Talyo. Property Services takes over property management of Article 8 fund properties

by   CIJ News iDesk III
2022-05-12   10:10

Talyo Property Services (Talyo), a subsidiary of TATTERSALL LORENZ (Tattersall Lorenz) Immobilienverwaltung und -management GmbH primarily focusing on residential property management, has been instructed by MPC Capital on the management of three properties within the "ESG Core Wohnimmobilien Deutschland" fund - one of the first financial products in the real estate asset class in Germany to be approved under Article 8 of the Disclosure Regulation.

The three properties are located in the metropolitan regions of Frankfurt (Bad Nauheim), Hamburg (Pinneberg) and Munster and provide 113 one- to four-room residential units, with a total habitable area of around 7,800 square metres. The Munster property also includes a commercial unit. The three properties have a total of 123 surface and underground parking spaces.

The ESG Core Wohnimmobilien Deutschland fund was launched as an open-ended special AIF at the end of 2020 by MPC Capital in partnership with Universal-Investment. The objective of the fund is to establish a sustainable residential real estate portfolio. There are plans to expand the portfolio by the first quarter of 2023.

Martin Henke, managing director of Talyo, comments: "Observance of sustainability criteria is part of Talyo's corporate philosophy. We are therefore particularly pleased to have received this instruction from MPC Capital. For us, these are three more properties to be part of an Article 8 fund."

Talyo will manage the properties from its offices in Dusseldorf, Frankfurt and Hamburg.

Talyo currently manages around 12,000 residential units across Germany. It plans to expand its portfolio to around 20 to 25,000 residential units by 2025, including apartments in the student housing and serviced apartment segments.