Together with Arendt & Medernach (Francis Kass, Investment Management) and WTS Germany (Dr. Steffen Neumann, Investment Tax Law), GxG Legal, led by Dr. Nikita Gontschar, advised HT Group on the launch of its first fund in Luxembourg (SICAV-RAIF). The initial distribution target is €200 million and can be increased.
Under the leadership of CEO Christoph Horbach, HT Group has decided to break new ground in order to appeal to investors in a challenging market environment. With an opportunistic investment vehicle, HT Group is aiming for high returns. The company currently manages around €2.5 billion in assets under management across various funds, with a focus on core risk classes.
In view of the current market situation, Horbach sees potential in funds that can generate value appreciation by acquiring real estate with a distressed capital structure or through equity investments. With €200 million in equity, the initial distribution target of the HT Special Opportunity Fund SCA, SICAV-RAIF is at the lower end of the scale, while the targeted return of 13% to 15% IRR per year is all the more ambitious.
HT Group primarily focuses on German office and mixed-use properties in prime locations that either no longer receive refinancing or are at an advanced stage of development and require a capital partner.
Press: Immobilienzeitung
