Gebhard Real Estate AG continues shopping spree (DE)

Residential portfolio stocked up to about 9000 Units through acquisitions in Frankfurt/Main and Offenbach.

The Berlin-based Gebhard Real Estate AG just acquired 83 housing units with a gross lettable area of 5283 m², located in Frankfurt/Main and Offenbach. The investment volume totals €6.5 mln. By expanding the proprietary portfolio, which now includes a total of 893 housing units, Gebhard Real Estate GmbH, a Gebhard Bank company, has committed itself to continued growth. "The idea is to expand our real estate holdings substantially, and to bolster our position on the market. Frankfurt and Offenbach are prefect locations for us," says Berhard Groth, member of the board. Another €100 mln. are earmarked for investments in the short and medium term.

Out of the housing units acquired, 27 are located in Frankfurt's Nordend district, while 56 are situated in nearby Offenbach. Aside from the Rhine-Main area, the company intends to commit itself in German growth regions, conurbations, but also in cities of medium and small size in the future. It favors smaller residential packages of 20 housing units or more, with investment volumes between €750,000 and €3 mln. The share in commercial rents is not to exceed a 20 percent maximum.

Source: Business Network Marketing

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