Organisation

Compliance safeguards privacy and ensures compliance with data protection laws and regulations. This includes compliance with financial regulations, such as anti-money laundering legislation and integrity directives, as well as ensuring transparency in investment decisions. Through customer due diligence (CDD), when transactions take place, the ultimate beneficial owner (UBO) is investigated. Compliance helps protect investors, prevent legal risks and maintain a strong reputation within the real estate industry.

Risk Management ensures transparency and reliability through a strong risk management framework according to the so-called three lines of defence model. Risk Management monitors the operational control of risks to the organisation and is thus partly involved in assessing, for example, acquisitions, disposals, fraud and IT risks. Efficient ICT systems and a focus on data integrity support us in delivering clear reports and forecasts to stakeholders on time.

Control monitors and directs financial performance and risks within the organisation. This includes monitoring budgets, analysing financial reports and providing insight into the financial situation. Finance & Control supports strategic decision-making by providing management with accurate financial insights and helps to achieve business goals.

Digital Management manages and optimises digital infrastructure and processes. This includes implementing technologies to improve data management, supporting digital transformations and ensuring cybersecurity. The team works on efficient IT solutions to streamline business processes and analyses data to support strategic decisions and drive overall digital innovation within Altera.

Accounting & Reporting accurately records and analyses financial data. This includes preparing financial reports, managing accounts and ensuring compliance with laws and regulations. The team provides essential insights to management and stakeholders so they can make informed decisions. 

Research & Strategy carries out data-driven market analysis, guiding investment policies for our funds. Research & Strategy bases its medium-term policy frameworks and annual investment plans on its own research. Procurements are tested objectively by conducting market analyses and researching rent levels and vacancy risks. In addition, Research & Strategy supports Altera’s operational portfolio activities by conducting sound analyses of the real estate market.

The Legal & Tax department formally handles real estate transactions, such as leases and purchase agreements. In addition, the team provides fund management support, including the preparation of articles of association, information memoranda and others.

Investor Relations builds and manages relationships with institutional investors, answers questions from investors and the third parties employed by them, such as investment consultants, real estate advisors and fiduciary managers, and takes care of their wishes and needs. Investor Relations is also responsible for business development, sales, marketing and communication. 

Office Management offers board and management support, is responsible for all office management tasks and is the first point of contact at Altera.

Acquisition identifies and acquires new-build and existing properties for the Altera Residential Fund and Altera Retail Fund, with national coverage and an efficient, transparent acquisition process. Each team member manages specific relationships and looks for new investment opportunities with clear strategic profiles for each sector. These are based on the technical and functional requirements as included in the Schedule of Requirements (SoR) and our preferred portfolio structure (in accordance with strategy and investment plans). Altera works with external parties for new construction and uses its own equity, whereby forward funding is possible. 

Human Resources provides expert career guidance, advises on employment law and plays an important role in hiring the desired new colleagues.

ESG (environmental, social and governance) shapes the sustainability objectives across our portfolio. This also includes technical and energy-saving objectives and efforts in the area of corporate social responsibility (CSR). All CSR-related projects are performed by Portfolio Management. 

The Secretary to the Board at Altera supports the Supervisory Board and the Management Board. They take care of meeting minutes, monitors regulatory compliance, supports decision-making processes and ensures efficient corporate governance.

Technical Project Management supervises new construction projects by planning and coordinating the technical process. The department ensures that construction projects are completed on time and on budget, while meeting Altera’s quality and sustainability requirements. Close cooperation with contractors, engineers and other stakeholders ensures the effective implementation of technical aspects within real estate projects.

ESG Technical Project Management integrates sustainability and ESG (environmental, social and governance) criteria within real estate projects. The department ensures that construction and renovation projects meet Altera’s environmental standards, such as energy efficiency and CO2 reduction, and contributes to sustainable property management.

Residential Portfolio Management manages and develops the residential portfolio with a focus on long-term operation and value growth. This includes strategic asset management, involving balancing costs and revenues, with a moderate rent policy to provide an attractive product for tenants. A hold/sell analysis is carried out annually to determine which assets will be retained or sold. The team is also responsible for technical management, including maintenance and redevelopment. In addition, the department actively works on sustainability and ESG (environmental, social and governance) targets within the portfolio.

Retail Portfolio Management manages and develops the retail portfolio with a focus on food and convenience. Strategic asset management focuses on optimal branching and creating attractive shopping areas. A hold/sell analysis is carried out annually to determine which assets are still in line with our strategy. The team is also responsible for technical management, including maintenance and redevelopment. In addition, the department actively works on sustainability and ESG (environmental, social and governance) targets within the portfolio.