Fund manager Deutsche Investment has acquired €83 mln worth of residential properties across Germany since June 2021 as it steps up its commitment to the sector.
The firm carried out around €43 mln of acquisitions in Berlin and Leipzig on behalf of a single mandate for an institutional investor, while another €40 mln of investments in Burgdorf/Hanover and Frankfurt am Main were executed for the Deutsche Investment – Wohnen V residential property fund.
The acquisitions in H2 reflect a further diversification of Deutsche Investment’s residential portfolio in terms of geographic locations, although the firm said it would maintain its focus on large metropolises and their surrounding area as well as conurbations with a positive demographic trend.
Enver Büyükarslan, director for transaction management at Deutsche Investment Kapitalverwaltung AG, said more transactions were in the pipeline with sale-and-purchase agreements already signed and the acquired assets to be transferred into the firm’s portfolio by the end of the year.
