M&G Real Estate has invested in a German residential portfolio via a partnership with BlueRock.
M&G said it has completed the recapitalisation of the central Berlin portfolio of 302 apartments and 27 commercial units, as part of the newly created joint venture with BlueRock to deliver homes in the German city.
The portfolio will benefit from a €47 million investment to develop 75 new homes in the centre of Berlin, alongside a modernisation programme across its existing assets.
Source: realassets.ipe.com on the 24th of February