Group has acquired a portfolio comprising 599 apartments and a total
rental area of 44,650 square meters in December 2019. Out of a total of
21 are located in Berlin and six others in Bielefeld. The purchase was
made on behalf of Heimstaden, one of the largest Swedish housing
companies. Skjerven Group acted as investment manager for the
transaction and will take over the asset management of the
portfolio. For Heimstaden, Skjerven Group is the local partner in
The purchase is the largest privately-owned transaction on the Berlin housing market since the plans for the so-called rental cap were announced in June last year. The houses are spread across the city in seven districts of Berlin and are mostly located in attractive locations within the S-Bahn ring. The total purchase price is around 125 million Euros.
Heimstaden intends to keep the portfolio for the long term and is planning further purchases of residential buildings in Berlin and other German growth locations.