Round Hill Capital said on Tuesday that companies it advises have completed the acquisition of a residential portfolio comprising 320 units located in prime inner city neighborhoods in Hamburg, mainly in Harversterhude, Eppendorf, Winterhude and Barmbek-Süd.
Financial details were not disclosed.
This transaction is part of Round Hill’s strategy of acquiring residential portfolios in 15 greater metropolitan areas in Germany.
Commenting on the transaction, Michael Bickford, founder and CEO of Round Hill Capital, said: 'This represents the next sizeable transaction for Round Hill, after having acquired 1,500 units in Germany in 2017, in Berlin (1,347 units) and Hamburg (114 units). We are accelerating the delivery of our German residential investment management strategy by continuing to acquire high quality, well located portfolios in key metropolitan areas.'
Round Hill and its affiliates currently manage over 4,000 units in Germany for several institutional and private clients.
Freshfields Bruckhaus Deringer, Beck Rechtsanwälte, PwC and Trinavis advised on the deal.
