Bouwfonds European Residential Fund increased fund volume in prime regions

Three new acquisitions for open-ended property fund Bouwfonds REIM in Berlin, Hamburg and Stockholm

Bouwfonds European Residential Fund has increased its residential real estate portfolio in Berlin (Prenzlauer Berg), Hamburg (Harburg) and Stockholm (Nacka, Gubbängen and Vallentuna). The total investment of the transactions amounts to 48.63 million Euros.

Berlin (Prenzlauer Berg)

In the popular district of Prenzlauer Berg in Berlin a property built in 1997/98 has been acquired. The building features 67 residential apartments with balconies or patios, three commercial units and 44 underground parking spaces. There is a strong demand for the apartments, some of which even have waiting lists. The investment figure amounts to 9.6 million Euros, the seller is a private individual.


Hamburg (Harburg)

Ten individual properties have been acquired in the Harburg district of Hamburg, eight of which were built in 1960 and 2 of which were constructed in 1995. The property features 195 apartments, 38 parking spaces and 36 garages altogether. All of the apartments come with balconies or patios. The houses built in 1960 are, for the most part, already modernized or will be modernized as part of the current investment. The properties are fully let. The investment amounts to 11.15 million Euros, the seller is a private family.


Stockholm (Nacka, Gubbängen und Vallentuna)

Nacka is a premium Stockholm district, while Gubbängen and Vallentuna are suburbs of the Swedish capital city which are popular with commuters. The portfolio consists of 7 properties, divided among the three locations. They were built between 1991 and 2007. There are 182 residential units and 20 commercial units altogether. All of the apartments are fully let. The sellers are property companies belonging to Vestigia Fastigheter AB. The investment involved amounts to 27.88 million Euros. Besides already acquired properties in Oslo-Østlandet and Stockholm-Tensta this is the third acquisition in Scandinavia.

source : Bouwfonds REIM