BlueRock Group AG (BlueRock) has acquired a portfolio, comprising four residential and commercial properties in Berlin from a private investor.
The four-storey buildings are situated in the city districts Mitte, Friedrichshain, and Charlottenburg. The four- and five-storey houses were built between 1900 and 1910. They provide a total lettable area of around 7,900m2 and are divided into 82 residential units that range in size from c. 30m2 to 145m2.
Ronny Pifko, CEO of BlueRock, stated: “At the moment, acquiring residential properties in the Berlin market is very challenging. This makes us particularly pleased that our well-connected Berlin team, led by Michael Brand, succeeded in identifying this portfolio and completing the acquisition. We will continue striving to make further acquisitions in Berlin to expand our portfolio."
Bartsch Steuerberatungsgesellschaft mbH supported BlueRock on the tax aspects of the transaction, while Heussen Rechtsanwaltsgesellschaft mbH and Cornelius Krause Rechtsanwaltsgesellschaft provided legal advice. MB Advisors carried out the technical due diligence.
Image source - Pexels.
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