Jos Short and Jochen Schaefer-Suren are delighted to announce the launch of our new real estate investment and asset management firm IREMIS.
For more than a decade governments and central banks have dealt with crises by providing numerous subsidies and liquidity at ultra-low interest rates leading to ever higher debts and inflated asset values. This made investment management easier facilitating the emergence of passive investment management.
Recent challenges like Covid, increased geo-political tensions and climate change have led to an unprecedented combination of economic disruptions, higher cost, inflation and interest rates as well as behavioural changes by consumers or business like the reversal of globalisation affecting the political, social and economic as well as capital market outlook across the globe.
All real estate classes will be affected by this more complicated economic and financial context requiring anew more active fund management by experienced specialist investment managers. Nowhere is this more valid than for complex real estate asset classes like hotel and leisure which are most affected by the above challenges and require specialist expertise to capture the significant opportunities in hotel and leisure this world of change will bring for the next few years.
Hence “IREMIS“ = Innovative Real Estate Management & Investment Solutions. Our new firm will focus on specialist sectors and to overcome these challenges with a senior team with the expertise, track record and network in hotel, leisure, and retail to develop innovative solutions and investment and asset management strategies to achieve above average returns in this context. Specifically, we will provide strategic and restructuring advisory, investment transaction and asset management services in private and public markets as well as separate account and fund management together with partners and investors. We can add value not only for our institutional investor clientele, but also lenders and occupiers. We will be active in core; value add and opportunistic strategies and also co-investments across Europe.
IREMIS has already a team with 80+ years of pan-European experience and track record and initially will have a presence in the UK, Germany, Spain and Luxemburg but grow into a Pan-European investment management company. Based on the track record and experience of its founders and initial team, IREMIS will start with a Hotel and Leisure division led by Peter Lenhardt. He was Jochen’s right-hand man for many years at Internos/Principal where Jochen was the CEO of Principal Real Estate Europe's Hotel and Leisure division, and managed very successful Hotel real estate funds and separate accounts. We are in the process of creating a retail division. Today we are a team of 5 experienced professionals and are happy to elaborate on our team and plans.