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Alison Coutts, Executive Chairman, Memphasys Ltd.

Alison Coutts
Executive Chairman | Memphasys Ltd.
30 Richmond Road, 2140 Homebush West (AUS)

alison.coutts@memphasys.com

+61 2 8415 7300

Memphasys Executive Chairman Alison Coutts on in vitro fertilisation (IVF)


Thomas Soltau, CEO, wallstreet:online capital AG

Thomas Soltau
CEO | wallstreet:online capital AG
Michaelkirchstraße 17/18, 10179 Berlin (D)

service@smartbroker.de

+49 30 27 57 76 464

Smartbroker - wallstreet:online capital AG CEO Thomas Soltau in an interview on the market launch


Jonathan Summers, CEO, EXMceuticals Inc.

Jonathan Summers
CEO | EXMceuticals Inc.
1111 Alberni Street, Suite 1603, V6E 4V2 Vancouver (CAN)

jonathan@exmceuticals.com

EXMceuticals CEO Jonathan Summers on the medical cannabis market


06. January 2020 | 05:50 CET

Rent cap keeps Vonovia & Co on its toes: MOREH offers 6% fixed interest rate with commercial property

  • Real Estate

The discussions surrounding a rent cap in Berlin and other cities have repeatedly caused uncertainty among shareholders of real estate companies such as Vonovia in 2019. No improvement is in sight for 2020. Anyone who focuses on commercial real estate is not affected by this. For example, the real estate portfolio owner M Objekt Real Estate Holding GmbH & Co. KG, MOREH for short. In the summer of 2019, the company issued a corporate bond with a fixed interest rate of 6.00 percent with a semi-annual payment and extensive collateral. The security with a term of five years can be traded on numerous German stock exchanges. MOREH is a classic real estate portfolio holder with a focus on commercial real estate in Western Germany. Experts consider the MOREH bond to be attractive and have invested.

time to read: 1 minutes by Mario Hose


 

Experts from KFM Deutsche Mittelstand AG convinced

The MOREH bond has convinced the experts at KFM Deutsche Mittelstand AG. From the experts' point of view, MOREH and its parent company have built up a long-term successful track record and created sufficient references in the real estate market, enabling them to achieve above-average fundamental value increases in their projects. In conjunction with a return of 6.00 % p.a., the experts rate the MOREH bond as "attractive" and awarded 4 out of 5 possible stars for the summer issue. The experts also invested in the MOREH bond with their fund.

Family-managed real estate portfolio holder with diversified portfolio

MOREH is a classic real estate portfolio holder with a focus on commercial real estate in West Germany. The portfolio includes seven properties with a total usable floor space of around 48,000 sqm and a market value of around EUR 77 million. The properties - including office and retail properties, a retail park and an outlet center - are broadly diversified across property classes, tenant structures and locations. The occupancy rate is high at over 96 %.

As part of the Munitor Group, MOREH benefits from decades of experience in the development, purchase and management of commercial real estate. Since its foundation in 1982, the Saarbrücken-based Munitor Group has successfully developed projects with a total value of more than EUR 500 million.

Extensive collateral and covenants

The MOREH bond has extensive collateral and covenants. Among other things, a 100 percent payout block is planned. The profit is collected in an escrow account. A credit balance in the amount of one interest payment is also held in this account. The trustee is also equipped with comprehensive control functions. In addition, all shares in the individual property companies are pledged in favour of the bondholders. A further security, albeit indirect, is that the managing director Patrick Müller is privately liable to the banks with a guarantee of around EUR 8.5 million.


Conflict of interest & risk note

In accordance with §34b WpHG we would like to point out that Apaton Finance GmbH as well as partners, authors or employees of Apaton Finance GmbH may hold shares in the aforementioned companies and that there may therefore be a conflict of interest. Further details can be found in our Conflict of Interest & Risk Disclosure.


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17. February 2020 | 11:15 CET

HELMA Eigenheimbau AG - the real estate pearl from Lower Saxony

  • Real Estate

HELMA Eigenheimbau AG is one of the leading German construction service providers with a full-service offer. The focus is on the development, planning, sale and construction management of individually planned single-family homes, which are built in traditional solid construction on the customer's land. Via the subsidiary HELMA Wohnungsbau GmbH, which acts as a broadly diversified project developer and property developer, there is also the possibility to acquire the individual dream house in various metropolitan regions of Germany, also together with a suitable plot of land, from one source.

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16. January 2020 | 09:31 CET

Buy Homes & Holiday: Analysts see significant upside potential

  • Real Estate

Homes & Holiday AG should significantly increase sales and earnings in the current year 2020. This is expected by the analysts of GBC Research in their current study. On the basis of the refocusing on the core business on the Balearic Islands, which began in 2019, GBC has valued the specialist for holiday properties using a DCF model and calculated a fair value of EUR 1.05 per share. Based on the current price level of around EUR 0.40 per share, the analysts see high potential and have given the share a Buy rating. The potential market potential is very high.

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05. December 2019 | 13:57 CET

Alternative to Vonovia & Co? 6% MOREH bond with positive news

  • Real Estate

The real estate portfolio holder M Objekt Real Estate Holding GmbH & Co. KG, MOREH for short, issued a corporate bond in the summer of 2019 with a fixed interest rate of 6.00% on a semi-annual payment and extensive collateral. The security has a term of five years and is listed on the Munich Stock Exchange and all other German stock exchanges. MOREH is a classic real estate portfolio holder focusing on commercial real estate in western Germany. This means that the company is not affected by the current discussion about rent breaks or rent caps. Instead, MOREH reports rental success and convinces experts.

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