LONDON | BERLIN – Apeiron Capital (“Apeiron”) and Kauri CAB, the European property specialists, in partnership with a leading global Sovereign Wealth Fund, have acquired three residential portfolios in Berlin, comprising approximately 900 apartments, for a combined cost of €100 million. Together with the original investment announced in December 2014, the recent acquisitions bring the JV close to its initial target portfolio size of €300 million.
Following these successful acquisitions, Apeiron has reaffirmed its commitment to the German residential property market by increasing the target AUM for its joint venture platform from €300 million to €1 billion over the near to medium term. The platform has secured additional funding from new institutional and private investors from the Middle East and Asia.
Jacob Cronstedt and Vojkan Brankovic, principals of Apeiron, commented: “With four successful acquisitions made in the last 12 months we are quickly closing in on our initial portfolio target of €300 million. The joint venture platform now has a demonstrable track record of identifying and successfully acquiring assets that adhere to our strict investment requirements. This coupled with the strong rental and capital value growth continuing to underpin the Berlin residential market, means that we are well placed to deliver long-term stable returns for our capital partners and principals.”
“In view of the outlook in this market we have revised our target portfolio size upwards to €1 billion.”
Apeiron is a privately held principal investment and asset management firm dedicated to real estate opportunities in the UK, Germany and the Nordic region, with offices in London, Berlin and Stockholm. The company implements investment strategies in niche segments of the real estate market combined with a disciplined asset management approach. Apeiron specialises in the residential segment and related markets.
For further information about Apeiron please see our website: www.apeiron.com