Swiss real estate investment manager BlueRock Group has teamed up with BentallGreenOak to invest more than €200m (£171m) in build-to-rent in Berlin.
BlueRock and BGO Strategic Capital Partners will source new BTR opportunities, building on a seed portfolio of 11 inner-city assets purchased over the past year.
BGO SCP has recapitalised the seed portfolio and provided further capital for similar acquisitions, alongside BlueRock and its fund investors.
Cherine Aboulzelof, managing director and head of Europe at BGO SCP said: “ The fundamentals of the Berlin residential market continue to be strong and this transaction gives our investors exposure to one of the most liquid European residential market.”
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