- The Scandinavian real estate company has purchased around 1.500 apartment units in Berlin since 2018
- Further purchases are planned in Berlin and other growth regions
- The properties in the portfolio will be held over a long-term period
Berlin, June 12. 2020 – Skjerven Group acquired residential properties comprising a total of 70 units in May 2020. The properties are located in the district of Prenzlauer Berg, close to Schönhauser Allee. The purchase was made on behalf of Heimstaden Bostad AB, one of the largest Swedish housing companies.
The investment volume is approximately 15 MEUR. This equates to a purchase price of around 2.600 € per square meter. Skjerven Group acted as investment manager for the transaction and will be taking on the asset management of the portfolio. Skjerven Group is Heimstaden´s local partner in Germany. The legal advice on the buyer´s side was provided by Bottermann Khorrami LLP.
Since the summer of 2018 Heimstaden has bought around 1.500 apartments with a total investment volume of 265 Million Euros. Heimstaden is pursuing a long-hold strategy with its portfolio and plans to acquire further residential properties in Berlin and other growth regions. “We only acquire properties that offer an adequate yield despite the rental cap” says Einar Skjerven, CEO of Skjerven Group. “A resale is not being envisaged”.