The AIF management company Deutsche Investment KVG has acquired a residential property portfolio for a total investment volume of €26 million ($31 million). The properties are located in central locations in Berlin’s inner city.
The two properties divide into 96 residential and six commercial units. The acquisition was transacted under a single mandate by an institutional investor on behalf of whom Deutsche Investment has been investing in Berlin’s residential real estate market since May 2019. The transfer of the properties’ benefits and burdens already has taken place.
The Belle Époque and late 19th-century properties are situated in central inner-city locations in Pankow, Friedrichshain-Kreuzberg, Tempelhof-Schöneberg and Neukölln, and are integrated into the local infrastructure, which is typical of Berlin insofar as it mixes one-off neighborhood retailers with renowned retail multiples. All of the properties lie within easy walking distance of public ma
