Optimum Asset Management is planning to raise up to €300m for its fourth German real estate fund.

The real estate investment manager has launched the German Real Estate Fund (GREF) IV fund – which seeks to raise at least €250m – to buy a diversified portfolio of residential and commercial properties in Germany, with a focus on the Berlin market.

The plan is for GREF IV to add value to well-located residential and office assets near major infrastructure and employment hubs, the manager said.

Alberto Matta, Founder of Optimum Asset Management, said: “We are truly at home in Germany. We have invested successfully here for over a decade, and the factors that attracted us at the beginning still ring true today.

“Germany continues to benefit from a resilient economy, characterised by growth in services, public sector, and the housing market, whilst maintaining global competitiveness as a leader in macroeconomic stability and innovation. The region is also home to an attractive real estate market, represented by a strong occupier base and rising investment volumes.”