MULTI-FAMILY HOUSING GERMANY

Investment strategy

Acquisition of under-rented centrally located multi-family residential properties at discount to replacement cost with optimisation potential. Return on investment derived from lifting net rental income, achieved through targeted investments (e.g. refurbishment) and systematic rent improvements.

Capitalization on the long-term structural demand-supply imbalance for rental apartments with focus on Berlin, Europe’s largest residential tenant market.

Geographical focus

Germany with primary focus on the Greater Berlin area, and secondary focus on selected state capitals and key university cities.

AuM

€500m of target AUM (3 years). 3,532 apartments and commercial units under management.

Existing Asset Spotlight

Location: Berlin, various places

Project description: 493 multi-family apartments (Portfolio Lesni).

Micro-location:  The properties are centrally located in the Berlin area within the S-Bahn-Ring.