Meag, the asset manager of Munich Re and Ergo, has acquired three apartment complexes in Berlin from Trei Real Estate.
Financial details were not disclosed.
The properties, located in the city’s Prenzlauer Berg and Mitte districts, were developed by Trei on sites previously occupied by single-storey supermarkets.
The overall leasable area of about 36,000 square meters comprises a total of 544 rental apartments of one to five rooms and 179 car parking spots. The ground floor premises of the properties are taken up by commercial units with a combined floor area of about 7,000 square meters, which are let to local convenience stores of the Edeka and Rewe grocery chains.
Source: propertyeu.info on the 6th of May