Berlin-based property investor NAS Invest is joining forces with Blue Rock to launch new residential investment funds with an acquisition volume of €100-150 mln.

Berlin-based property investor NAS Invest is joining forces with Blue Rock to launch new residential investment funds with an acquisition volume of €100-150 mln.

The vehicles will have a core-plus and value-add strategy and will focus on German conurbations, most notably the capital Berlin.

Blue Rock, an investment fund licensed and regulated under Gibraltar law, will take care of fund management and AIFM compliance while NAS will take over property development and asset management.

'We look forward to expanding the existing collaboration with NAS Invest and to start offering to our investors widely diversified investments in German residential real estate in addition to commercial property,' said Ronny Pifko, director of the Blue Rock Fund. 'NAS as local asset manager delivers investments that passive investors would otherwise not be able to access and realise in this form.'

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