More than 90 percent of VR-IMMOBILIEN-LEASING’s leasing portfolio successfully reduced

1. Aug 2023

Eschborn, 01.08.2023. Since the takeover by the LOANCOS Group, VR-IMMOBILIEN-LEASING GmbH (VRIL) has successfully reduced more than 90 percent of the acquired real estate portfolio. Originally, its volume was around 750 million euros in total. The last significant deal was the sale of an 83,000 square meter retail property on 30.06.2023.

The LOANCOS Group specializes in the reduction of non-strategic business areas in the banking and insurance sector. In 2019, it acquired VRIL and its extensive real estate and investment portfolio from VR Smart Finanz AG. Since then, it has sold more than 120 properties, thereby reducing its holdings by more than 200. The sales were mainly commercial properties. The portfolio also included various inland waterway vessels as well as locomotives and numerous freight wagons. Most of the properties and investments from the VRIL portfolio were sold to the former lessees. A few weeks ago, VRIL sold the largest leased property, a retail property with a usable area of around 83,000 square meters and a plot of around 32,000 square meters, to a holding company from the lessee’s environment.

Many years of transaction experience in all asset classes

LOANCOS and its subsidiaries have many years of transaction experience in all asset classes – including in B and C locations and outside the major cities. “We offer solutions for the reduction of complex financing and investment structures. On behalf of banks, insurance companies and other capital providers, we support the wind-down of non-strategic real estate and loan portfolios, including in the NPL segment. In view of the current situation on the capital market and the necessary investments in the energy efficiency of buildings due to the EU taxonomy, this can be an attractive option for many companies in order to position themselves alternatively and have portfolios managed externally,” says Markus Dieterle, Director Real Estate Leasing at LOANCOS and authorized signatory of VRIL. “As a service provider, we are always looking for reputation-preserving solutions that benefit everyone involved.”

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