Investment
OUR DEWERT:
YOUR CAPITAL IN GOOD HANDS.
DeWert Deutsche Wertinvestment GmbH (DeWert) is a wholly owned subsidiary within the corporate network of the Hahn Group. The licensing and thus the authorization to operate as a capital management company (KVG) pursuant to Sections 18, 20 and 22 of the German Capital Investment Code (KAGB) by the Federal Financial Supervisory Authority (BaFin) was granted on April 4, 2014, and expanded on February 26, 2016. It thus fulfills the requirements to offer closed-ended investment funds within the meaning of the KAGB to private, semi-professional and professional investors.
Years of experience in project development, sales, and particularly in the management of real estate assets form the profound platform for delivering all necessary service components as well as regulatory processes based on the German Investment Code (KAGB). Integration into the Hahn Group allows access to the comprehensive range of services within the framework of a holistic business model.
OUR DEWERT:
YOUR CAPITAL IN GOOD HANDS.
DeWert has been licensed by BaFin since April 2014 and is authorized to issue and distribute domestic special AIFs (open-ended and closed-ended) as well as closed-ended retail AIFs. The KVG has the necessary comprehensive competencies to design sustainably high-yield investments for investors and, together with the Hahn Group, to manage them across the entire value chain.
OUR DEWERT:
YOUR CAPITAL IN GOOD HANDS.
Our fund experts tailor the risk classes, fund maturities, and debt ratios to the investment goals of the respective investor group. Furthermore, the company is responsible for the portfolio management and risk management of investment funds. The managing directors of DeWert are Torsten Klotz (Accounting and Controlling) and Marcel Schendekehl (Risk Management).
TORSTEN KLOTZ
Managing DirectorDeWert Deutsche Wertinvestment GmbH

MARCEL SCHENDEKEHL
Managing DirectorDeWert Deutsche Wertinvestment GmbH
SUSTAINABILITY RISKS
Information on Regulation (EU) 2019/2088 on sustainability-related disclosures in the financial services sector (Sustainable Finance Disclosure Regulation - SFDR)
Transparency of policies on the integration of sustainability risks in accordance with Article 3 of the Disclosure Regulation
Consideration of sustainability risks According to Article 2(22) of the Disclosure Regulation, sustainability risks are environmental, social, or governance events or conditions whose occurrence could have an actual or potential material negative impact on the value of an investment. These effects can impact the asset, financial, and earnings position of the special real estate fund as well as the reputation of the management company. Sustainability risks in the areas of climate and the environment are divided into physical risks and transition risks. Sustainability risks can impact all known types of risk (e.g., credit risks, market price risks, liquidity risks, operational risks) and overall contribute as a factor to the materiality of these risk types.INVESTOR INFORMATION
Conflicts of interest/Guiding principles for managing conflicts of interest
Complaint Management of DeWert Deutsche Wertinvestment GmbH
Summary of Investor Rights
Remuneration Policy of DeWert Deutsche Wertinvestment GmbH
DeWert Deutsche Wertinvestment GmbH (DeWert), as a management company, is obligated to design its remuneration policy in accordance with Section 37 of the German Investment Code (KAGB). In doing so, DeWert must ensure that its remuneration policy is consistently compatible with the risk management system and does not create incentives to assume risks that are incompatible with the risk profile, investment conditions, articles of association, or partnership agreement of the investment funds managed by DeWert. To ensure these requirements are met, DeWert has established a remuneration policy that is reviewed annually for its appropriateness, particularly regarding its compatibility with business and risk strategies.OUR OFFER.
Institutional investors
FOR PROS.OUR OFFER.
Private investors
FOR PRIVATE INVESTORS.
OUR MOST STABLE CURRENCY:
THE INVESTORS.
