NREP makes first real estate investment in Germany, plans to invest €500m

NREP has made its first real estate investment in Germany by establishing a 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 ($519.5 million) during the next three years, NREP will pursue opportunities mainly within the company’s two largest longstanding 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 cities, while the need for high-quality homes is rising. Within logistics, the supply-demand deficit is expected to continue as parcel shipment is forecast to grow above the historic