Deutsche Investment has acquired a large number of residential properties in various places across Germany since June 2021. The acquisitions volume adds up to an aggregate value of €83m. Out of the total, acquisitions in Berlin and Leipzig that were transacted within the framework of a single mandate on behalf of an institutional investor accounted for circa €43m. Another €40m represent investments for the “Deutsche Investment – Wohnen V” residential property fund, the assets in this case being located in Burgdorf/Hanover and Frankfurt am Main.
By completing these acquisitions, Deutsche Investment stepped up its commitment in Germany’s residential property market while simultaneously diversifying its overall portfolio further in terms of investment locations. That being said, Deutsche Investment maintains its focus on the large metropolises and their greater area as well as conurbations with a positive demographic trend.
“As early as two years ago, the successful growth of Deutsche Investment motivated us to aim for a further diversification of our investments within Germany while remaining active in our traditional core markets of Hamburg and Berlin at the same time,” said Enver Buyukarslan, Director for Transaction Management at Deutsche Investment Kapitalverwaltung AG. “The transactions completed most recently, nine of them altogether, put us another step closer toward this goal, and gave us an opportunity to demonstrate once again that our excellent market access enables us to identify and purchase attractive investment-grade properties for our investors even in a competitive environment. In addition, the next transactions have already moved ahead, with sale-and-purchase agreements signed and the acquired assets to be transferred into our portfolio by the end of the year.”