Die Welle rated AAA

Die Welle, an office building campus in Frankfurt am Main, acquired by Invesco Real Estate, the global real estate manager, last year, has been rated AAA by the real estate rating agency RQR Global. This rating corresponds to the highest possible level on the RQR scale. It positions the property among the very best quality properties in Frankfurt. 

“We are delighted to have achieved this excellent rating result, which is also a strong reconfirmation of our investment in this trophy office campus in Germany. RQR’s rating is dynamic as it factors not only dilapidation, but also obsolescence. We are strongly committed to maintain the current level of rating, which will help us to secure and enhance the long-term performance and to further position Die Welle as a resilient asset,” comments Cihan Kilinc, Director – Asset Management in Germany. 

RQR has rated AAA, the quality of the office asset Die Welle located in An der Welle 3 – 7, Reuterweg 16 – 20, Gärtnerweg 51, An der Welle 2 – 10, and Leerbachstrasse 3 – 7, 60322 Frankfurt an Main. The RQR rating provides a holistic and objective evaluation of properties intrinsic quality according to :

– 3 real estate dimensions (location, building, workspace),

– 3 sustainable development dimensions (economic utility, social utility, environmental utility).

The rating positions an asset relative to peers in its market. The rating scale ranges from single E to AAA. employees. It manages 172 assets across 15 European countries and with assets under management of US$14.6 billion.

Source : Invesco Real Estate as at 30 June 2020.

About Invesco

Invesco is a global independent investment management firm dedicated to delivering an investment experience that helps people get more out of life. 

 

Our distinctive investment teams deliver a comprehensive range of active, passive and alternative investment capabilities. With offices in 25 countries, Invesco managed US$1.1 trillion in assets on behalf of clients worldwide as of 30 June 2020. For more Information, visit Invesco.com. NYSE: IVZ.

About Invesco Real Estate

Invesco Real Estate is a global leader in the real estate investment management business with US$79.8 billion in real estate assets under management, 571 employees and 21 regional offices across the U.S., Europe and Asia. Invesco Real Estate has been actively investing across the risk-return spectrum, in direct real estate strategies such as core, debt, value-add and opportunistic as well as publicly-listed real estate securities since 1992. In Europe, Invesco Real Estate has eigh offices in London, Munich, Milan, Madrid, Paris, Prague, Luxembourg and Warsaw, and 171 employees. It manages 172 assets across 15 European countries and with assets under management of US$14.6 billion.

Source : Invesco Real Estate as at 30 June 2020.

About RQR

Real Quality Rating (RQR) is the global leader in quality, risks and impact for real estate assets. It is entrusted by major investor who use RQR’s services as a means to enhance the accuracy and speed of their decision-making. To this end, the RQR rating provides a holistic and objective evaluation of properties intrinsic quality.

RQR is a corporate member of the International Valuation Standard Council (IVSC).

Disclaimer – Global Quality Rating from RQR

The Global Quality Rating for the asset Die Welle has been realized in accordance with the RQR methodology. It has been based on the analysis of the information provided by INVESCO Real Estate. The quality rating which has not been audited is dated the 19th of June, 2019.

The rating is based on information provided by INVESCO Real Estate. The rate of documentated information reaches 95%. As a result, the confidence level of the information sources is 5/5 (“Excellent level”).

The methodology used is available on request.

 

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