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About


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About


Hannover Steel is an investor AND asset manager In German real estate.

Hannover Steel has been investing in value-add commercial and residential property for over 15 years. With a rigorous analytical approach we identify and operate in market segments and geographies that are supported by strong long-term economic fundamentals. In these markets we identify real estate opportunities that offer upside through active asset management. Our strong relationships with financial institutions enable us to arrange debt financing that meets the risk profile of our investment partners. We often take a portfolio approach to investing and mix lower return but stabilised assets with higher risk value-add assets. Together these investment principles are our formula for delivering market leading financial returns to our investment partners over the long-term .

Hannover Steel is currently the advisor and co-investor in several private investment entities. These entities all maintain a purchase and hold strategy, with a view to benefiting from the ongoing strength of commercial real estate fundamentals.

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Asset Management


Asset Management


Our asset management capabilities are what set us apart.

We assess risk diligently and develop active management plans for each asset purchased. We acquire assets where we are confident that we can achieve leasing and occupancy targets based upon proven market rents. Where required we apply appropriate refurbishment and tenant improvement capital. This way we are confident of achieving stable portfolio WAULTS over the long-term.

Key elements of our approach are:

  • Investing with a long-term horizon in all aspects of asset management

  • Thorough understanding of our markets and a detailed analytical approach to acquisition and asset management

  • High standards of disclosure and clarity in reporting

  • Hands-on, detailed and and active management of assets

  • We treat our tenants as we should - as business partners

  • Alignment of incentives with investors through co-investing and an emphasis on adding value through active management over the long-term

  • We consider the ability to deliver ESG improvements to be a core competency and develop an environmental upgrade strategy for all the properties we manage.

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Principals


Principals


The principals of Hannover Steel have over 40 years of real estate experience between them. 

Fergal Creed

Fergal has 20 years commercial experience, 15 of which in real estate. He is an asset management specialist having managed portfolios of office, residential and industrial assets up to $2.25bn. He has both an entrepreneurial and corporate background most recently having worked as Head of EMEA Portfolio Management for a US REIT. He has an MBA for London Business School and is based in London.

BERND HETTWER

Bernd is a German real estate veteran and has been developing and managing real estate in Germany for over 25 years. As well as investment in and active management of commercial buildings he has also undertaken the revitalisation of historic buildings across Germany. Bernd has strong relationships with local agents, owners and financing institutions. Bernd is based in Hannover.

Julian Power

Julian has over 25 years of experience across UK and German property investment, telecoms and finance. Julian has been investing in German property since 2005 and has previously managed the UK property investments for a Qatari wealth fund. He is a chartered accountant and member of the ICAEW. He is based in London.

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Contact


Contact


GET IN TOUCH

Hannover Steel GmbH
Bertastraße 3,
30159 Hannover,
Germany

email: info@hannoversteel.com
telephone DE: +49-511-28085 30
telephone UK: +44 20 363 75080
fax: DE: +49-511-2808512

 

Please contact us using the form below:-


CASE STUDIES


Some of our current and prior investments

CASE STUDIES


Some of our current and prior investments

Mülheimer Str. 72-74, Duisburg, Germany

This 2 hectare site had previously been the headquarters of the Duisburg Transport Authority. Purchased in 2018 HS has undertaken a complete refurbishment of the existing office areas and re-leased the space to a national health insurer and a leading European design company. In 2020 HS has received planning for a 10-storey 6,000 sqm. office building in part of the car park. Construction is planned to commence in 2024.

‘Sky Offices’, Bremen Airport City

This 11,000 sqm. portfolio of buildings was purchased in 2016, having been in insolvency. The buildings had been poorly managed and suffered from significant vacancies. HS undertook active tenant engagement and badly needed investment in the buildings, including the construction of a new parking deck. As a result the main leases were extended and new tenants secured for vacant space.