Portfolio Z - Berlin, Germany

Multi-Family Housing

Acquisition of Portfolio Z, a portfolio of 1,674 multi-family residential units and 94 commercial assets in attractive locations in Berlin, Brandenburg and Magdeburg.

The portfolio was acquired in December 2014 and forms part of a joint-venture with a leading, international Sovereign Wealth Fund for the purpose of acquiring, refurbishing, redeveloping and optimizing centrally located multi-family residential properties in the greater Berlin area and nearby capital cities.