Stay updated with INTERNOS news and views

Press Releases 2018

INTERNOS buys High 5 Portfolio from May & Porth for the NOVAPIERRE Allemagne fund, on behalf of PAREF Gestion


Frankfurt am Main, 02 February 2018 – INTERNOS Global Investors (INTERNOS), a pan-European real estate fund manager with 2.75 bn Euro invested in real estate and 875 m Euro of firepower to invest in 2018, acting in its role as asset and transaction manager, has purchased five retail assets in Germany on behalf of the SCPI NOVAPIERRE Allemagne Fund, which is managed by PAREF Gestion.

The vendor, May & Porth Group (Itzehoe/ Lüneburg), was advised on the transaction by its Berlin-based subsidiary Concarus Real Estate Invest GmbH. The purchase price has not been disclosed.

The High 5 Portfolio comprises five retail warehouses with a total lettable area of 16,555 square metres and generates annual rental income of around 1.9 million Euro. Two of the properties are located in Hamburg and rest of the portfolio in Stade, Gifhorn and Flensburg. The portfolio is 98% let with a weighted average unexpired lease term (WAULT) of nine years. The tenants include Edeka, Aldi, Penny, Rossmann and Media Markt.
JLL brokered the transaction and Curtis, Mallet-Prevost, Colt & Mosle LLP provided legal advice to the purchaser. CBRE PREUSS VALTEQ GmbH carried out the technical due diligence.

The SCPI NOVAPIERRE Allemagne Fund now comprises 35 properties with a total value of around 275 million Euro. They principally comprise retail warehouses, retail warehouse centres and small shopping centres. The fund focuses on properties anchored by food retailers with lot sizes between 5-50 million Euro and leases with six to eight years remaining.

INTERNOS is part of the US Principal Real Estate Investors (Prin RE), part of Principal Global Investors, which is based in Des Moines, Iowa. Prin RE, which has almost Euro 75 bn of assets under management, is one of the top 10 global real estate managers.

Company contact for further information:

Paul H. Muno
INTERNOS Global Investors Kapitalverwaltungsgesellschaft mbH

T +49 69 50 50 66 9 30

Press contact for further information:

Jochen Goetzelmann
Targa Communications GmbH

Tel: +49 69 153 24 21-0

Notes to Editors:

INTERNOS Global Investors ( INTERNOS Global Investors is a pan-European fund and asset management platform, specialising in real estate. The company develops strategic investment and management solutions for institutional investors in all property asset classes across Europe. Principal Global Investors (PGI), which leads global asset management at Principal®, and INTERNOS Global Investors announced in November 2017 that PGI will acquire INTERNOS, with completion subject to regulatory approvals. As part of PGI’s multi-boutique operating model, INTERNOS will retain its investment and management independence, while gaining access to the resources and scale of a major financial institution. Principal is one of the largest investment managers in the world with $655.5 billion* in assets under management, of which $74.9 billion** is invested in real estate through either debt or equity (

* As of September 30, 2017
**As of September 30, 2017

This website is only directed at you to the extent that it is lawful to do so in any jurisdiction. Similarly, interests in any fund managed by Internos Global Investors Limited (Internos Global Investors) or any of its affiliates will only be available for investment by you to the extent lawful in any jurisdiction. Accordingly, visitors to this website should inform themselves about, and observe, local laws in their own jurisdiction which may restrict their ability to engage the services of Internos Global Investors or any of its affiliates, or to invest in any fund managed by Internos Global Investors or any of its affiliates.

In particular, this website is intended only for, and is directed only at, persons who both (i) are capable of being treated by Internos Global Investors as professional clients or eligible counterparties, as each term is defined in the rules of the FCA, and (ii) fall within exemptions from section 21 (or, in relation to communications by Internos Global Investors concerning collective investment schemes, section 238) of FSMA on the basis that they fall (a) within Article 19 of the FSMA (Financial Promotion) Order 2005 (FPO) or Article 14 FSMA 2000 (Promotion of Collective Investment Schemes) (Exemptions) Order 2001 (CIS Order), being investment professionals having experience in relation to investments including unregulated funds, (b) within Article 49 FPO or Article 22 CIS Order, being certain high net worth companies, trusts and unincorporated associations etc., or (c) within any other classes of person in or outside the UK to whom this website and its contents may otherwise lawfully be communicated (collectively, Eligible Persons). This website is not directed at or intended for U.S. persons.

Persons who are not Eligible Persons including those individuals or other persons who fall within the FCA’s definition of “retail clients” should not use or rely upon this website and may not engage the services of Internos Global Investors or any of its affiliates, or invest in any fund managed by Internos Global Investors or any of its affiliates.

Potential investors are advised that all or most of the protections provided by the UK regulatory system will not apply and that the UK Financial Services Compensation Scheme may not be available in relation to an investment in a fund or separate account if not managed by Internos Global Investors.

Before accessing this website please confirm you have understood and agree to the above and that you understand yourself to be, or be representing, an Eligible Person.