Since 2008, the Hahn Group has been managing real estate funds for institutional investors. Given the multitude of ways to structure an investment, it designs sustainably high-yielding investments for its investors and manages them across the entire value chain. Our fund experts tailor risk classes, fund durations, and debt financing ratios individually to the investment objectives of the respective investor group. Alternative investment opportunities, such as separate accounts or joint ventures, can also be continuously realized with the Hahn Group as a partner.
INSTITUTIONAL FUNDS
– Professional and semi-professional investors
– Fixed investment conditions aligned with the aligned interests of the investors
– Diversified real estate portfolios
– Subscription amount from EUR 10 million
– Individual investments or portfolios
– Open-ended or closed-ended special AIF; investment company
– Homogeneous circle of professional investors
– Common investment objective
– Subscription amount from 25 million euros
– Individual investments or portfolios
– Open-end or closed-end special AIF
– Large investor or investor consortium
– Tailored, personalized investment goal
– Subscription amounts starting at 100 million euros
OUR INVESTMENT FUNDS.
A SUCCESS STORY.
The institutional real estate funds of the Hahn Group are well positioned to generate sustainably attractive returns. In national fund benchmarking, they show in some cases significantly above-average returns in their asset class. For example, even against the backdrop of a conservative valuation policy, double-digit total returns were achieved for individual fund vehicles in 2021.
It all began with the HAHN FCP-FIS – German Retail Fund, which was established in partnership with LRI Invest S.A. This fully subscribed Luxembourg-based special-purpose fund, with a gross investment volume of over 500 million euros invested in retail real estate, remains one of the largest institutional funds in this asset class to this day. In 2022, we launched our newest open-ended specialized AIF, the Hahn German Retail Fund V, as an Article 8 fund.
OUR INVESTMENT FUNDS.
A SUCCESS STORY.
| ESTABLISHED INSTITUTIONAL INVESTMENT VEHICLES |
|---|
| Category | Designation | Asset Class |
|---|---|---|
| FCP under Luxembourg law | HAHN German Retail Fund I | Retail real estate |
| Open-Ended Special AIFs | HAHN German Retail Fund II | Retail real estate |
| HAHN German Retail Fund III | Retail real estate | |
| HAHN German Retail Fund IV | Retail real estate | |
| HAHN German Retail Fund V | Retail real estate | |
| Individual Mandates and Club Deals | Closed-End Special AIFs and Club Deals | Retail Real Estate or Mixed-Use Real Estate |
WHAT DRIVES US:
YOUR TRUST.
Since its founding, the Hahn Group has launched 194 retail funds for private investors. Approximately 3,900 people have placed their trust in the Hahn Group’s funds, maintaining their investments for an average of 16 years and achieving an average after-tax return of 5.39 %* per year. These figures are not merely an indicator of a keen sense of the market or a well-thought-out fund concept. They also demonstrate the quality and consistency of Hahn’s fund products, as well as the passion of our employees to give their best every day.
current funds
PERFORMANCE RETAIL FUNDS FOR PRIVATE INVESTORS
Launched retail funds for private investors
194
Number of customers/individual investors
about 3,900
Number of active subscriptions
about 7,600
Fully realized closed-end retail funds
120
Average term of the fully realized funds
15.9 years
Sum of total cash flows including final payment after taxes at the investor level relative to the paid-in equity
180 %
Average annual growth of assets after taxes
5,39 %*
Sum of all distributions plus final payment minus capital contribution (excluding front-end fee), divided by the term until liquidation; assuming a top income tax rate of 50 percent.
OUR PLUSWERTFONDS:
YOUR BENEFIT.
The closed-end retail funds launched under the Pluswertfonds brand are aimed at well-informed and high-net-worth individual investors who typically maintain a highly diversified investment portfolio. The minimum subscription amounts are generally 20,000 euros, or 200,000 euros for private placements. The average investment amounts of our investors are above average for our market segment. Combined with the comparatively high proportion of „repeat investors,“ this underscores the high level of trust in our expertise. And quite rightly so: in the Hahn Group’s history, every fund launched has been fully placed.
OUR PROMISE:
Value creation and transparency.
