Deutsche Investment has invested 鈧�12.5m to buy further residential properties in Germany鈥檚 capital.
The real estate fund manager, on behalf of a single account mandate managed with with EB Group, has bought the two Belle 脡poque buildings in Berlin from German investment entity.
The buildings are located in the borough of Neuk枚lln and benefit from their central location inside the rapid transit circle line.
The properties are divide into 60 residential and 6 commercial units and Deutsche Investment said the almost fully assets have the potential for infill development.
Michael Krzyzanek, managing director for portfolio management at Deutsche Investment, said: 鈥淭his latest acquisition once again highlights the value-add aspect of our end-to-end investment management approach.
鈥淥ur investor benefits not only from the advanced market penetration and regional network of our team. With our own unit for property development, we have the in-house resources we need to identify a property鈥檚 potential for infill development as early as the acquisition phase.鈥�
