• The purchased light industrial property is leased to Maas + Roos Signage GmbH.
• It is the third acquisition for StoneVest’s investment platform „Industrial Property Europe” (IPE).
• IPE plans to invest up to EUR 500 million in operationally essential „light industrial“ and logistics real estate over the next 3-5 years.
• StoneVest partners up with mid-sized companies to unlock growth capital through the sale and lease back of operationally essential properties.

Hipoltstein / Zurich, 24th March 2022
Stonevest AG, Zurich, has acquired the property „An der Autobahn 3-9 in Hilpoltstein near Nuremberg for its „Industrial Properties Europe“ (IPE) platform as part of an asset deal. The property is fully let to Maas + Roos Signage GmbH. The parties have agreed not to disclose the purchase price. The transaction was accompanied by Willkie Farr & Gallagher, Frankfurt, (legal advice), JLL, Frankfurt, (valuation), Duff & Phelps, Frankfurt, (technical due diligence) and immvert, Nuremberg, (brokerage).

The property has a total lettable area of approximately 13,300 square metres and 140 parking spaces. The location in the „An der Autobahn“ business park is directly connected to the A9 highway between Nuremberg and Ingolstadt.

Maas + Roos Signage specialises in illuminated advertising signage and has its headquarters in Hilpoltstein. It is also where the company developed the world’s first fully recyclable illuminated letters. The company’s customer base has a global reach and includes many well-known retail and industrial brands.

Alexander von der Grün, CEO of Maas + Roos Signage GmbH, says: “By selling our property to StoneVest, we have found a strong partner that will allow us to continue to grow at Hilpoltstein. This step allows us to fully focus on our core business and on our customers, which include a world-renowned Swedish furniture retail group and the Swiss luxury watch manufacturer ROLEX SA.“

Further individual investments for the IPE platform with a volume of between EUR 10 to 50 million per property asset are planned or in preparation by StoneVest. For these properties, StoneVest pursues a „Manage to Core“ approach. Here, StoneVest closely supports the tenants and implements any conversions that become necessary for them. This enables the tenants to realise technologically required innovations.

Zurich, 29th November 2021
StoneVest AG announced today that Thomas Schmengler, former managing director of Deka Immobilien, will be supporting the company as an external real estate investment consultant. He will support the Zurich-based companies’ expansion in the logistics and light industrial real estate market in German-speaking countries.

Thomas Schmengler joins StoneVest for the sourcing as well as the acquisition and sale of logistics and light industrial properties. StoneVest was founded in early 2021 by Dr. Wulf Meinel and Bruce Jenyon. The company plans to invest up to EUR 500 million in „light industrial“ and logistics properties in German-speaking countries over the next three to five years. To this end, StoneVest has launched its own investment platform „Industrial Property Europe (IPE)“ under Luxembourg law. The funds are collected from institutional investors and family offices. StoneVest acts as co-investor and asset manager. Properties in southern Germany have already been acquired.

Dr. Wulf Meinel, founding partner at StoneVest AG says: „We have known Thomas for many years from his previous professional milestones and particularly value his know-how from around 40 years of market experience, but also his extensive network on the owner side.“

Bruce Jenyon, Partner at StoneVest, adds: „We will continue to expand with Stone-Vest into the growing market for logistics and light industrial real estate in the Euro-pean DACH region. Discussions for further investment commitments and acquisitions are already well advanced. I have worked at Jones Lang LaSalle with Thomas and have known him for more than 30 years. We are delighted to have Thomas‘ vast ex-pertise and business experience on board.“

In 2019, Thomas Schmengler retired at his own request after almost 39 years in the real estate industry and eleven years at Deka Real Estate to focus on supervisory board mandates at selected companies. Born in Koblenz, he was most recently Managing Director of Deka Immobilien GmbH as well as of the capital management company Deka Immobilien Investment GmbH.

Before joining Deka, the economics graduate was Managing Director of the KIZ Group, a property development company based in Bad Soden-Salmünster. Prior to that, he worked for Jones Lang LaSalle for around 18 years, where he was most re-cently responsible for the German brokerage and investment business as a member of the Management Board and International Director. He also headed the Frankfurt office of Jones Lang LaSalle.

Der frühere CEO von Geneba, Wulf Meinel, hat sich mit dem einstigen King-Sturge-Deutschlandchef Bruce Jenyon zusammengetan. Mit ihrem gemeinsamen Unternehmen StoneVest investieren die beiden von Zürich aus in Light-Industrial- und Logistikimmobilien in Deutschland, Österreich und der Schweiz. Das Hauptaugenmerk soll in der Anfangsphase auf Produktionsimmobilien liegen, die per Sale-and-Leaseback erworben werden. Als Seed-Investor hat StoneVest ein englisches Family Office gewonnen, das 30 Mio. Euro beisteuert. Damit können im ersten Schritt 100 Mio. Euro angelegt werden. Die Investments erfolgen als Club-Deals über eine in Luxemburg registrierte Investment-Plattform namens „Industrial Property Europe“, bei der StoneVest als Co-Investor agiert. Einen ersten Sale-and-Leaseback-Deal hat das Unternehmen mit dem Industriekonzern Al-Ko Kober für dessen Standorte in Jettingen-Scheppach und Kammeltal-Eppenbeuren (beides Bayern) abgeschlossen. Vermittelt wurde die Transaktion durch WIB Immobilien, Finanzierungspartner ist die DZ Hyp. In den nächsten fünf Jahren soll das Investitionsvolumen beständig auf 500 Mio. Euro wachsen. Perspektivisch sind auch Logistik-Projektentwicklungen geplant.

Die maximalen Zuschüsse der neuen Programme sind nun höher: Käufer oder Bauherren erhalten für energieeffiziente Immobilien bis zu 37.500 Euro je Wohneinheit – bisher betrug der höchste Tilgungszuschuss 30.000 Euro. Energetische Sanierungen von Bestandsimmobilien fördert der Staat nun mit bis zu 75.000 Euro je Wohneinheit (bislang: Tilgungszuschuss von höchstens 48.000 Euro). Zinsgünstige Kredite sind bis zu einer Höhe von 150.000 Euro statt 120.000 Euro möglich.

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„Problematisch erscheint zudem, dass nur etwa die Hälfte der deutschen Unternehmen in Immobilien gebundenes Kapital einer Renditeanforderung unterlegt und einem finanzwirtschaftlichen Controlling unterzieht.“

Prof. Dr. Andreas Pfnür, TU Darmstadt, ZIA Studie „Volkswirtschaftliche Bedeutung von Corporate Real Estate in Deutschland“, 2014

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Frasers Property Europe’s former CEO Wulf Meinel and King Sturge Germany-founder Bruce Jenyon partnered to launch a new investment and asset management platform for industrial and light logistics real estate assets in the DACH region.

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Die Immobilienunternehmer Wulf Meinel und Bruce Jenyon gründen gemeinsam einen Investment- und Asset-Manager. Im Segment Logistik sehen sie ein erhebliches Marktvolumen.

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„Durch ein professionelles Immobilienmanagement lässt sich die Arbeitsproduktivität steigern.“

Prof. Dr. Andreas Pfnür, TU Darmstadt, ZIA Studie „Volkswirtschaftliche Bedeutung von Corporate Real Estate in Deutschland“, 2014

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