EQS-News

Branicks Group expands business model to include renewables asset class and cooperates with Encavis Asset Management AG

EQS-News: Branicks Group AG / Key word(s): Real Estate/Sustainability Branicks Group expands business model to include renewables asset class and cooperates with Encavis Asset Management AG 26.04.2024 / 07:00 CET/CEST The issuer is solely responsible for the content of this announcement. Branicks Group expands business model to include renewables asset class and cooperates with Encavis Asset Management AG

 

Frankfurt, 26. 04. 2024 – Branicks Group AG (Branicks), ISIN: DE000A1X3XX4, is strengthening its focus on operational value enhancement and additional return potential in the area of sustainability in the Commercial Portfolio and Institutional Business segments. On the one hand, this includes the consistent further expansion of the green building ratio as the equivalent of ecological assets, which already stood at 43.6% at the end of FY 2023. In addition, Branicks has started a cooperation with Encavis Asset Management AG (Encavis AM) in the Institutional Business segment to establish an independent "Renewables" asset class. The aim is to develop and offer investment vehicles in the field of solar and wind power plants in Germany and other European countries. A first fund with a target volume of EUR 300 million is being set up for this purpose and will be launched on the market shortly. Encavis AM's expertise as an independent asset manager and advisor for solar and wind power and Branicks' expertise in the structuring of investment vehicles complement each other perfectly. In the solar sector in particular, the use of land and buildings within the existing office and logistics asset classes also opens up additional yield potential.

Sonja Wärntges, CEO of Branicks Group AG: "The accelerated conversion of electricity generation in Germany to CO2-free energies as part of the energy transition requires a strong acceleration in the expansion of renewable capacities, especially in the solar and onshore wind sectors. The cooperation with Encavis as a specialist in the field of renewable energy and Branicks as an expert in investment vehicles and commercial real estate is an ideal combination to offer investors attractive investment opportunities in this dynamic market and to further develop Branicks' business spectrum in a value-driving manner."