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CBRE IM to acquire five-asset multifamily portfolio in Germany
CBRE Investment Management has exchanged contracts to acquire a residential portfolio of five multifamily assets in Germany, on behalf of several investor solutions sponsored by the firm. The vendor is Vonovia.
The entire residential portfolio, all newly built or to be delivered in the next few months, consists of 1,350 apartments spanning five buildings: two in Berlin, two in Munich and one in Frankfurt. The assets are centrally located, well-connected with public transport and close to local amenities.
“To have secured this deal in Germany — one of the strongest residential markets in Europe — represents the strength of the CBRE IM platform,” said Marius Schöner, head of the EMEA residential operator division at CBRE IM. “We have the proven capabilities to transact at scale for a number of different capital sources. With long-term structural drivers, the residential sector is proving attractive to investors, and we will continue to seek investment opportun