Deutsche Investment KVG said on Thursday that it has invested a total of €55 mln in six residential properties in Berlin and one property each in the Hamburg metro region and the Rhineland metro region of Germany.
The properties divide into 257 residential and 19 commercial units. The transactions were closed within the framework of a single mandate for an institutional investor and for a separate asset pool. The assets were sold by private investors.
Six of the properties in Berlin represent Belle Époque buildings, located in the boroughs of Friedrichshain-Kreuzberg, Pankow (Prenzlauer Berg), Mitte, Tempelhof-Schöneberg and Lichtenberg. The property acquired in the Hamburg metro region was built in 1984 and is located in Seevetal (Hittfeld). Another property is located in Leverkusen in the Rhineland metro region. Dating back to 1965, it is located in a well-frequented side street of the pedestrian precinct in the Wiesdorf district, within walking distance of the central railway station.
‘The asset class of residential real estate remains one of the most sustainable and safest investment options for those of our institutional investors that have a long-term horizon. In accordance with our diversified investment strategy, we concentrate on central locations in Class A cities like Berlin, Hamburg, Cologne and Düsseldorf as well as on selected growth cities or regions that show stable demographic and economic developments,’ said Enver Büyükarslan, the main shareholder of Deutsche Investment.
