Deutsche Investment is expanding its investment focus to include the Cologne/Düsseldorf metro region. On behalf of its separate-asset pool Deutsche Investment – Wohnen V, the company acquired a portfolio containing 212 residential and 18 commercial units scattered across a total of 11 properties in Düsseldorf and Cologne.
The total investment volume for all of the properties approximates €65.5 million ($80.25 million). The seller was a family office.
Among the key characteristics of the purchased assets is that they are located in downtown areas, have convenient transportation access and are subject to keen tenant demand, the latter fact being reflected in a high occupancy rate. The properties in Düsseldorf are located in the boroughs 1, 3 and 7. The properties in Cologne are located in the inner-city districts of Ehrenfeld and Porz. All of the portfolio assets are almost fully occupied. The transfer of benefits and burdens will take place in early 2021. To mana
