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

A listed building dating back to 1909, the 245-room five-star hotel had recently benefited from a partial refurbishment. Its attractive location gave the site significant potential for further development, yet this could no longer be capitalised on by the borrower.

Five-star hotel, Hamburg
Albulus structured the acquisition of the entire matured loan in November 2014 as part of a longstanding investment mandate for an institutional investor. Shortly after closure of the transaction, the hotel was sold to a professional investor and the loan repaid in full.

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