• Investment volume of around EUR 130 million
• Total rental space of around 24,800 square meters
HANSAINVEST Real Assets GmbH has purchased two residential developments in Berlin. The deal includes seven properties with 325 residential units in total. The investment volume amounts to around EUR 130 million.
The planned rental space of the two developments in Berlin’s Charlottenburg-Wilmersdorf and Mitte districts totals 24,800 square meters. The “So Berlin” residential project is located at Mauerpark between Prenzlauer Berg and Brunnenviertel. It is scheduled for completion in early 2019. The “Maximilians Quartier” project is located on Forckenbeckstraße between Grunewald and Kurfürstendamm, and it will be completed in 2020.
“The purchases are consistent with our diversification strategy,” says Nicholas Brinckmann, Speaker of the HANSAINVEST Real Assets Management Board. “We are taking advantage of the opportunities that the residential segment presents, particularly in central, highly sought-after locations in Berlin, all while minimizing risks in the portfolio.”
HANSAINVEST Real Assets was advised by Hogan Lovells International LLP and ES EnviroSustain GmbH. Schillhorn Rechtsanwälte served as the consultant for the sellers. The conclusion of the contract was arranged by PESTLIN & Co. Corporate Finance GmbH & Co. KG.