Skjerven Group acquired a residential portfolio comprising a total of 70 units. The properties are located in the district Prenzlauer Berg in Berlin, close to Schonhauser Allee. The purchase was made on behalf of Heimstaden Bostad AB, one of the largest Swedish housing companies. The investment volume is approximately €15m. This equates to a purchase price of around €2.600 per square meter. Skjerven Group acted as investment manager for the transaction and will be taking on the asset management of the portfolio.
Since the summer of 2018 Heimstaden has bought around 1.500 apartments with a total investment volume of €265m. Heimstaden is pursuing a long-hold strategy with its portfolio and plans to acquire further residential properties in Berlin and other growth regions. “We only acquire properties that offer an adequate yield despite the rental cap,” said Einar Skjerven, CEO of Skjerven Group. “A resale is not being envisaged”.