Deutsche Investment has successfully acquired the “Kanold” real estate portfolio in Berlin, consisting of five properties. The assets are located in the established inner-city areas of Prenzlauer Berg, Friedrichshain, and Moabit. The buildings were predominantly constructed around the year 1900. The portfolio comprises a total of 178 units, distributed between residential and commercial spaces.
The occupancy rate of the acquired portfolio stands at approximately 99 per cent, indicating almost full utilisation. The selected locations are characterised by sustained high demand for housing, historically developed neighbourhood structures, and comprehensive infrastructure. Furthermore, good public transport links and proximity to urban centres contribute to the long-term attractiveness of these locations.
Strategy and Potentials
Deutsche Investment intends to hold the portfolio in its own stock long-term and to achieve continuous value development through active asset management. Ms Nina Sobotta, Senior Transactions Manager at Deutsche Investment, stated that the acquisition of the “Kanold” portfolio is considered an attractive investment in established Berlin micro-locations with stable demand and further development potential. She highlighted that the combination of historic building fabric, adequate infrastructure, and excellent public transport links creates sustainable rental prospects.
Mr Gilbert Merz, Head of Transaction Management at Deutsche Investment, emphasised Berlin’s continued strategic importance as a core market for the company. He explained that the portfolio is compelling due to its prime location, high occupancy rate, and the mix of residential and complementary commercial spaces. Long-term value appreciation potential is seen in these properties through active asset management and the continued dynamic demand for housing in urban areas.
Accompanying Services
The technical and legal due diligence for the transaction was conducted by CBRE Berlin and the law firm Vesthaus Rechtsanwälte PartG mbB. Wüest Partner was involved as the valuer of the properties.
- —Five properties in Berlin-Prenzlauer Berg, Friedrichshain, Moabit.
- —178 residential and commercial units.
- —Occupancy rate of approximately 99 per cent.
- —Existing portfolio acquisition by Deutsche Investment.
