Manova Partners Continues Its Growth Trajectory Despite Sluggish Economic Cycle
Assets under management climb to 11.7 billion euros at the end of 2024
Number of buildings held in the portfolio rises to 174
Focus to remain on growth markets Latin America and United States in 2025
Munich, 18th February 2025. Manova Partners, an internationally active independent real estate investment company that severed its ties with the Macquarie Group at the end of 2024, has managed to consolidate its position as a leading investment boutique. The company’s assets under management (AuM) reached a volume of c. 11.7 billion euros in 2024. Over the longer term, its AuM have gone up steadily from 9.3 billion euros in 2020, growing by around 25 percent. With another four assets added to the property holdings since, the total number now stands at 174. Transactions that Manova Partners closed last year had a volume of c. 409 million euros. It breaks down into 173 million euros in acquisitions and 206 million euros in disposals. Overall, more than 172,000 sqm of floor space were let on new leases, while 131 assets were subjected to decarbonisation audits, and financing arrangements for nearly 620 million euros were either concluded or extended.
“Now that we successfully became independent in late 2024, we will continue along our growth trajectory, which we pursued under the aegis of Macquarie over the past years, under our own steam in 2025. Since we have collaborated with various investors for many years, we already have enough capital commitments to become active on today’s exciting market. In total, more than one billion euros in additional investment capital has been made available to us,” reported Florian Winkle, Co-CEO of Manova Partners.
Focus on Latin America
Founded as GLL in Germany 25 years ago, Manova Partners has operated as an internationally active real estate investment manager since 2002. Just over half of the company’s property holdings are located in its European home market, which accounted for a 55 percent share in 2024. Other important target markets aside from Europe include the United States, Latin America and Australia. Investments were stepped up specifically in Latin America, pushing its proportion of the total holdings up by three percent to a new portfolio share of ten percent.
“One of our strategic goals is to expand our footprint in Latin America. At the moment, we manage more than one billion euros in real estate investments there. We are planning to intensify our investments especially in the logistics and light industrial segments in Mexico and Chile. Our presence on the ground gives us a competitive advantage because it lets us interact personally with market players, cultivate and expand local contacts, and respond to market opportunities promptly,” said Christian Göbel, Co-CEO of Manova Partners.
Increased Investments in Logistics Real Estate
A closer look at how the real estate segments in which Manova Partners operates are trending shows a strategic realignment over the past years. While office properties have traditionally made up the bulk of the portfolio, the logistics sector is increasingly moving into focus now. In 2024, its portfolio share grew to 23 percent.
“Our strategy concentrates on promising sectors that offer long-term value-add potential. Especially the logistics sector benefits from persistent demand for modern assets whereas in the office segment, we invest selectively in high-end assets in outperforming locations,” explained Göbel.
Outlook 2025
The company is planning to continue this strategy in 2025 by acting selectively on emerging opportunities in the logistics, residential and mixed-use real estate segments. Launching a new pan-European logistics real estate fund will be part of the strategy.
“In addition, we are planning to diversify our investor base by engaging in overseas networking. We intend to increase the number of investors especially in the Americas but also in Asia. Our recently opened office in South Korea will play a key role in this context,” said Winkle.
Press contact
Manova Partners
c/o RUECKERCONSULT GmbH
Corinna Zimmermann
manovapartners@rueckerconsult.de
