Boutique firm targets Berlin property market with new fund

Boutique real estate investment firm Optimum Asset Management, has launched its fourth German real estate fund, targeting up to €300 million ($332 million) in equity commitments.

The fund, German Real Estate Fund IV (GREF IV), will seek to acquire a diversified portfolio of residential and commercial properties in Germany, with a focus on the Berlin market. It will also make selective investments in high-growth, supply-constrained German cities such as Hamburg, Dresden, Leipzig, Cologne and Düsseldorf.

GREF IV will seek to add value to well-located residential and office assets near major infrastructure and employment hubs. The fund series has a focus on optimizing mispriced and mismanaged residential and commercial assets.

“Germany’s diversified market structure and the current reurbanization of large cities create opportunities for residential investment,” said Alberto Matta, founder of Optimum Asset Management. “This, combined with the significant