Bouwfonds Asset Management and Catella Germany acquired a high yielding residential property in an affluent area of Berlin for the account of the Bouwfonds European Residential fund.
The transaction price approximates EUR 13 million. Surrounded by greeneries, the asset encompasses 235 apartments. The property enjoys a quiet location in Berlin-Steglitz, one of Berlin's most thought-after neighbourhoods, and is close to urban transport and social infrastructure. Bouwfonds Asset Management will engage in active property management; and modernisation plans include the renovation of the property's fa