Tikehau Capital and German residential company Forte have acquired a portfolio of five properties across Frankfurt am Main, Düsseldorf, Cologne and Bonn from Munich Re’s asset manager MEAG.
The acquired portfolio, which comprises approximately 24,110 square meters of lettable area and around 300 residential units, was acquired for an undisclosed amount.
Global asset manager Tikehau Capital is making the investment through its pan-European value add real estate strategy. The latest transaction marks the firm’s sixth fund deal in Germany and its second collaboration with Forte under a multifamily residential joint venture.
Source: realassets.ipe.com on the 6th of May