Press release regarding the acquisition of a building in Wolfsburg, Germany

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With more than 15 years of experience in Germany, Inovalis confirms its ability to meet the requirements of its investors by sourcing investment opportunities with limited risk: quality buildings, tenants with good creditworthiness, long leases, dynamic economic environment with positive prospects.

On January 5, Inovalis closed its first acquisition in 2022 in Germany, acting for one of its historical investors in the Middle East. The property is fully leased to two automotive tenants with a weighted average lease term of 9 years.
The property is strategically located in Wolfsburg, Volkswagen’s anchor city, near its factory and headquarters. It was completed in early 2021 and comprises two buildings with a total of 9,400 square meters of leasable space and 179 parking spaces. The building is primarily office space and includes a test laboratory and cold storage.
The asset, built to the highest standards, is fully leased to two well-known suppliers to the automotive industry: the internationally active engineering services provider iinovis and Cariad, a growing wholly-owned subsidiary of Volkswagen specializing in automotive software and technology. They will operate on-site in a working environment using the latest state-of-the-art technology.
The financing of the acquisition, provided by Inovalis, was provided by DZ Hyp and the transaction was accompanied by HauckSchuckardt as legal advisor, DuDiederichs for the technical expertise and BNP Paribas as valuer.

With this new acquisition, Inovalis continues to invest on behalf of Investment House, one of our Middle Eastern clients. We hope to finalize in 2022 the creation of a pan-European real estate fund compliant with the principles of Islamic finance with this investor. This new acquisition also confirms the ability of Advenis Germany, which has been present in Germany since 2007, to source quality off-market assets in a dynamic environment,” said Khalil HANKACH, Managing Director of Inovalis.

“We are pursuing our growth strategy, with the objective of remaining the preferred provider of Shariah compliant investment solutions in Doha. In 2022, we will strengthen our ability to raise and deploy new investments by launching a European real estate fund with our partner Inovalis”, comments Mohamed Bin Ahmed Al Sowaidi, Chairman of Investment House.

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This press release has been prepared for information purposes only. It does not constitute an offer to the public and is not intended for distribution in any country other than France. The distribution of this press release, the Offer and its acceptance may be subject to specific regulations or restrictions in certain countries. The Offer is not addressed to persons subject to such restrictions, either directly or indirectly, and is not likely to be accepted from any country where the Offer would be subject to such restrictions. Accordingly, persons in possession of this press release are required to inform themselves about and to observe any local restrictions that may apply. Inovalis does not accept any liability for any breach of these restrictions by any person.


Inovalis Real Estate Funds Manager
52 rue de Bassano
75008 - Paris, France