A dedicated investor specializing in German commercial real estate debt

Albulus is an investment adviser based in Frankfurt am Main, Germany, specialising in investments in subperforming and nonperforming commercial real estate loans. The Luxembourg-based Albulus CREDIT fund invests in maturing real estate debt in Germany for institutional investors.

As part of its distressed opportunities strategy, Albulus manages three customized investment mandates on behalf of one international and two German investors, targeting investments in nonperforming real estate loans. Since its establishment in 2011, Albulus has invested EUR 500 million equity capital in 19 successful transactions. The Albulus team has extensive expertise in the acquisition and workout of loans secured by

commercial property in Germany. It is headed by company founder Dr. Ruprecht Hellauer and his longstanding business partners, Dr. Tobias Friedrich and Christoph Schröder. Over the past 15 years, the management team has overseen investments in real estate debt with a nominal value of more than EUR 2 billion, and has managed loan workout with a volume in excess of EUR 1.5 billion.

Five-star hotel, Hamburg

Completed in 1971, the 281-room five-star hotel was in need of full refurbishment and urgent implementation of extensive fire protection measures.

Five-star hotel, Hamburg
Albulus structured the acquisition of the nonperforming senior loan in November 2012 as part of the specialised investment mandate for an international investor. The borrower - a Swiss SPV - initiated shortly ahead of the transfer of the receivables insolvency proceedings which resulted in the termination of the existing management agreement with an international hotel operator. Working closely with the insolvency administrator, Albulus successfully sold the hotel in 2013 to a private investor currently developing a new luxury hotel called The Fontenay on the site.

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