PGIM Real Estate has launched OmniLiv, a residential platform dedicated to developing and redeveloping micro-living properties for students and young professionals in Germany’s biggest cities. The platform is owned by PGIM Real Estate’s closed-end European value-added strategy. With $212 billion in AUM, PGIM Real Estate is the third-largest real estate investment firm globally.
OmniLiv will focus on developing a portfolio of micro-living residential across the top seven German cities with a focus on Berlin, Munich and Frankfurt. The platform also has flexibility to partner with developers on projects. OmniLiv has already secured a strong pipeline of investments.
The rising population in urban areas and Germany’s growing international student market is providing a favorable backdrop of for-rent residential, including micro-living and student housing, especially in cities with high density and a growing young population. The platform aims to capture this demand fro