The Hahn Group’s motto is „Quality Work in Real Estate.“ These are more than just three words. It is a promise to our clients and business partners—one that applies to every aspect of our daily work. That is why transparency and openness are so important to us. We’ve compiled the most frequently asked questions about our funds for private clients.
Our Pluswertfonds primarily invest in high-quality, leased retail and mixed-use properties in Germany, such as retail parks, hypermarkets, and DIY stores.
The Hahn Group's Pluswertfonds are aimed at well-informed and affluent individual investors who typically maintain a highly diversified investment portfolio.
The minimum subscription amounts are generally 20,000 euros or 200,000 euros for private placements.
Since 1982, the Hahn Group has focused its activities on large-format retail, as this real estate class is characterized by long-term tenant commitment to a given location and stable demand. Tenants rarely give up their locations; and this is typically only considered in the event of a retailer’s strategic withdrawal from the respective local market. Consequently, a sustainable occupancy rate can be assumed. Large-scale retail properties, in particular, are subject to specific building code regulations that make them very attractive as investment properties.
Closed-end real estate funds are generally classified as alternative investment funds (AIFs) and are subject to the authorization requirements and supervision of the Federal Financial Supervisory Authority (BaFin). The legislature has mandated a wide range of investor protection measures for closed-end real estate AIFs. These primarily relate to the prospectus, which, for example, must include detailed and clearly visible risk disclosures. The management companies are typically independent providers (initiators) and are therefore not subject to any other conflicts of interest. Within the Hahn Group, the capital management company is DeWert. .
Successful big-box retail locations are characterized by their geographic location. In addition to good transportation infrastructure, they must also have a large catchment area, among other factors. However, the retail purchasing power of potential customers is also a key factor. These factors are present not only in large cities with over 100,000 residents but also in small and medium-sized cities. In these locations in particular, the lower land prices often result in a more attractive risk/return profile compared to large cities. Successful locations are particularly well-suited to the regional context and are therefore not dependent on traditional prime locations, as is often the case in the office or residential sectors. In most cases, so-called B or C locations offer a better risk-reward ratio.
Capital management companies are firms whose business operations are focused on managing domestic investment funds, EU investment funds, or foreign investment funds. The Hahn Group has established its own independent capital management company (DeWert Deutsche Wertinvestment GmbH) to perform these tasks. In 2014, DeWert received authorization from the Federal Financial Supervisory Authority (BaFin) to operate as a capital management company (KVG) in accordance with Sections 18, 20, and 22 of the German Capital Investment Fund Act (KAGB). In February 2016, DeWert received an extension of its license from BaFin to launch „general open-ended domestic special AIFs.“ This additional license and the resulting expansion of the product range opened up opportunities to attract new clients and investor groups.
OUR
Funds.
The Hahn Pluswertfonds series is a success story—not only for our clients, but also for the tenants of our individual properties. See for yourself the quality of the locations and settings, the high-quality properties, and the first-class tenants and their creditworthiness.
CURRENT FUNDS

OUR CONTACT PERSONS:
FOR YOUR INVESTMENT
We are pleased about your interest in our HAHN Pluswertfonds and a cooperation. We want to be directly there for you. Therefore, our employees are gladly at your disposal for your questions. For all further questions, please also feel free to use the contact form.

PASCHALIS CHRISTODOULIDIS
Managing Director & Head of Sales Private customers

MARTIN SCHMIDT
Head of Portfolio Management Private ClientsOUR PLUSWERTFONDS:
YOUR BENEFIT.
Just under two-thirds of the distribution partner structure of our HAHN Pluswertfonds is shaped by independent financial service providers. In addition, banks, asset managers, and family offices are increasingly active for the Hahn Group. Our investors are high-net-worth private clients as well as small and medium-sized foundations that invest in our funds.
Our sales team is available for trusted communication and personal interaction. We support sales partners with:






















