Deutsche Investment Spends c. 65.5 Million Euros on Residential Real Estate in Düsseldorf and Cologne

Hamburg/Berlin, 14 December 2020 – Deutsche Investment is expanding its investment focus to include the Cologne/Düsseldorf metro region: On behalf of its separate asset pool “Deutsche Investment – Wohnen V,” the company acquired a portfolio containing 212 residential and 18 commercial units scattered across a total of eleven different properties in Düsseldorf and Cologne. The total investment volume for all of the properties approximates 65.5 million euros. The seller was a family office. Aengevelt Immobilien acted in an advisory role during the transaction.

Among the key characteristics of the purchased assets is that they are located in downtown areas, have convenient transportation access and are subject to keen tenant demand, the latter fact being reflected in a high occupancy rate. The properties Düsseldorf are located in the boroughs 1, 3 and 7. The properties in Cologne are located in the inner-city districts of Ehrenfeld and Porz. All of the portfolio assets are almost fully occupied. The transfer of benefits and burdens will take place in early 2021. To manage the properties, the corporate conglomerate of Deutsche Investment and EB GROUP will open an office in Düsseldorf that will be staffed with a team of property management, lettings management and facility management specialists as of 4 January 2021. Together with the existing offices in Hamburg, Berlin, Nuremberg and Dresden, opening the office in Düsseldorf will bring the number of cities where Deutsche Investment maintains a presence on the ground up to five.

“With the acquisition of these residential properties, we are entering yet another metro region beyond our traditional investment centres, Hamburg and Berlin, and thus implement an important step of our diversification strategy in the best interest of our investors. We will use the successfully completed transaction as template for successive future acquisitions of properties in Düsseldorf and Cologne that match our strategy. Going forward, the properties will be managed from our new office in Düsseldorf. It is the best way to ensure we remain close to our assets, tenants and business partners in this as in other regions so as to deliver our end-to-end real estate competence,” said Enver Büyükarslan, the main shareholder of Deutsche Investment KVG.

“Between Rhine and Ruhr lies the most populous metro region of Germany, which is particularly interesting to us because of its economic and demographic parameters, and which offers us attractive possibilities for further risk diversification. Additional properties in the region are already undergoing their pre-acquisition audits,” added Niklas Deuerling, Transaction Manager of Deutsche Investment KVG.

The investments on behalf of the “Deutsche Investment – Wohnen V” separate asset pool concentrate to 50 percent or more on Class A cities and selected fast-growth cities in Germany. The assets currently held in the existing real estate portfolio are distributed across the German states of Berlin, Saxony, Thuringia and North Rhine-Westphalia.

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Deutsche Investment Spends c. 65.5 Million Euros on Residential Real Estate in Düsseldorf and Cologne

Hamburg/Berlin, 14 December 2020 – Deutsche Investment is expanding its investment focus to include the Cologne/Düsseldorf metro region: On behalf of its separate asset pool “Deutsche Investment – Wohnen V,” the company acquired a portfolio containing 212 residential and 18 commercial units scattered across a total of eleven different properties in Düsseldorf and Cologne. The total investment volume for all of the properties approximates 65.5 million euros. The seller was a family office. Aengevelt Immobilien acted in an advisory role during the transaction.

Among the key characteristics of the purchased assets is that they are located in downtown areas, have convenient transportation access and are subject to keen tenant demand, the latter fact being reflected in a high occupancy rate. The properties Düsseldorf are located in the boroughs 1, 3 and 7. The properties in Cologne are located in the inner-city districts of Ehrenfeld and Porz. All of the portfolio assets are almost fully occupied. The transfer of benefits and burdens will take place in early 2021. To manage the properties, the corporate conglomerate of Deutsche Investment and EB GROUP will open an office in Düsseldorf that will be staffed with a team of property management, lettings management and facility management specialists as of 4 January 2021. Together with the existing offices in Hamburg, Berlin, Nuremberg and Dresden, opening the office in Düsseldorf will bring the number of cities where Deutsche Investment maintains a presence on the ground up to five.

“With the acquisition of these residential properties, we are entering yet another metro region beyond our traditional investment centres, Hamburg and Berlin, and thus implement an important step of our diversification strategy in the best interest of our investors. We will use the successfully completed transaction as template for successive future acquisitions of properties in Düsseldorf and Cologne that match our strategy. Going forward, the properties will be managed from our new office in Düsseldorf. It is the best way to ensure we remain close to our assets, tenants and business partners in this as in other regions so as to deliver our end-to-end real estate competence,” said Enver Büyükarslan, the main shareholder of Deutsche Investment KVG.

“Between Rhine and Ruhr lies the most populous metro region of Germany, which is particularly interesting to us because of its economic and demographic parameters, and which offers us attractive possibilities for further risk diversification. Additional properties in the region are already undergoing their pre-acquisition audits,” added Niklas Deuerling, Transaction Manager of Deutsche Investment KVG.

The investments on behalf of the “Deutsche Investment – Wohnen V” separate asset pool concentrate to 50 percent or more on Class A cities and selected fast-growth cities in Germany. The assets currently held in the existing real estate portfolio are distributed across the German states of Berlin, Saxony, Thuringia and North Rhine-Westphalia.

Download the Press Release as PDF File

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