October 2009 | DERECO Real Estate initiates closed-end funds in the form of private placements

Since the beginning of the year 2009, DERECO Real Estate from Cologne has been holding intensive
meetings with customers from the sectors private banks, family offices and property administration with
regard to the initiation of closed-end funds in the form of private placements. These currently arouse
the interest of partner enterprises with smaller, familiar structures that have already been represented
successfully and reputably on the market for a longer period of time. “Particularly recently, “big“ names
have caused many problems,“ says Tassu M. Degen, managing director of DERECO Real Estate.
“If one enjoys a professional and consistent position on the market with one’s company and offers
individual investment models with low structuring costs and one’s own contribution of capital, the
doors are open for constructive negotiations,“ says Degen.
Up to now it has become clear in various places that wealthy private investors have an increasingly
strong desire to invest in property interests. The reasons for this are mainly the assumption of higher