On behalf of a club of professional pension schemes based in Berlin, Quantum Immobilien KVG has acquired a high-quality residential portfolio comprising seven properties with a total of 532 residential and 10 commercial units as part of a individual mandate.
The portfolio includes properties across six German metropolitan regions: Hamburg-Barmbek, Hamburg-Neustadt, Berlin-Charlottenburg, Düsseldorf-Pempelfort, Cologne-Nippes, Frankfurt-Bockenheim and Bad Homburg. The properties were built between 2008 and 2013 and have a total lettable area of approximately 48,900 sq m, of which around 47,600 sq m is residential space. The portfolio is virtually fully let, with an occupancy rate of approximately 98 per cent.
A Rare Opportunity in High-Demand Locations
The transaction provides access to one of the rare, large-volume, high-quality residential portfolios in prime German regions. All seven properties are situated in established, sought-after residential locations with excellent infrastructure and local amenities. Attractive capital values offer the potential for value appreciation as part of a long-term residential investment.
"The 'Super Seven' portfolio is exactly what we look for on behalf of institutional investors. Seven prime residential properties in proven micro-locations within Germany's strongest residential markets, virtually fully let and energy-efficient for the future. Opportunities like this do not arise often. We are therefore all the more pleased to have seized this opportunity for our investors," said Martin Berghoff, Managing Director of Quantum.
The transaction was structured as an asset deal. The parties have agreed to maintain confidentiality regarding the purchase price. Quantum was advised by the law firm Jebens Mensching and WITTE Projektmanagement GmbH. The vendor was advised by Hogan Lovells, JLL and BNP Paribas Real Estate.