We address our information and offers exclusively to professional and semi-professional investors. They are not suitable for private investors.
Professional investor
see section 1 (19) no. 32 KAGB (German Capital Investment Code)
Professional investor means any investor who is considered a professional client within the meaning of Annex II to Directive 2004/39/EC or who may be treated as a professional client upon request.
Semi-professional investor
see section 1 (19) no. 33 KAGB
Semiprofessional investor is
a)
every investor,
aa)
who undertakes to invest at least 200,000 euros,
bb)
who states in writing in a document separate from the investment commitment agreement that he is aware of the risks associated with the proposed commitment or investment,
cc)
whose expertise, experience and knowledge the AIF management company or the marketing company appointed by it assesses without presuming that the investor has the market knowledge and experience of the investors listed in Section I of Annex II to Directive 2004/39/EC,
dd)
where the AIF management company or the marketing company appointed by it is satisfied, having regard to the nature of the proposed obligation or investment, that it is in a position to make its own investment decisions and understands the risks involved and that such an obligation is appropriate for the investor concerned, and
ee)
to which the AIF management company or the marketing company acting on its behalf confirms in writing that it has carried out the valuation referred to in point cc and that the conditions referred to in point dd have been met,
b)
a director referred to in Article 37(1) or employee of the AIF management company, where he invests in AIF managed by the AIF management company, or a member of the management or board of directors of an externally managed investment company, where he invests in the externally managed investment company,
c)
any investor who undertakes to invest at least EUR 10 million in an investment fund,
d)
each investor in legal form of
aa)
a public-law institution,
bb)
a foundation under public law, or
cc)
a company in which the confederation or a federal state holds a majority stake,
if, at the time of the investment of the institution, foundation or partnership, the federal government or the state is invested in the special aif in question.
The content of this website is for your information only. They do not constitute an offer or recommendation to buy or sell securities, fund units or the like. The information provided here is not suitable for making such investment decisions. The content preparation and supply of sales documents are subject to strict regulation, which can only be fulfilled by written documents obtained from 5QRE. Nor does 5QRE intend to use the information on this website to promote the sale of investment products. Finally, the information on this website is not intended to provide legal or tax advice.
The sole binding basis for the purchase of fund units in the AIFs managed by Five Quarters Real Estate AG are the valid contractual documents and the latest annual report. These can be obtained free of charge from Five Quarters Real Estate AG. Insofar as investment funds are distributed via this website, their units may only be distributed in the Federal Republic of Germany.
The layout of this website, the image material used, the individual text contributions and the collection of these contributions are protected by copyright. We are pleased about the reproduction or forwarding of information from our website if it takes place under certain conditions. Either our prior consent must be obtained for reproduction or transfer, or the transfer takes place by reference / link to the entire website (WWW.5QRE.COM). 5QRE is not liable for the content of any third party websites to which this website contains links. This applies even if they look so similar to our website that it might be assumed that they are the website of 5QRE.
If past performance is shown, no conclusions can be drawn about future performance. It cannot be excluded that in the event of a return or sale, the investor will not receive back the invested capital in full or in part. To the extent that statements on this website do not point to historical facts, these are expectations, estimates or forecasts. As a result, they may differ from actual results in the future.
Despite careful preparation of the website, we assume no liability for the correctness, completeness, accuracy or appropriateness of the information and estimates. This applies in particular to any legal or tax components of the presentation. No liability is assumed for damages resulting from the use of the information retrieved from this website.
The Federal Financial Supervisory Authority (BaFin) has granted Five Quarters Real Estate AG permission to operate as an AIF capital management company.
Sustainability-related disclosures
Statement on principal adverse impacts of investment decisions on sustainability factors | English Summary
Sustainability-related disclosure pursuant to Art. 5 of the SFDR
Principal Adverse Impacts (PAI) Guideline
Funds currently being distributed
Fund name: 5QRE Healthcare Infrastructure Germany 01
Legal type: Open-ended special AIF with special investment conditions
Regional allocation: Germany
Sectoral allocation: Healthcare property
Classification according to the SFDR: Article 8 fund
Further product-specific information is available to professional and semi-professional investors on request.
Conflicts of Interest
General
Five Quarters Real Estate AG (hereinafter: 5QRE, the Company, the AIFM) is an external capital management company (Kapitalverwaltungsgesellschaft) within the meaning of the German Capital Investment Code (Kapitalanlagegesetzbuch, KAGB), and is obliged to act in the best interests of the investors in the investment funds it manages.
The Company is required to identify, record, monitor and, where possible, prevent or manage all conflicts of interest between itself, its employees, the investment funds it manages, and the investors in those funds. The Company’s principles for managing conflicts of interest are based on Sections 26 and 27 KAGB and Articles 17 to 21 of Commission Delegated Regulation (EU) No 231/2013.
Potential Conflicts of Interest
In the course of its business activities, the Company has identified the following typical sources of conflicts of interest:
- Conflicts between different investment funds managed by the Company and between those funds and their respective investors
- Allocation of investment assets (in particular real estate) when managing multiple investment funds simultaneously
- Award of contracts to affiliated companies or related parties
- Outside activities of employees
- Remuneration and incentive schemes for employees
- Personal transactions by employees
- Receipt or granting of inducements (fees, commissions, non-monetary benefits)
- Portfolio restructuring within investment funds
- Valuation of assets (in particular real estate)
Measures to Prevent and Manage Conflicts of Interest
The Company takes appropriate organisational and administrative measures to prevent conflicts of interest or, where prevention is not possible, to manage them and minimise their adverse effects on investors. Where conflicts of interest cannot be avoided, the affected investors will be informed in an appropriate manner. Measures employed include, in particular:
- Establishment of information barriers (Chinese walls)
- Guidelines on personal transactions by employees
- Principles governing the receipt and granting of inducements
- Remuneration framework with appropriate risk alignment
- Principles for the best execution of orders
- Allocation principles when managing multiple investment funds
- Procurement process for external services
- Hold-sell analyses upon disposal of assets
The above measures apply, in appropriately adapted form, to the various types of investment funds managed by the Company.
For further information about our approach to conflicts of interest, please do not hesitate to contact us.
Order Execution (Best Execution)
Dear Investor,
Five Quarters Real Estate AG (hereinafter: 5QRE, the Company, the AIFM) has established principles for achieving the best possible execution of orders when acquiring and disposing of assets on behalf of the investment funds it manages. These principles are based on Section 27a KAGB and the relevant provisions of Commission Delegated Regulation (EU) No 231/2013.
The Company takes all appropriate measures to achieve the best possible outcome for the investment funds it manages when acquiring and disposing of assets (in particular real estate, as well as other assets permissible under the respective investment conditions). In doing so, the Company takes into account, in particular, the following factors:
- Price of the asset
- Transaction costs
- Speed and likelihood of execution
- Size and nature of the transaction
- Specific characteristics of the asset
- Any other relevant considerations
The execution principles are reviewed regularly, at least once a year and upon any significant change in market conditions, for their effectiveness and updated where necessary. All transactions are continuously documented.
For further information about our execution principles, please do not hesitate to contact us.
Prevention of Undue Impairment of Transactions
Five Quarters Real Estate AG (hereinafter: 5QRE, the Company, the AIFM) is obliged, pursuant to Sections 26 and 27 KAGB and the relevant provisions of Commission Delegated Regulation (EU) No 231/2013, to act in the best interests of investors and to refrain from unjustified transactions or abusive market practices.
The Company also adheres to the Code of Conduct of the German Investment Funds Association (BVI Bundesverband Investment und Asset Management e.V.; BVI Code of Conduct). The key principles are as follows:
- No unreasonable costs or fees are levied; investor interests are not impaired by market-abusive practices.
- Transactions are executed in a market-compliant manner and with fair treatment of all investors.
- Investors are informed in a clear, comprehensive, and readily comprehensible manner.
- Management and the Supervisory Board promote good corporate governance.
- The Company accepts its responsibility in environmental, social, and governance (ESG) matters.
The transaction activity of the investment funds is at all times guided by the respective investment objectives and conditions. To prevent unjustified transaction frequency, the Company has implemented the following measures:
- Hold-sell analysis for each disposal transaction
- Analysis of the use of proceeds upon disposals
Documentation of these analyses forms a necessary part of the decision-making process of the Management Board and the relevant governance bodies.
For further information on this matter, please do not hesitate to contact us.
Whistleblowing System
Basis and Purpose
Five Quarters Real Estate AG (hereinafter: 5QRE, the Company, the AIFM) operates an internal whistleblowing system in accordance with the requirements of the German Whistleblower Protection Act (Hinweisgeberschutzgesetz, HinSchG) and Directive (EU) 2019/1937 of the European Parliament and of the Council. The system provides individuals with a confidential channel for reporting suspected violations of law, regulatory requirements, or internal policies.
Reporting Irregularities
If you have knowledge of, or reasonable grounds to suspect, any irregularities, violations of law, or fraudulent conduct at Five Quarters Real Estate AG, you are invited to contact the responsible member of management or the external whistleblowing ombudsman.
Responsible Contacts
Member of Management responsible for Risk Management and Organisation:
Carsten Lehmann
Versmannstraße 2, 20457 Hamburg, Germany
Tel.: +49 40 60779 14-24
E-mail: carsten.lehmann@5qre.com
External Whistleblowing Ombudsman:
Dr iur Harald Feiler
GSK Compliance Services GmbH
Bockenheimer Landstraße 24, 60323 Frankfurt am Main, Germany
Tel.: +49 69 710003-0
E-mail: harald.feiler@gsk.de
Deputy Whistleblowing Ombudsman:
Dennis Stenzel
GSK Compliance Services GmbH
Neuer Wall 69, 20354 Hamburg, Germany
Tel.: +49 40 36 97 03-0
Confidentiality
When making initial contact (by e-mail, post, or telephone), please indicate that your communication is strictly confidential. The external whistleblowing officer is obliged to maintain the confidentiality of the whistleblower’s identity to the extent within their control. In exceptional cases prescribed by law (e.g. pursuant to a regulatory order or criminal law obligation), disclosure of the whistleblower’s identity may be legally required.
Scope and Misuse
This system is intended exclusively for reporting suspected violations of law and regulatory or internal requirements. Any misuse for other purposes may constitute a criminal offence.
General Information on Inducements
Five Quarters Real Estate AG (hereinafter: 5QRE, the Company, the AIFM) discloses the following information on inducements in accordance with Article 24 of Commission Delegated Regulation (EU) No 231/2013.
Legal Framework
Article 24 of Commission Delegated Regulation (EU) No 231/2013 governs the permissibility of inducements in connection with the collective management of Alternative Investment Funds (AIFs). Fees, commissions, or non-monetary benefits are permissible where:
(a) the existence, nature and amount of the fee, commission or benefit – or, where the amount cannot be determined, the method of calculating that amount – is clearly disclosed to AIF investors prior to the provision of the relevant service, in a comprehensive, accurate, and understandable manner; and
(b) the payment of the fee or commission, or the provision of the non-monetary benefit, is designed to enhance the quality of the relevant service and does not impair compliance with the AIFM’s duty to act in the best interests of the AIF or its investors.
Inducements of Five Quarters Real Estate AG
In the course of collective portfolio management, the Company receives from or grants to third parties inducements of the following types:
- One-off or ongoing distribution fees
- Non-monetary benefits, in particular market information and research, as well as invitations to professional events, conferences, and seminars
These inducements are designed to enhance the quality of the services provided, without impairing the Company’s duty to act in the best interests of the investment funds it manages or their investors.
Detailed information regarding the nature, amount, and, where applicable, the method of calculating specific inducements will be disclosed to investors individually as part of the pre-contractual disclosure process.
For further information, please do not hesitate to contact us.
Complaints Management
General
Five Quarters Real Estate AG (hereinafter: 5QRE, the Company, the AIFM) has established effective and transparent procedures for the appropriate and prompt handling of investor complaints (Section 28 KAGB; Section 4(3) of the German Capital Management Company Regulation, KAVerOV, for open-ended real estate investment funds and retail AIFs).
A complaint is any expression of dissatisfaction addressed to the Company by an investor – or their representative – in connection with the provision of collective portfolio management services. No particular form is required to submit a complaint.
Complaints may be submitted free of charge by e-mail, post, or telephone.
Contact / Complaints Office
Compliance Officer
Five Quarters Real Estate AG
Campus Tower, Versmannstraße 2
20457 Hamburg, Germany
Tel.: +49 40 60779140
E-mail: hello@5qre.com
Complaints Procedure
Upon receipt of a complaint, you will promptly receive an acknowledgement of receipt, together with information about the process and the expected handling period. The Company processes all complaints diligently, impartially, and within a reasonable timeframe.
All complaints are systematically recorded and documented in a central complaints register. Should the handling take longer than initially indicated, you will be informed by way of an interim notice explaining the reasons for the delay and the expected completion date.
Complaints Procedure
Upon receipt of a complaint, you will promptly receive an acknowledgement of receipt, together with information about the process and the expected handling period. The Company processes all complaints diligently, impartially, and within a reasonable timeframe.
All complaints are systematically recorded and documented in a central complaints register. Should the handling take longer than initially indicated, you will be informed by way of an interim notice explaining the reasons for the delay and the expected completion date.
Complaints may be submitted in German or English.
Notice for Investors in Open-Ended Real Estate Funds and Closed-Ended Retail AIFs
Investors who qualify as consumers under applicable consumer protection law (i.e. natural persons acting for purposes which are predominantly outside their trade, business, or profession) may, in the event of disputes arising from the application of the provisions of the KAGB, refer their complaint to the Consumer Arbitration Board established at the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, BaFin). The Company participates in the procedure of this arbitration board.
Consumer Arbitration Board at the Federal Financial Supervisory Authority – Unit VBS 12 –
Marie-Curie-Straße 24–28, 60439 Frankfurt am Main, Germany
E-mail: schlichtungsstelle@bafin.de
www.bafin.de
Notice for Investors in Open-Ended Real Estate Funds and Closed-Ended Retail AIFs
Investors who qualify as consumers under applicable consumer protection law (i.e. natural persons acting for purposes which are predominantly outside their trade, business, or profession) may, in the event of disputes arising from the application of the provisions of the KAGB, refer their complaint to the Consumer Arbitration Board established at the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, BaFin). The Company participates in the procedure of this arbitration board.
Consumer Arbitration Board at the Federal Financial Supervisory Authority – Unit VBS 12 –
Marie-Curie-Straße 24–28, 60439 Frankfurt am Main, Germany
E-mail: schlichtungsstelle@bafin.de
www.bafin.de
The Company is neither willing nor obliged to participate in dispute resolution proceedings before any other consumer arbitration board.
Notice for Investors in Specialised Investment Funds (Spezial-AIF)
Specialised investment funds (Spezial-AIF) may only be acquired by professional and semi-professional investors within the meaning of the KAGB. No consumers within the meaning of consumer protection law are involved in these investment funds. The Company is therefore not obliged to participate in the BaFin Consumer Arbitration Board in respect of Spezial-AIF. The Company does not voluntarily participate in the procedure of that arbitration board for Spezial-AIF investors either.