The Cologne-based real estate company, DERECO, is specialised in advising and accompanying wealthy families and semi-institutional investors in planning, structuring and implementing buy-and-hold strategies.

As part of the comprehensive support of these discerning clients, DERECO also offers its exclusive clients tailor-made real estate asset management services. The growth in this business area has now been underlined by another mandate. As part of a private placement initiated by DERECO, a portfolio focusing on Germany has been compiled and acquired over recent months for a Netherlands-based family. The new owners have now commissioned DERECO with the asset management for this portfolio. The portfolio consists, in detail, of certified new-build investments with a total volume of about EUR 100 million. The portfolio includes diverse regions and focuses on residential and commercial buildings in pedestrian zones and central inner city locations.

With the turn-key development ‘City Gate’ in the Siegburg pedestrian zone, the first property was included in the asset management of DERECO in May of this year. Further properties are still in the realization phase; DERECO will gradually assume asset management upon completion which is scheduled for the last properties for the second half of 2014.

Mandates in real estate asset management were assumed exclusively by DERECO in the past on behalf of clients who were already being advised by DERECO in investment management. Both individual properties and portfolios are managed in accordance with an individual strategy.

Due to the increasing demand and in order to create further synergies, in the future DERECO will also open up real estate asset management for mandates that were originally not generated by investment management. In these cases the focus will also be on the individual support of property holdings that are in private and semi-institutional ownership.

With advisory services focusing on private investors, family offices and foundations, DERECO has implemented investments worth more than EUR 1 billion in transactions over the past 10 years and initiated various funds in the form of private placements / club deals.