€400m investment in Aurelis Real Estate by AIMCo

Deal typePrivate Equity & Transaction Services
IndustryReal Estate
Client nameAIMCO Luxembourg S.à r.l.

BDO provided transaction support and due diligence to Alberta Investment Management Corp. (AIMCo) on its €400m minority investment Aurelis Real Estate.

Alpine Grove Partners LLP completed a general partner-led recapitalisation of industrial real estate operating company Aurelis Real Estate GmbH & Co. KG.

As part of this, AIMCo, a Canadian institutional investor, committed more than €400 million in equity to the investment and acquired a significant minority stake.

AIMCo is one of Canada’s largest and most diversified institutional investment managers with more than USD118 billion of assets under management.

Aurelis Real Estate, is a German light industrial real estate operating company with a €1.7 billion portfolio of industrial and land assets. It is a vertically-integrated real estate operating business providing warehouse and distribution solutions for Europe’s leading industrial companies including Porsche, Deutsche Bahn and Evonik. It is a leading developer of urban infill land and partners with municipalities to revitalise post-industrial sites. The portfolio spans nearly 6 million square metres of land and one million square meters of buildings in the industrial heartlands of Germany.