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Investors - MAY 28, 2021

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Deutsche Investment pays €55m for German residential portfolio

by Released

Deutsche Investment has invested €55 million ($67 million) in eight properties across Germany — six residential properties in Berlin and one property each in the Hamburg metro region and the Rhineland metro region. The properties divide into 257 residential and 19 commercial units.

The transactions were closed within the framework of a single mandate for an institutional investor and for a separate asset pool. The assets were sold by private investors; the transfer of benefits and burdens already took place.

“The asset class of residential real estate remains one of the most sustainable and safest investment options for those of our institutional investors that have a long-term horizon,” said Enver Buyukarslan, the main shareholder of Deutsche Investment. “In accordance with our diversified investment strategy, we concentrate on central locations in class A cities like Berlin, Hamburg, Cologne and Düsseldorf, as well as on selected growth cities or regions t

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