The Frankfurt real estate firm INDUSTRIA, part of the Becken Group, has relaunched 'Industria Wohnen Deutschland VIII' as an open-ended real estate special fund. This measure follows the successful conclusion of the investment phase of the previous fund, 'Wohnen Deutschland VII'. For the new special fund, INDUSTRIA is targeting an equity volume of between EUR 200 and 300 million from institutional investors. The target total fund volume is estimated at EUR 300 to 500 million. A target distribution yield averaging at least 4.0 per cent p.a. has been communicated.
The fund is designed for investments in new-build and existing properties. The inclusion of properties built using serial or modular construction methods is also envisaged. IntReal International Real Estate Kapitalverwaltungsgesellschaft will serve as the service KVG for this fund. The fund's initial concept was developed in 2022 but has since been modified and repositioned due to changing market parameters.
Thomas Wirtz FRICS, Managing Director of INDUSTRIA Immobilien, explained that the fund meets the requirements of Article 8 of the Disclosure Regulation. For this purpose, specific ecological characteristics have been defined for the properties to be acquired. These are intended to ensure compliance with regulatory requirements while simultaneously providing INDUSTRIA, as asset manager, with sufficient scope to leverage market opportunities. For example, a specified proportion of the residential properties must have an energy efficiency class of B or better.
For properties whose energy efficiency class falls below this category at the time of acquisition, there is the possibility of achieving a significant improvement in energy requirements within the first five years after purchase through suitable measures. This flexibility is intended to allow for the integration of existing properties with potential for energy optimisation into the portfolio.
The fund's design is also based on the results of the 'INDUSTRIA Residential Investment Trends' investor survey from spring 2026. This survey identified a combination of existing and new-build properties as the preferred strategy for residential investments among approximately 42 per cent of respondents. Mr Wirtz emphasised that the new fund reflects current investor demands regarding its risk strategy – Core/Core+ – and the level of distribution.
