EQT Real Estate has expanded its European living strategy into the German market with the acquisition of a 17-building residential estate with Pictet Alternative Advisors.
The joint venture has invested an unspecified sum to acquire the 34,000sqm asset located in Mahlow, on the southern edge of Berlin.
Dave O’Brien, director of German living strategies at EQT Real Estate, said: “This acquisition is a significant milestone for our European living strategy in the German residential market. Given the sector’s strong fundamentals and stable demand, we believe the time is right to pursue further attractive opportunities in the country.
“The portfolio, sourced through our strong local relationships, offers attractive value-add potential within commuting distance to Berlin – an area benefiting from population growth, improved infrastructure and a strong mix of amenities. Beyond Berlin, we see similar opportunities across Germany’s major metropolitan regions, where limited new supply and growing demand are creating compelling conditions for investment in well-connected areas with strong social infrastructure.”
Tom Livelli, partner and head of living strategies at EQT Real Estate, said: “This transaction exemplifies our European Living Strategy – acquiring and aggregating well-located residential properties and transforming them into high-quality, purpose-built homes that serve both tenants and investors.
“It reflects our conviction that well-connected suburban areas around Europe’s major cities will continue to offer compelling opportunities for modern, affordable living.”
Charles Legendre, investment manager – multi-manager real estate at Pictet Alternative Advisors, said: “We are pleased to collaborate with EQT Real Estate on the living theme in Germany, which aligns with our shared commitment to addressing local housing needs with well-situated and functional housing options.
“This investment also reflects our emphasis on geographic and sector diversification on behalf of our clients, which we expect to remain essential amid ongoing global macroeconomic shifts.”
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