Real Estate Rental
10–50% shareholding in rental buildings in Germany and Denmark, with a net asset value of 37 mill. DKK and an annual rent of 5 mill. DKK.
The buildings are all leased on long term contracts, having long term loans and giving a long term cash flow to service the loans and dividends.
Having the estates at a solidity of more than 40% at a return on assets of 5%, the investments are considered a long term liquidity stream with a long term asset value at a low risk.
The quality of the investments is tied to an regular ongoing supervision and renewal of leasing contracts and funding every couple of years.
The portfolio currently include
- K/S Vesterbro, 2002, 25%, Conference hotel in Aalborg
- K/S Hamburg, 2007, 31,25%, Company domicile at Hamburg Airport
- Valbirk Grundbesitz Gmbh, 2014, 10%, Apartmentbuildings in Berlin and Dresden
- Valbirk Vermögensverwaltung UG, 2014, 10%, Retail buildings in Berlin; K/S Berlin, 30%
In 2018/19 hotels in Nürnburg and Darmstadt and a retailbuilding in Aarhus has been sold with a good return