Deutsche Asset One acquires German resi portfolio for €90m

Deutsche Asset One acquires German resi portfolio for €90m

Deutsche Asset One has acquired 750 apartments valued at around €90m for two separate account mandates from Union Investment. The apartments, located in Hamburg, Leipzig, Magdeburg and Saarbrucken, were traded predominantly as off-market transactions. 

 

"Deutsche Asset One is an excellent investment and asset management partner, with nationwide expertise, providing very good access to the market in the residential real estate segment. We are very pleased to be able to offer our investors access to a number of locations for attractive risk-diversified asset allocation", said Bernhard Kraus, Managing Director of Union Investment Institutional.

 

Thilo von Stechow, Managing Director of Deutsche Asset One, added: "Based on a predefined set of criteria, we are able to identify attractive locations for residential real estate throughout Germany for a multitude of investors. Our continued growth, with over €1bn of real estate assets under management, confirms our expertise in this area. In the next two years, we are planning to execute further transactions worth around €500m."

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