Deutsche Investment spends €100m on properties in Berlin and Hamburg

The AIF management company Deutsche Investment Kapitalverwaltungsgesellschaft mbH has acquired new property assets in an investment volume of €100 million ($110 million) in its core markets of Berlin and Hamburg.

It purchased a residential portfolio including 10 assets in Berlin and one property in Hamburg for a purchase price of €76.5 million ($84.2 million). In addition, it picked up another four residential buildings in Berlin that were bought from private investors for prices totaling €23.5 million ($25.9 million). The acquisition was done within the framework of a single mandate for an institutional investor account that Deutsche Investment manages in association with EB GROUP. Taken together, these properties total 472 residential and commercial units. The transfer of benefits and burdens already took place.

The Berlin-Hamburg portfolio breaks down into 359 residential and 24 commercial units, most of which are tenant-occupied. While the assets in Berlin ar