter Investment and Sonae Sierra launch ORES Germany, a new alternative investment vehicle that invests in retail real estate in the German market

• ORES Germany focuses on investment in retail real estate in this market
• The vehicle has a total investment of EUR 200 million, with a portfolio of eight large retail properties with long-term leases and first-class operators in the food and DIY-home sectors
• Bankinter Investment has already launched 23 alternative investment vehicles with almost EUR 4.8 billion of capital committed by investors
• Sierra continues to expand its investment management business and currently manages properties worth over EUR 6.6 billion

Bankinter Investment SGEIC, Bankinter’s alternative investment management company, and Sierra, a fully vertically integrated multinational real estate player, have set a new milestone in their alternative investment strategies with a major real estate transaction. Both entities have launched ORES Germany, a new alternative investment vehicle aimed at investments in retail real estate in the German market.

ORES Germany currently comprises eight large-scale retail properties, four of which are supermarkets and four DIY-home stores, thus configuring a defensive and resilient portfolio of assets that can withstand different economic cycles. All the assets have long-term leases with first-class operators in the food and DIY sectors in Germany, such as Edeka, Rewe, Aldi and Obi. The total investment volume of the vehicle amounts to EUR 200 million.

ORES Germany provides its institutional investors with access to high-quality retail real estate in the German market, while offering great cash flow visibility, generating a recurring and stable return from the first year of investment. Bankinter Investment will manage the vehicle while Sonae Sierra, already present in the German market, will be responsible for the management of the portfolio.

The launch of this REIT underscores the strategic importance of Germany as a core market for Sierra’s long-term investment and asset management activities. For Bankinter Investment, it represents the launch of its alternative investment business in the country.