European real estate investment and asset management firm Round Hill Capital has sold a portfolio of 798 German residential units in Berlin to Akelius for €86 mln.
European real estate investment and asset management firm Round Hill Capital has sold a portfolio of 798 German residential units in Berlin to Akelius for €86 mln.
The portfolio comprises 39 assets spanning 60,000 m2, primarily in inner city locations in Berlin such as Neukölln, Wedding, Tiergarten, Kreuzberg, Lichtenberg and Charlottenburg. The sale price equates to €1,430 per m2.
Commenting on the acquisition, Michael Bickford, founder and CEO of Round Hill Capital, said: 'This sale is in line with our residential strategy across Europe. We believe in the German residential market and its strong underlying investment fundamentals. '
Round Hill Capital, founded in 2002, is a fully integrated real estate Investor and Mmnager with offices in the UK, Germany, Luxembourg, the US and the Netherlands.
