Strategis, a company specialising in single-asset and global sales, transaction advisory and property management, has established a residential property portfolio for a German family office.
So far, Strategis has acquired 364 apartments in three locations within the scope of the mandate. Financial details have not been disclosed.
The properties include an existing quarter in the town of Zossen south of Berlin that divides into 265 apartments, a new housing estate of 74 apartments completed in 2022 in Hennigsdorf north of Berlin, and a new-build development in first-line waterfront location in the Köpenick district of Berlin with 25 apartments and six boat berths that is nearly completed.
In addition to property acquisitions, Strategis is taking care of management and lettings.
Sascha Nöske, CEO of Strategis, said: 'Despite the difficult market environment created by rising construction and financing costs, we managed to identify residential properties with attractive yield rates, and to acquire them for the portfolio.
'Things that proved helpful in this context include our long-term presence in Berlin and Brandenburg and our great networking reach in the market. In addition, we were able to convince our client of the merits of our boutique strategy.
'These include, for example, all services—from acquisitions all the way to lettings—from us as a one-stop shop, while we, in turn, can take advantage of the synergy effects that you get when dovetailing management and sales so as to develop property values in optimal ways.'
Futher acquisitions are planned throughout 2023. They will focus both on standing properties and on new-build construction projects in Berlin and in easily accessible regions of the greater metropolitan area.
