Optimum picks up another Berlin residential asset

Optimum Asset Management, the specialist real estate investment manager, has acquired a 1,905 m2 off-market residential property on Mansteinstrasse, Berlin, from a family joint heritage.

Financial details were not disclosed.

The deal marks the sixth acquisition for Optimum’s German real estate fund IV (GREF IV), the fourth iteration in a series of funds pursuing both residential and commercial properties in the range of €5 - €40 mln.

Built in 1893 in the typical Berliner architectural style and renovated in 2001 and 2022, the five-storey property has 1,631 m3 dedicated to 17 residential units with an additional 274 m2 for two commercial units.

The property, located in the northern part of Berlin’s Schöneberg, boasts excellent transport connections and is 150m from U-Bahn Yorckstrasse station.

Alberto Matta, chairman and founder at Optimum Asset Management, said: 'The fundamentals for investing in Berlin remain compelling. As an international hub for business, innovation and politics, Berlin benefits from strong population growth, low unemployment and increasing urbanisation.

'Berlin is growing at a faster rate than the rest of the country and is a globally attractive business location and frontrunner in the technology industry.

'As a result of Berlin's strong population and economic growth, housing demand has soared while supply levels have been unable to keep up.'

GREV IV seeks to add value by optimising mispriced and mismanaged residential and commercial assets near major infrastructure and employment hubs, targeting a total size of €300 - €350 mln.

The primary target area remains Berlin, with selected investments in high-growth, supply-constrained cities such as Hamburg, Dresden, Leipzig, Cologne and Düsseldorf.

The fund acquired a 4,367 m2 residential building and a 1,191 m2 rental property in Berlin earlier this year, along with a 1,636 m2 commercial building in Düsseldorf.


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