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Revision of the KAGG (German Law on Capital Investment Companies)
| Since March 1, 1990, companies in Germany have only been permitted to manage theri current assets in specialist funds. In our special property funds, the investors are involved in making general decisions affecting fund management but leave day-to-day decisions and fine tuning to Deka Immobilien Investment GmbH. The amended KAGG now provides sufficient latitutde for matching the fund`s investment policy to the particular objectives and specific needs of the investors (shareholders). |
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Structure of Special Funds
| The strategic orientation of the fund is determined by the investment committee. The members of this committee include representatives of the investors and, if necessary, of the deposit bank as well. Regular meetings are held with investors to explain actions taken to develop the fund, to discus prospects in the property markets, and to agree on a strategic framework for future fund management. |
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Consulting and Management
| The investment policy objectives, property fund`s investment volume, and other key aspects such such as determining contractual conditions and initial issue prices and terms are discussed in detail with investors. Membership in the Investors`Council and the tentative share issue date are also covered. Once the share certificates have been distributed and the corresponding capital from the special fund is available, the fund is considered to have been issued. |
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Your Benefits at a Glance
Investment in an open-ended special property fund offers considerable advantages to investors:
- This kind of investment gives investors greater freedom with regards to balance-sheet and investment policy, e.g., free choice of the reporting year or how fund shares are treated in the balance sheet based on the lowest-value principle
- In addition, active property management can be undertaken independently of balance-sheet and taxation, allowing regular distribution of ordinary income.
- Because the fund is managed just like a security, additional efficiency-enhancing effects can be achieved with minimum administrative expenses
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DEFINITION
INVESTMENT PHILOSOPHY
