Real estate funds

THYLANDER GRUPPEN CURRENTLY MANAGES TEN REAL ESTATE FUNDS. THE FUNDS HAVE MADE REAL ESTATE INVESTMENTS FOR MORE THAN DKK 10BN WITH AN EQUITY COMMITMENT OF APPROX. DKK 2.2BN ON THE PART OF THE INVESTORS AND THE THYLANDER GROUP. THE TOTAL FLOOR AREA COMPRISES APPROX. 500,000 M² DISTRIBUTED ACROSS 82 WELL-SITUATED PROPERTIES.

OUR PRINCIPLES

The real estate funds are established according to the same principles as private equity funds.

Investments are made exclusively in well-situated Danish properties with stable returns. Prior to each real estate investment a full business plan is prepared, clarifying how the given property may be improved.

The business plan is implemented through active and systematic management. We have a special focus on risk management – partly through the choice of property and partly by avoiding risks connected with liabilities. The real estate funds only use Danish mortgage-credit or other financing with long-term commitment.

The real estate funds are established through partnerships with institutional investors, industry or family funds as well as affluent individuals. We are responsible for the complete activities of the real estate funds, including investments, development and sales, financing, reporting and general management.

In the same way as in traditional private equity:

  • We invest in assets, where there is a chance to increase the value significantly through active management and development.
  • We participate in every investment.
  • We are responsible for all management activities, including purchase of properties, day-to-day operations, value creation and subsequent sales.
  • The standard time frame of investments is seven years.

TG Partners I

10 PROPERTIES – 12 INVESTORS

The fund THYLANDER 1 was established in 2008 with a view to investing in properties in Copenhagen following the financial crisis. In 2010-2011 we made investments for a total of DKK 750m distributed across 10 well-situated properties in Copenhagen, Frederiksberg and Hellerup.

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TG Partners II

7 PROPERTIES – 14 INVESTORS

THYLANDER 2 was established towards the end of 2011, and in 2012-2013 the fund made investments for a total of DKK 420m in seven well-situated properties in Copenhagen, Islands Brygge and Frederiksberg.

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TG Partners III

7 PROPERTIES – 14 INVESTORS

THYLANDER 3 was established in 2012. The fund purchased 26 properties with a total floor area of approx. 110,000 m2 for DKK. 1,275m.

The portfolio consists of well-situated properties in Copenhagen and larger provincial towns. Many of the residences can be divested as owner-occupied flats. In addition, there is a potential within the portfolio for a significant rent increase. This is exploited through active management, including ongoing refurbishing of the flats, increasing the quality and rent levels.

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TG Partners IV

TG Partners IV P/S invests in well-situated properties in Copenhagen. The total equity commitment is approx. DKK 144m, and the fund expects to make investments amounting to approx. DKK 400m. The commitment. The equity commitment was made by the investors.

So far the fund has purchased four well-situated properties in Copenhagen and Østerbro and signed a purchase agreement for a fifth property. Once the fund has completed the final purchase it is fully invested.

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TG Partners V

In 2015 we have established TG Partners V P/S. The total equity commitment is DKK 219m and the total investments is expected to be approx. DKK 700m.

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PFA Absalon Properties P/S

13 PROPERTIES – 2 INVESTORS

In the fall of 2013 we purchased the Absalon Portfolio encompassing 13 properties of a total of 36,000 m2 in central Copenhagen. The purchase was made in partnership with PFA Pension.

The property portfolio is characterised by extremely well-situated properties and a combination of high-quality properties and properties that require restoration. For some of the properties the application is changed from offices to residences, thus creating 55 new flats.

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PFA Blue Star Properties P/S

In 2014 four properties of a total floor area of approx. 88,000 m2 were purchased. The properties are well situated close to Amager Strandvej and the airport. All the properties have direct access to the metro stations Kastrup and Femøren.

The business plan includes updating and continually re-letting 50,000 m2 of offices and pulling down approx. 38,000 m2 of worn-out offices and warehouses, in addition to creating up to 70,000 m2 new residences, shops, offices and parking spaces.

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