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Real estate indicators 2021: the MIMCO group confirms its dynamic momentum

The MIMCO Group continues its development and highlights its key real estate indicators for the year 2021, placed under the sign of a very positive annual balance sheet supported by a fully controlled organizational structure.

A year marked by the arrival of MIMCO AM on the French market

The MIMCO group continued its strong momentum by recording an acquisition volume of more than 168 million euros in financial year 2021.

The group also acquired more than 99,000 sqm of space in 2021 and raised more than €65 million from its historical shareholders and new investors in Europe.

"These figures confirm the group's very good dynamism, which has recorded a fifth consecutive year of activity with excellent results. We also see an increase in the second half of the year, with the creation of our SGP in Paris in May 2021. We expect 2022 to be a new stage of growth, notably with ongoing investments on behalf of our 6 funds as well as the launch of new strategies in the coming months, in addition to our recent focus on the French market," explains Christophe Nadal, co-founder and CEO of MIMCO Capital and MIMCO AM.

The year 2021 has also seen a strong jump in value-added investments, benefiting from a significant valuation potential. While core assets, with stable medium- to long-term cash flows, accounted for 11% of investments, value-added operations with higher potential for capital gains represented 89% of the volume invested, confirming the group's investment strategy.

Ara Adjennian, Managing Director and Partner of MIMCO AM said: "With the creation of MIMCO AM in Paris, the group's objective was to open up to the French value-added market, which has one of the largest real estate markets in Europe. Thanks to the expertise of our teams in this area, operations in exceptional strategic locations are being finalized on the outskirts of the Parisian capital for the first half of 2022. This confirms the soundness of our investment strategy and the relevance of our real estate convictions."

Strategic adjustments in terms of investments

However, while in previous years most investments were concentrated in retail and office properties, in 2021 the focus was on storage (25.69%) and residential (23.07%), slightly behind retail (36.81%), which continues to dominate. Office space, meanwhile, was invested this year at 14.43% (-26% compared to 2020).

"We have focused our development significantly on residential and warehousing, in line with the investment strategy of our various funds focused on real estate in Luxembourg as well as our new club-deals focused on logistics." The year 2020 had voluntarily seen a significant increase in its investments in the Grand Duchy of Luxembourg.

"The share of our investments in the restructuring of obsolete offices in Germany remains similar," says Bernd von Manteuffel, co-founder and CEO of MIMCO Capital.

"At the end of a year that was particularly affected by the health crisis, the group's balance sheet is very dynamic, confirming the strong resilience of our model. The valuation of assets and operations in progress over the last twelve months reached more than 530 million euros as of December 2021," explains Christophe Nadal. "With the perspective of a more serene 2022, we are particularly confident in our ability to develop new qualitative projects to best meet the expectations of our investors." See you at the end of 2022 for the review!

Thank you to all our partners, shareholders and employees for their commitment and their constantly renewed confidence.

Luxembourg
MIMCO Capital S.à r.l. headquarters
Address: 26 Boulevard Royal
L-2449 Luxembourg
Tel: +352 2 799 3281
Email: office@mimcocapital.com
Germany
MIMCO Asset Management GmbH subsidiary
Address: Grolmanstrasse 36,
10623 Berlin
Tel: +49 30 810 5661-0
Email: office@mimcocapital.com
France
MIMCO Asset Management S.A.S. subsidiary
Address: 87 Boulevard Haussmann
75008 Paris
Tel: +33 1 44 70 04 36
Email: office@mimco-am.com
Access to MIMCO Asset Management website