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German property group launches first oppo fund

Hamburg-headquartered Momeni Group is targeting €600 million to invest in office and retail assets in the major German cities.

Hamburg-headquartered property company Momeni Group is branching out into opportunistic real estate through the launch of a €600 million fund – Momeni Prime Opportunities Fund.

Momeni Investment Management, the investment division of Momeni Group, is raising the fund which will be focused on investments in office and retail assets in the central business districts of the major German cities.

Momeni will target investments which require tenant structure improvements, refurbishments, redevelopments or property developments.

“The strategic approach of the Momeni Prime Opportunities Fund offers our investors an attractive return potential combined with a sustainable and balanced risk profile,” said Daniel Werth, managing director at Momeni Investment Management.

Headquartered in Hamburg, the owner-managed Momeni Group is a property company specialized in the development and management of core real estate in inner-city locations in Germany’s major cities. It does so through three independent business divisions: project development, investment management and property management.

Over the past few years, Momeni has partnered with insurers, pension funds, private equity and family offices, with a total investment volume of around €1.5 billion.