NREP makes first real estate investment in Germany, part of €500m expansion

NREP, an urban investor with €18 billion ($19 billion) of assets under management, announces the continued extension of its impact into northern European countries following its first real estate investment in Germany and the establishment of a dedicated team of eight initial employees.

Two offices have been opened, in Frankfurt and Munich, completing the existing on-the-ground presence consisting of the German real estate credit specialist acquired by NREP last year.

With a plan to invest €500 million ($527 million) over the next three years, NREP will pursue opportunities mainly within the company’s two largest and long-standing real estate strategies, modern logistics and customer-centric rental housing, both of which have demographically driven demand characteristics and are structurally undersupplied with old stock, presenting an obvious need for more modern and sustainable buildings. There is a clear housing shortage throughout many of Germany’s largest c