German listed firm Accentro Real Estate has acquired a majority stake in two Berlin residential portfolios for a total of €40 mln.
The purchase includes 295 residential units, amounting to 18,600 m2, spread over 13 multi-family houses.
‘With these majority interests, we are further expanding our privatization portfolio with attractive properties in sought-after locations of the capital,’ commented Jacopo Mingazzini, CEO of Accentro Real Estate.
‘The acquired properties have considerable potential for new construction and re-compaction,’ he added.
Upon completion of the deals, Accentro has acquired a total of 1,528 units so far in 2018.