Berlin is a city of apartment buildings. Large apartment complexes and housing estates characterise the cityscape. Despite rent control, rent brakes and rent caps, the capital and its surroundings still offer high value for some investors in apartment buildings. Interest is also directed at properties in free float, privatised apartment buildings and residential complexes in part-ownership. This article is based on the unique Top 250 Residential Real Estate Investors Germany – Largest Real Estate Buyers.
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- Most comprehensive Excel list available on the German market with real estate investors active in Germany
- Includes: asset volume, investment focus (asset classes and regional), link to the purchase profile, contact details, management, etc.
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- Last update: 29.12.2020
1. Inspiration Modernizes Residential Portfolio
Berlin-based Inspiration Group is a privately owned Berlin investor active since 2009. Recently, it successfully modernized a residential portfolio in Fürstenwalde near Berlin. It comprises a total of 23 apartment buildings with 317 residential units and 16,000 square meters of rental space. The properties were already acquired in 2019 with renovation requirements. The vacancy rate was reduced to three percent thanks to the renovation. Fürstenwalde is an interesting residential location for employees of the future Tesla Gigafactory.
2. Adler Real Estate AG sells apartment buildings
Adler was once known as the Frankfurt-based office machine manufacturer, but since 2016 the company has been operating as Adler Real Estate AG in Berlin. In addition to investments, the strategy also includes residential portfolio optimization with disinvestment. To this end, Adler Real Estate recently agreed the sale of 5,000 residential and commercial units in a total of 36 German cities. The buyer is an international real estate investor. The net proceeds amount to €237 million.
3. Deutsche Asset One acquires Berlin project
Deutsche Asset One is a Berlin-based investment and asset manager specializing in multifamily properties. It recently acquired a project development with 93 apartments and four commercial units in Berlin-Neukölln – part of a new urban quarter with 137 apartments. Construction is scheduled to start in the second half of 2021, with completion scheduled for 2023. The purchase price amounts to EUR 41 million.
Source: Listenchampion Image source: Unsplash