Deutsche Investment has successfully acquired a portfolio in selected Berlin neighbourhoods. The portfolio comprises five properties, most of which date from around 1900, in the sought-after districts of Prenzlauer Berg, Friedrichshain and Moabit. In total, it comprises 178 residential and commercial units. With an occupancy rate of around 99 per cent, the portfolio is almost fully let.
The properties are situated in established inner-city residential areas characterised by high demand for housing, wellestablished
neighbourhood structures and excellent infrastructure. The excellent links to public transport and proximity to urban centres underline the long-term appeal of these locations. Deutsche Investment intends to hold the portfolio in its portfolio for the long term and to develop it further through active asset management.
“With the acquisition of the ‘Kanold’ portfolio, we are securing an attractive investment in established Berlin microlocations with stable demand and further development potential,” says Nina Sobotta, Senior Transaction Manager at Deutsche Investment. “The combination of historic buildings, good infrastructure and excellent public transport links
creates sustainable long-term letting prospects.”
“Berlin remains a strategic core market for us. The portfolio stands out due to the quality of its locations, the high occupancy rate and the mix of residential and complementary commercial use. We see long-term potential for value appreciation in these properties through active asset management and the continuing dynamic demand for housing
in urban locations,” says Gilbert Merz, Head of Transaction Management at Deutsche Investment.
The technical and legal due diligence was carried out by CBRE Berlin and Vesthaus Rechtsanwälte PartG mbB. Wüest
Partner acted as valuer.
