Creating sustainable value in real estate.
Welcome
Clarendon is a dynamically growing company that invests in residential and commercial real estate in Germany. It is our strength to identify potential for value growth and development and to realize these within the framework of a highly professional transaction process as well as sustainable asset and property management measures. This is how we take advantage of opportunities and create value when building and expanding a high-yielding property portfolio.
An essential principle of our strategy is the acquisition of assets or portfolios well below replacement costs with potential for creating value.
Our focus is on economically strong regions with positive demographic development. Additionally, we are focusing on the further development of our existing portfolio in the German metropole regions.
Investment
Investments with development potential and active asset management
Investment parameters
- Acquisition below replacement costs with potential for increased value
- Manage to ESG
- Increase in rental cash flow
- High demand for rental space in micro-locations
- Redensification potential
- Residential properties: Minimum IRR > 12% per asset
- Retail/Mixed-Use properties: Minimum IRR >15% per asset
- Strict selection process – 98% of the investment opportunities presented are rejected
Value creation measures
- Renovation, modernization
- New lettings and vacancy reduction
- Exploitation of rent increase potential
- Expansion of rental space (e.g. through redensification, roof extensions, new buildings)
- Increase in operational efficiency and active property management
- Division of global assets into WEG units
ESG
Clarendon is committed to maintaining high ESG management standards across its portfolio through:
- Implementation of a Manage to Core strategy across the entire portfolio
- Conducting ESG due diligence on all new acquisitions
- Implement ESG action plans for all portfolio units
- Consideration of ESG criteria in all new construction or renovation projects
- Implementation of ESG monitoring
Exit strategy
- Exploitation of portfolio premiums by creating and selling high-yielding real estate portfolios to existing property companies and family offices
- Sale of single assets
- Recapitalization and optimized financial modeling
- Exit-oriented pre-structuring when purchasing
Acquisition profile 1
RESIDENTIAL PROPERTIES
Our investment focus is on residential real estate in regionally strong markets, especially in Berlin. We invest in residential and commercial real estate in cities with more than 100,000 inhabitants. We primarily acquire real estate that is capable of development, some of which are vacant and / or have a maintenance backlog at the time of acquisition, or offer other value development potential (e.g. redensification).
Acquisition profile 2
OFFICE PROPERTIES:
For our Selected Opportunity and Core Income strategy, we are looking for office properties in A and B locations in the seven top German cities in the risk class Core, Core Plus and Value Add, single or multitenant, short- to long-term WALT / WAULT.
LOGISTICS/LIGHT INDUSTRIAL PROPERTIES:
We invest in logistics properties (cross dock, warehouse properties, distribution properties) and light industrial properties in the risk classes Core, Core Plus and Value Add in economically strong locations, single or multitenant, short- to long-term WALT / WAULT. Single properties from EUR 2.5; portfolios from EUR 15m.
Targeted increase in value -
Through active property management, we create value for long-term inventory.
The Team
A lot of experience and a good dose of passion are the basis of our investments.
Managing Director
Robert Abt
Robert Abt is Co-Founder and Managing Director at Clarendon. He has more than 20 years of experience in M&A and corporate finance. After starting his career at Lazard as an investment banker, he worked as a lawyer and partner for international law firms in Frankfurt, Munich, London and New York.
Since then he has built the growth story of Round Hill Capital in Europe and participated in real estate transactions worth more than EUR 20 billion, including the acquisition, financing and sale of residential real estate portfolios, commercial portfolios and shopping centers.
Senior Advisor
Dr. Oliver Beyer
Dr. Oliver Beyer is Senior Advisor at Clarendon. Oliver is also an attorney at law and a partner in the German Real Estate practice of the international law firm Norton Rose Fulbright LLP.
He advises on asset or share deal structures and in particular on real estate M&A transactions in all asset classes, such as residential portfolios, large commercial properties, hospitality and logistics. Oliver has advised on a transaction volume of more than EUR 5 billion over the last 10 years.
Investment Manager
Niklas Baldauf
Niklas Baldauf is Investment Manager at Clarendon and is responsible for the implementation of our retail/mixed-use strategy. With 12 years’ experience in the real estate industry, Niklas managed retail and mixed-use properties worth more than EUR 5 billion across Europe.
Before he joined Clarendon, he headed the Northern European Retail Asset Management for Nuveen Real Estate, overlooking major re-positioning and development projects in Germany, the Netherlands and Finland.
Niklas holds a Master of Science from the University of Hong Kong as well as from the International Real Estate Business School (IRE│BS) in Regensburg.