Zurich and Berlin-based BlueRock Group AG has bought a portfolio of four residential and commercial properties in Berlin.
A family office, whose name is being kepy underwraps, partnered in the deal in order to expand its holdings in the city.
The seller was a private investor.
The four-storey residential buildings are situated in the city districts Mitte, Friedrichshain, and Charlottenburg and were built between 1900 and 1910. They provide a total lettable area of around 7,900 square metres and are divided into 82 residential units that range in size from approx. 30 to 145 square metres. Berlin-Friedrichshain. The four- and five-storey houses were built between 1900 and 1910. They provide a total lettable area of around 7,900 m2 and are divided into 82 residential units that range in size from approx. 30 to 145 square metres.
Ronny Pifko, CEO of BlueRock, said: 'At the moment, acquiring residential properties in the Berlin market is very challenging. This makes us particularly pleased that our well-connected Berlin team, led by Michael Brand, succeeded in identifying this portfolio and completing the acquisition. We will continue striving to make further acquisitions in Berlin to expand our portfolio.'
Bartsch Steuerberatungsgesellschaft advised on tax, while Heussen Rechtsanwaltsgesellschaft and Cornelius Krause Rechtsanwaltsgesellschaft provided legal advice. MB Advisors carried out the technical due diligence.
