has added a 1,636sqm office to its fourth German real estate fund鈥檚 portfolio.
The specialist real estate investment manager has invested an undisclosed sum on behalf of its German Real Estate Fund IV (GREF IV) fund to the commercial building in D眉sseldorf.
Built in 1986, the building consists of eight stories, including a ground floor.
Alberto Matta, chairman and founder at Optimum Asset Management, said: 鈥淎s we build out our portfolio, we look to invest in German real estate with significant opportunity for value creation.
鈥淭he diversification of residential and commercial properties within a high-growth, supply-constrained market creates opportunity for consistent return on investment whilst providing a safe haven for our investors during periods of market downturn.
鈥淲hile apprehension in the real estate market persists, the long-term fundamentals of niche markets remain attractive.鈥�
GREF IV targets both residential and commercial properties in the range of 鈧�5-40m. The fund seeks to add value by optimising mispriced and mismanaged residential and commercial assets near major infrastructure and employment hubs.
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