Commerz Real: Scope Investment Award for solar fund

→ Energy fund picks up award for second year in succession
→ 2010 current account testimony to many years of experience

For the continuation of its CFB solar funds issues with what is now the fourth fund (CFB Fund 179 Solar Deutschland Portfolio IV) Commerz Real has been honoured with the Scope Investment Award 2011 in the category closed-end energy funds.

In a statement the Scope jury listed three criteria that characterise an excellent participation offering in the energy segment: „A high degree of investment security through concrete investment items, renowned partners and an attractive outlook for returns.“ Commerz Real has shown that solar investments in Germany are able to meet all three criteria even in the current market environment.

“Furthermore, the initiator has set new standards on the German solar market with its installed energy output,“,

stated Scope. 

As recently as last year Commerz Real was honoured with the Scope Investment Award as the best issuing house In the energy funds segment with its CFB Fund 177 Solar Deutschland Portfolio III.

2010 current account confirms solid fund conceptse
In its 2010 current account Commerz Real Fonds Beteiligungsgesellschaft mbH (CFB) is able to boast 178 realised funds with an investment volume of 12.9 billion euros. The current account was published on the due date as of 30 September, 2011 pursuant to the guidelines of the Verband Geschlossene Fonds (VGF) [Association of Closed-End Funds] and may be downloaded under www.leistungsbilanzportal.de.

CFB manages equity capital with a value of 5.1 billion euros for some 71,000 customers with around 140,000 participations. The multiple subscriptions are testimony to the fact that many investors have very good reasons for the trust they have placed in CFB.

The result of the target/performance comparison between the forecast and the actual dividend distributions shows: 90 per cent of current CFB funds are higher than or at the level of the forecast cumulative values, including 2010, over the respective fund duration. In this respect the customary tolerance limit of plus/minus five per cent has been taken into account.

“With the latest current account we are able to demonstrate the many years of experience of CFB in fund management. In this respect, the transparency of the various products and our extensive services are an important aspect of our corporate policy,”

said Michael Kohl, managing director of Commerz Real Fonds Beteiligungsgesellschaft.

Despite the difficult market environment, our solid business policy has paid off with long-term leasing contracts and the involvement of competent partners,”

added his colleague Rolf-Dieter Müller.

The product range of CFB focuses on closed-end real estate funds in Germany and abroad, energy funds, selected aircraft funds, as well as ship funds. In 2010 CFB was able to place all three of the newly-issued funds in full. In addition to the two aircraft funds, each with an A319, the large-volume CFB Solar Fund 177 was placed in full in a matter of weeks. 

Secondary market with strong sales
Trading in CFB funds in the secondary market in 2010 attained a total volume of 30.7 million euros, calculated in nominal participations. Shares with a nominal value of 5.1 million euros were traded on the internet-based trading platform CFB Fonds Transfair. The platform, which has an extensive information section and prognosis calculator, is also noted for its extremely transparent and fair pricing, competent contract drafting and secure payment processing. With the “CFBPortal” app users are now able to access the CFB secondary market using their mobile telephones.  

Scope rating for CFB management quality: Overall score again AA
The Scope rating for issuing and management companies of closed-end funds once again gave Commerz Real Fonds Beteiligungsgesellschaft an overall score of AA (very high quality) for its management quality. 

The real estate fund segment received a particularly good assessment of AA+, the areas ship funds and energy funds were attested a very high quality with a rating of AA. Thus Scope has once again ranked CFB among the best-managed fund companies for closed-end funds. 

About Commerz Real AG
Commerz Real AG is a fully-owned Commerzbank AG member company. With approx. 40 billion euros in assets under management, Commerz Real AG counts among the world’s largest property asset managers and providers of structured leasing and investment solutions. Business focus is the provision of investment products, such as open-ended and closed-end real estate funds, institutional real estate funds, closed-end funds for ships, aviation, and renewable energy. The spectrum of services includes moreover the area of structured investments, which combines the activities of real estate leasing, big-ticket leasing, and structured financings, as well as equipment leasing.

CFB is the Commerz Real’s initiator of closed-end funds. With the experience of 178 closed-end funds launched, CFB counts among Germany’s leading issuance houses. The underlying investment volume totals approx. 12.9 billion euros, out of which more than 5,1 billion euros represent equity capital. More than 71,000 capital investors have subscribed more than 140,000 fund subscriptions. 90 percent of the current CFB funds have met or exceeded their planned cumulative distribution.