At Partner Level, Blackbird Real Estate has the wealth of experience from brokered transactions with a value of over € 3 billion. The following list only refers to the time since the foundation in 2011.

 

References

How we prefer working: This project of anewly built housing area was already canceled by the investor. Due to our excellent contact to the investors head of acquisition we could bring both parties again to the negotiating table and thus create the basis for our first transaction!

 

LocationStuttgart, near university
Lettable area5.100 sqm residential / 1.200 sqm commercial
Completion2012
Sellerlocal developer
Buyerinstitutional investor
Volume€ 15 mn up to € 20 mn

One of the most attractive transactions for Blackbird: during MIPIM 2012, we were mandated unexpectedly to sell the property and after 4 months bidding war, we were able to celebrate our second successfully completed transaction!

 

LocationStuttgart CBD
Lettable area3.869 sqm
Completion1962/2006
Sellerprivate investor UHNWI
Buyeropen ended real estate funds
Volumen€ 10 mn up to € 15 mn

Exclusively mandated by the the owner, we particularly offered the former head office of Gagfah to regional developers. In the end, a Frankfurt based developer bought the vacant office building and converted it to premium condominiums.

 

LocationFrankfurt CBD
Lettable area2.080 sqm
Completion1969/2012
Selleropportunistic investor
Buyerlocal developer
Volume€ 1 mn up to € 5 mn

Together with a fellow entrepreneur we were mandated by a UK based family office to sell their 19 ATU Service Stations individually. No easy task due to the difficult situation at ATU. Nevertheless, we were able to sell 8 ATU Service Stations to local, but also international investors.

 

Macro locationsnationwide
Lettable area+/-1.400 sqm
Completionbetween 1996 and 2000
SellerUK based family office
Buyerseveral local, national & international investors
Volume€ 10 mn up to € 15 mn

First transaction after our investor database - created by the Blackbird team - went online! Another proof that we sell nationwide successfully! Through the breadth of our network, we were able to identify a local developer who converts the listed office property into a residential building.

 

LocationSaarbrücken CBD
Lettable area9.300 sqm
Completion1968
Selleropportunistic investor
Buyerlocal developer
Volumen€ 1 mn up to € 5 mn

From the owner's representative, we have received the approval for addressing exactly one investor. We introduced the investor to the representative at our Expo Real Dinner in 2012. Signing was in the first half of January 2013 –in less than three months after the initial contact!

 

LocationCity Center
Lettable area3.900 sqm
Completion1992
Selleropportunistic investor
BuyerFrankfurt based family office
Volume€ 1 mn up to € 5 mn

Prime example for the quality of our services provided: based on our +/-3.000 investors large data base we identified 5 „hot candidates“, did a site visit with one of them who bought the building some three months later.

 

LocationDuisburg InnerHarbour
Lettable area4.300 sqm
Completion1990/2000
Selleropportunistic investor
BuyerGermany based family office
Sales price€ 5 mn up to € 10 mn

From a private investor based on the Isle of Men, Blackbird was mandated to structure the refinancing of his commercial property portfolio in Wolfsburg. Due to the complexity of this task classic financers but also debt funds were not capable. The portfolio was refinanced via a bonded loan together with K-Bonds AG.

 

LocationWolfsburg
Lettable area77.000 sqm
Completion1996–2007
OwnerUK based private investor
ArrangerGerman based corporater finance boutique
Volume€ 85 mn up to € 90 mn

Mandated exclusively by the seller and in cooperation with a specialized consultant for hotels, we were able to find an international investor for the long term leased hotel in the wine region Pfalz; operated by Steigenberger.

 

LocationDeidesheim, near Mannheim
Rooms123
Completion1994
SellerIsrael based private investor
BuyerChines hotel investor
Volume€ 5 mn up to € 10 mn

Blackbirds' first exclusive mandate - and a good example of sustainability! After mandating in QIII 2011, it took until the end of QI 2015 come to a successful conclusion. We stay tuned!!!

 

LocationCologne-West
Lettable area11.075 sqm
Completion1992
Sellerprivate investor
Buyeropportunistic investor
Volume€ 5 mn up to € 10 mn

"Blackbird goes international": in a joint business with Dutch vb&t group we were able to sell four longterm leased Hornbach DIY-Stores in a cross-border transaction. The first DIY-Store portfolio transaction since 2007!

 

LocationBerlin region& Holland
Lettable area54.800 sqm
Completion2005 – 2008
Sellerprivate investor UHNWI
Buyerinstitutional investor
Volume€ 70 mn up to € 75 mn

On behalf of a joint joint venture managed by DIWG, Düsseldorf we were able to find equity partners to secure the acquisition of the property. Subsequently, the property was stabilized by active asset management and succesfully sold to an open ended real estate fund by Blackbird Real Estate.

 

LocationDusseldorf
Lettable area11.700 sqm
Completion1973 / 2016
Sellerlocal develooper
Buyeropen ended real estate funds
Volumenot disclosed

Exclusively mandated by the owner and by means of a reduced bidding process, Blackbird put up for sale the high street retail, value add property Königstraße 13. Blackbird identified the investor, a local developer within a shorttime and succesfully completed the transaction.

 

LocationDuisburg Highstreet retail
Lettable area6.800 sqm
Completion1973
Selleropportunistic investor
Buyerlocal developer
Volume€ 10 mn up to € 15 mn

Exclusively mandated by the owner and by means of a targeted address of 5 investors, Blackbird put up for sale this value add / core plus portfolio. Blackbird identified the buyer within a short time and succesfully completed the transaction.

 

LocationWolfsburg
Lettable area77.000 sqm
Completion1996 – 2007/2014
OwnerUK based private investor
Buyerinstitutional investor
Volume€ 100 mn up to € 105 mn

Our first self initiated Co-Investment: together with Mercer Street Capital GmbH we were able to secure this complex by means of an off-market transaction and brought it to a successfull conclusion.

 

LocationBochum City
Lettable area11.000 sqm
Completion1960 – 2018/2019
Sellerinstitutional investor
Buyeropportunistic investor
Volumenot disclosed

With this transaction we once again proved our successful approach: the limited approach of selected investors. With our well-established investor database for over two decades, we find a pot forevery "lid"!

 

LocationHattingen City
Lettablearea1.422 sqm
Completion2018
Sellerinstitutional investor
Buyerinstitutional investor
Volume€ 5 mn up to € 10 mn

As the exclusively commissioned advisor, we coordinated a limited, structured process and supervised the transaction through to the notary. The interest in this unique property was impressive and we were able to achieve a great result for our client with our marketing approach!

 

LocationHamburg
Lettable area3.335 sqm
Completion1958 / 2019
SellerGerman Family Office
BuyerEuropean Family Office
Volumenot disclosed

In summer 2018 we acquired this outdated property with our JV partner Mercer Street Capital GmbH and carried out an extensive renovation based on a longterm lese contract with public tenant BIMA. After a holding period of less than 18 months, we were able to sell this landmark building to a fund managed by DIC Asset AG.

 

LocationBochum City
Lettable area11.000 sqm
Completion1960 – 2018/2019
Selleropportunistic investor
Buyerinstitutional investor
Volumenot disclosed

During Expo Real 2019 there was a first conversation with the seller and after less than two months were able to contractually secure this exciting property with potential for added value. The implementation of this project should be completed by the end of QI 2021.

 

LocationHigh Street Retail
Lettable area5.500 sqm
Completion1956 – 2020/2021
Sellerlocal developer
Buyeropportunistic investor
Volume€ 5 mn up to € 10 mn