About Us - Cornhill AG

Mission Statement

Cornhill AG offers institutional investors an attractive yield by acquiring a portfolio of cash flow positive office buildings in the best possible secondary locations in Germany.

Cornhill is raising EUR 265M to acquire and to create an attractive real estate portfolio of more than EUR 750M in value.
As an active property portfolio manager and with a highly experienced Management Team the goal is it to combine and to manage a core business strategy with a steady growth of value and income.
Cornhill AG will generate positive cash flows from day one on its operations.
Cornhill has a deal pipeline of more than 50 properties with an asset value of more than EUR 800M that all fulfil Cornhill’s investment criteria.
A suitable off market office real estate portfolio of EUR 300M has been offered to Cornhill AG with the potential acquisition taking place in the first half of 2021.
Additionally, Cornhill AG has been offered another suitable office property portfolio with an asset value of EUR 210M.

With our extensive deal pipeline and knowledge, we are creating a product which is uniquely attractive given the current market environment.

Cornhill’s business case is very solid.

The company will be cashflow positive from day one, with no development risk and an average length of tenant agreements of 5 years +.
Cornhill will purchase office space at an average price of ca. EUR 1750 per sqm which is far below the replacement value of ca. EUR 3500.
The low rent of ca. EUR 8.50 per sqm has upside potential to increase the rental yield from today’s 6%.
Building the portfolio today, gives the opportunity to choose tenants that are less affected by Covid-19.
Protected from higher interest rates by locking in senior loans for 10 years at below 2% p.a. interest.
Safe haven, Germany is acknowledged to be Europe’s strongest economy with real estate being its safest sector.
Secondary locations offer better yields, less competition in the future thanks to the higher replacement value and lower vacancies than the A cities and therefore offer a better risk return profile leading to more security.