Berlin-based asset manager Juniqo Invest has offloaded a portfolio of residential properties in the city's middle-class districts, generating a total of €22.8 mln.
The company plans to reinvest these proceeds into new real estate acquisitions.
The sale encompassed 57 residential units spanning 4,300 m2. Additionally, Juniqo sold another property in Helmbrechts, Bavaria, and is exploring further divestments as part of its portfolio restructuring strategy.
In some cases, sale prices significantly exceeded initial purchase estimates, thanks to Juniqo’s strategic investments in property renovations, particularly those aimed at enhancing energy efficiency.
Nino Nowack, managing director and founder of Juniqo Invest, commented: ‘We are currently making very active use of the market phase to clean up our portfolio. Demand is positive in our segment and very pleasing compared to the purchase prices and calculations. That's why we sell individual properties at a profit. In addition, we want to take advantage of the current opportunities on the market and expand the portfolio further. Because there is a window of opportunity that will not be open indefinitely.’
Juniqo’s real estate portfolio encompasses over 1,100 residential and commercial units across approximately 40 projects, valued at more than €140 mln. While the company primarily focuses on residential properties, commercial assets also constitute a significant portion of its holdings.
The company actively invests in its home market as well as in Bavaria, Saxony-Anhalt, and Saxony.
