Round Hill Capital and Ivanhoé Cambridge have partnered to buy nine residential assets in Germany’s capital.

The joint venture has made its first investments with the acquisition of the residential assets comprising 362 units in Berlin for €75m.

The venture intends to acquire residential assets and portfolios with an initial focus on Berlin’s greater metropolitan area.

Michael Bickford, the founder and CEO of Round Hill Capital, said: “The Berlin residential housing market benefits from favourable macro/micro-economic trends, attractive yields and good rental growth.

“We are pleased to partner with Ivanhoé Cambridge for our new Berlin residential strategy and make our first investments. In building a robust residential platform in Berlin, we look forward to actively managing and improving the assets, in a responsible manner for both the partnership and our tenants.”