Kompass, a new residential property investment company, has made its first acquisition of just under 1,000 residential units in Berlin-Hellersdorf for EUR 25 mln.

Kompass, a new residential property investment company, has made its first acquisition of just under 1,000 residential units in Berlin-Hellersdorf for EUR 25 mln.

Kompass was been established by Forum Partners and In-west Immobilien to acquire and manage German residential assets primarily in North Rhine Westphalia and Berlin. Kompass will look to acquire in excess of EUR 100 mln of multi-family housing in Germany with an emphasis on value-add opportunities.

Witsard Schaper, director at Forum Partners, commented: 'We are excited about the initial purchase made by Kompass. The portfolio which we have acquired will benefit from further capital investment and In-West's strong expertise in residential management.'