The appointment follows the acquisition of a real estate portfolio from Germany’s leading discount retail company ALDI SUED by MGPA Europe Fund III, advised by private equity firm advised by MGPA Europe.
The properties, mainly located in the Southern and Western parts of Germany, are stores which will partially be leased back by ALDI SUED, as well as currently unused land and a logistics centre.
Thorsten Stoll, managing director of Estama, comments: “We look forward to working alongside MGPA to drive performance and deliver growth across this strategically important portfolio.”
MGPA plans to further raise its investment volume in Germany by up to €200m by the end of 2010. The strategy is to build portfolios that combine properties on long term leasing contracts with property or real estate that have upside potential.
Estama currently manages a portfolio of around 550 properties across Germany, with a combined capital value of almost €3bn.