KGAL achieves record figures in 2014

PRESS RELEASE
KGAL achieves record figures in 2014
Grünwald, 05.02.2015 – In the financial year 2014, the KGAL Group was able
to raise the record amount of more than EUR 1 billion in equity from
investors. With this result the company increased last year´s figures (EUR
487 million) more than 100 per cent. For almost two years now, KGAL has
been focusing successfully on business with institutional investors. The
strategy is paying off, as the current figures show.
In total, the investors committed a capital of EUR 1,006.7 million to KGAL. The
specialist in real asset investments was thereby able to surpass its ambitious
targets and achieve the best result in the company’s history. In 2007, which has
long been the most successful year. KGAL raised about EUR 811 million.
For 18 months now, the fund sector has been operating in a regulated market.
Investing in real assets has changed considerably over the past few years. “We
quickly implemented the requirements of regulation and are focusing on
institutional investors now,” explains Gert Waltenbauer, CEO of the KGAL Group.
This strategy is paying off. “In 2015 we will be building on this success. Due to
low interest rates, investments in real assets are a perfect match for institutional
investors who appreciate our years-long experience and our high standards of
quality,” continues Waltenbauer. KGAL designs financing solutions and real asset
investments in the fields of real estate, aircraft and infrastructure (energy).
Real estate: equity quadrupled
In 2014 investors focused particularly on investment opportunities in real estate.
This asset class recorded an increase in funds raised to EUR 683.6 million
compared with EUR 158.6 million in the previous year. “Real estate continues to
be very popular among our investors. In 2015, we will use the collected equity to
realise attractive investments and buy selected properties such as office space,
commercial buildings and retail parks in Germany and Austria,” emphasises
Waltenbauer. The acquisition of the office and commercial building MONA in
Munich, the purchase of an office complex in the financial hub of Frankfurt as well
as the acquisition of several retail parks in Bavaria and Austria are among the
highlights of 2014.KGAL also recorded several successful deals in the field of
aircraft. The collected equity rose up to EUR 264.6 million compared with
EUR 40.5 million in the previous year.
In 2014, aircrafts were in demand as never before. “We are very delighted about
the significant commitments by institutional investors in this field. The strong
demand confirms our 35 years of experience with aircrafts”, stresses Gert
Waltenbauer. Together with the company´s own asset manager GOAL, KGAL
succeeded in realising more than 20 aircraft transactions in 2014.
PRESS RELEASE FROM KGAL
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Only the field of infrastructure, photovoltaic and wind, recorded declining figures.
Cuts to subsidies and retroactive changes in southern European countries had
negative impact on the investment climate. As a result, KGAL raised equity of
EUR 58.5 million in 2014, while it was EUR 287.9 million in 2013.
“Over the years, we will be improving again in this field. Even without public
subsidies, renewable energies offer attractive investment opportunities. We are
currently also targeting new countries outside Europe,” underlines Waltenbauer.
Newly subscribed equity in the financial year 2014
Asset category
Equity in EUR million
Real estate
683.6
Aviation
264.6
Renewable energy
Total
58.5
1,006.7
Approx. 3,472 characters (including spaces)
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“KGAL/Oliver Jung” as the image source when used.
KGAL GmbH & Co. KG, a German based asset- and investment manager, with registered offices in
Grünwald near Munich (Germany) has been initiating and managing long-term real capital
investments with sustainable and stable yields for more than 47 years. The company's portfolio of
services comprises the design and management of funds for institutional investors. The quality of
KGAL products in the main asset categories of real estate, aviation and infrastructure is based on the
experience of its in-house experts.
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As of December 31 2014, the KGAL Group manages an investment volume of EUR 22.3 billion.
KGAL currently manages capital for 102,000 investors (incl. multiple subscriptions) with equity
investments in a total of 129 active limited partnership funds. Investors have entrusted EUR 6.8 billion
in equity capital to KGAL for these funds. The KGAL Group has 322 employees (as of 31.12.2014).
KGAL GMBH & Co. KG
Andrea Fusenig
Head of
Marketing & Communications
Tölzer Str. 15
82031 Grünwald
Germany
T 089 64143-533
F 089 64143-150
[email protected]
www.kgal.de
www.kgal-group.com