Deutsche Investment increases its real estate holdings with the acquisition of a residential and commercial portfolio for EUR 220 million

Hamburg, 4 June 2019 – Deutsche Investment Kapitalverwaltungsgesellschaft has acquired a residential and commercial property portfolio for EUR 220 million for its special funds. The lion’s share of the portfolio, around 84%, is residential. In total, the portfolio comprises 38 properties in Berlin together with properties in Leipzig and Schönberg near Lübeck. Around 90% of the rental income from the portfolio’s 1,088 residential and 103 commercial units is generated in Berlin. The seller is an international capital management company owned by a European family office. The transfer of benefits/encumbrances has already taken place.

A vast majority of the 38 residential and commercial buildings in Berlin are located in central districts within Berlin’s commuter rail ring, largely in the popular districts of Friedrichshain, Moabit and Wedding. A further four residential and commercial buildings, as well as an undeveloped site, are located in and around Leipzig, and one apartment building is located in Schönberg near Lübeck. The portfolio comprises well-constructed properties, many of which offer significant potential for further densification. The average rent for the residential units is around EUR 6.70 per sqm.

“Thanks to our direct market access and our partnership with the EB GROUP, even in the highly competitive Berlin market, we have succeeded in acquiring a high potential real estate portfolio for our institutional investors”, says Patrick Gehring, Head of Transaction Management at Deutsche Investment KVG. “The properties ideally complement our established real estate portfolio in Berlin and are managed on a long-term and sustainable basis by our group of companies. We will leverage the identified development potential with our holistic management approach”, adds Michael Krzyzanek, Managing Director of Portfolio Management at Deutsche Investment KVG.

Deutsche Investment was advised by GSK Stockmann Rechtsanwälte Steuerberater Partnerschaftsgesellschaft mbB, KPMG and acht+ Baumanagement Immobilienberatung GmbH. The seller was advised by Mazars GmbH & Co. KG and the law firm BRL BOEGE ROHDE LUEBBEHUESEN. The transaction was brokered by Mazars Advisors GmbH & Co. KG, who acted as transaction advisor.

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Deutsche Investment increases its real estate holdings with the acquisition of a residential and commercial portfolio for EUR 220 million

Hamburg, 4 June 2019 – Deutsche Investment Kapitalverwaltungsgesellschaft has acquired a residential and commercial property portfolio for EUR 220 million for its special funds. The lion’s share of the portfolio, around 84%, is residential. In total, the portfolio comprises 38 properties in Berlin together with properties in Leipzig and Schönberg near Lübeck. Around 90% of the rental income from the portfolio’s 1,088 residential and 103 commercial units is generated in Berlin. The seller is an international capital management company owned by a European family office. The transfer of benefits/encumbrances has already taken place.

A vast majority of the 38 residential and commercial buildings in Berlin are located in central districts within Berlin’s commuter rail ring, largely in the popular districts of Friedrichshain, Moabit and Wedding. A further four residential and commercial buildings, as well as an undeveloped site, are located in and around Leipzig, and one apartment building is located in Schönberg near Lübeck. The portfolio comprises well-constructed properties, many of which offer significant potential for further densification. The average rent for the residential units is around EUR 6.70 per sqm.

“Thanks to our direct market access and our partnership with the EB GROUP, even in the highly competitive Berlin market, we have succeeded in acquiring a high potential real estate portfolio for our institutional investors”, says Patrick Gehring, Head of Transaction Management at Deutsche Investment KVG. “The properties ideally complement our established real estate portfolio in Berlin and are managed on a long-term and sustainable basis by our group of companies. We will leverage the identified development potential with our holistic management approach”, adds Michael Krzyzanek, Managing Director of Portfolio Management at Deutsche Investment KVG.

Deutsche Investment was advised by GSK Stockmann Rechtsanwälte Steuerberater Partnerschaftsgesellschaft mbB, KPMG and acht+ Baumanagement Immobilienberatung GmbH. The seller was advised by Mazars GmbH & Co. KG and the law firm BRL BOEGE ROHDE LUEBBEHUESEN. The transaction was brokered by Mazars Advisors GmbH & Co. KG, who acted as transaction advisor.

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