Deutsche Investment has successfully acquired three residential and commercial properties in central Berlin locations. The transactions comprise properties in the sought-after districts of Charlottenburg, Schöneberg and Friedrichshain and specifically strengthen the existing portfolio.
The acquired properties are characterised by their well-established neighbourhood structures, a high quality of life and excellent links to public transport. They also offer stable long-term letting prospects and further development potential.
These three acquisitions thus underline the consistent expansion of our Berlin residential portfolio and our focus on established inner-city residential areas with sustainable demand. All properties date from the turn of the century and are characterised by features typical of their era.
“With this portfolio, we have secured three high-quality properties in established Berlin residential areas, which are characterised by their sustainable lettability, attractive micro-locations and long-term potential for value appreciation. Despite a challenging market environment, we have succeeded in acquiring a balanced portfolio with a variety of location qualities and development prospects for our investor. The transaction underlines our consistent focus on selective investments in high-value residential properties in German metropolitan regions.” Nina Alexandra Sobotta, Senior Transaction Manager at Deutsche Investment.
“Berlin remains a key investment focus for our firm. The properties are impressive in terms of their location quality and existing condition. We see good prospects for managing and further developing the properties in a stable manner over the long term,” adds Gilbert Merz, Head of Transaction Management at Deutsche Investment.
In connection with the transactions, Deutsche Investment was advised on legal matters by Capstone Legal Rechtsanwaltsgesellschaft mbH and Vesthaus Rechtsanwälte PartG mbH, and on the technical valuation by Drees & Sommer, EY Parthenon, T&T and CBRE Berlin. Wüest Partner acted as valuer in all three transactions.
