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| Additional information |
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| FREO Group (UK) LLP |
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Overview:
Our Approach
FREO offers a complete real estate lifecycle asset management service tailored to the needs of our partners and clients including asset selection, prudent capital structuring, identification of value creation opportunities through proactive management or repositioning and ultimately opportunistic disposal. We only target real estate investments that offer intrinsic value for our partners with the goal of delivering sustainable cash flows and long-term capital enhancement. We only operate in markets we know well and typically adopt an entrepreneurial yet rigorous approach using our local networks to source opportunities where we possess competitive advantages, often via off-market bilateral connections or limited marketing processes.
Teamwork
We strongly believe that the pooled intellectual capital of our team is our greatest asset. The majority of our senior management team have been working together for many years. Our deep and cohesive network of experienced local professionals work seamlessly together from our modern and connected offices in London, Berlin, Cologne, Duesseldorf, Frankfurt, Hamburg, Munich, Paris, Marseille, Madrid, Barcelona, Zurich, Lucerne, Luxembourg and New York. It may be a cliché, but we firmly believe, and we continually find that when we work together as a team we always deliver superior results.
Corporate Governance
At FREO, we recognise the importance of appropriate corporate governance and risk management, not just for our daily business and management, but most importantly to protect the interests of our partners. As an international Group with multiple integrated business lines working together, our policy is that all of our activities should be conducted according to the same fundamental principles of honesty, integrity, responsibility and transparency and in full compliance with all relevant applicable legal and regulatory requirements.
Our Management Board consists of Matthias Luecker, Brian Borg and Karsten Hinrichs and is a permanent internal governance body, which determines overall Group management and strategy. Our Investment Committee is formed of a multi-disciplined group of our most senior staff who have an average of more than 20 years of real estate experience. Our senior staff also consistently strive to promote sound corporate governance practices across the company, having always as our principal objective the best interests of the Group and our partners.
Lastly and importantly, FREO Group is privately owned by the senior management team, which delivers absolute alignment of interests for our investment partners and ensures our full focus is only on successful execution of each project. |
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History:
FREO Group as it is known today was established in 1996. 20 years and over 40 transactions later, FREO is today an independent pan-European investment manager and developer with a deep and cohesive network of 15 offices in 7 countries with over 100 employees.
FERI Real Estate GmbH launched
FERI AG, a German-based investment management business, launched its real estate arm, FERI Real Estate GmbH.
Numerous succssful real estate projects ensued during the FERI period, including a portfolio transaction with GE Real Estate, the acquisition of two office towers on Lennestrasse in Berlin and Geschaeftshaus Koenigsallee, a 5,300 sqm trophy asset in the centre of Duesseldorf.
2002
FERI Real Estate renamed to FREO
Following a management buy out, FERI Real Estate GmbH was renamed as FREO Financial & Real Estate Operations GmbH with Matthias Luecker its Chairman and CEO.
2004
FREO acquires Kudamm 26a
An affiliate of FREO acquired Kurfuerstendamm 26a in Berlin, a 6,800 sqm office and retail building located on one of Berlin’s most prestigious retail destinations.
2005
FREO acquires Alcatel Campus
An affiliate of FREO, in conjunction with its joint venture partner Revcap, acquired the XCEL Business Campus project in Stuttgart, a 25.5 hectare office development site, which would later be majority occupied by Alcatel-Lucent and Porsche.
2006
FREO acquires Hery Park
An affiliate of FREO, together with its partner Revcap, acquired Hery Park, a 67,000 sqm retail centre, in Gersthofen, Augsburg, which was later extended and repositioned.
2007
Kudamm 26a, Berlin sold
Following acquisition in December 2004 and an extensive refurbishment programme and full leasing to office and retail tenants, the Kurfuerstendamm 26a building located on a prime retail street in Berlin was successfully sold on completion.
2009
FREO acquires landmark tower in Munich
FREO acquired Central Tower in Munich, a 23,000 sqm office tower adjacent to the Donnersberger Bridge. Over a 4 year ownership period, the building was successfully repositioned and sold to a German insurance company.
2010
FREO awarded asset management of trophy Duesseldorf office complex
In its second deal with Rockpoint Group, FREO was selected to provide full asset management service for the 54,000 sqm ‘Deutsche Bank Carre’ on Koenigallee in Duesseldorf. Following long-term lease regears with the two largest tenants and a successful rebranding exercise, the property was successfully sold to a German pension fund in 2014.
2011
FREO acquires landmark development sites in Frankfurt
FREO acquired two development site for what would become One-Goetheplaza, a prime office and retail development project and also Taunusanlage 11, both situated in the heart of Frankfurt CBD. Both developments were completed successfully sold to a German pension institution in 2013.
2013
FREO completes redevelopment at Kudamm 195
FREO completed the comprehensive and meticulous redevelopment of Kurfuerstendamm 195, a 17,500 sqm office and retail building located in a prestigious location in the best section of Berlin’s most famous luxury shopping street. In the same year, the building was sold to a German institution.
2014
Cornerstone laid at Mall of Switzerland development
Construction starts in Ebikon, near Lucerne, on the Mall of Switzerland. Upon completion in 2017, the Mall will be one of the country’s largest and most exciting retail and leisure destinations.
2015
FREO strengthens its European reach
FREO grows its platform by opening offices in the United Kingdom, Spain and the USA and also acquires Atemi, a French asset management company based in Paris and Marseille.
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