M&G Real Estate’s European property fund has acquired a residential development in Germany via a €56 million forward funding agreement with developer Quarterback Immobilien.
The scheme, located on the border of Berlin’s Pankow and Lichtenberg districts, will deliver 145 private-rented homes scheduled for completion by the end of 2027.
The transaction increases the €5.4 billion M&G European Property Fund’s exposure to the European living sector towards its 30% target, the manager said.
Source: realassets.ipe.com on the 23rd of September