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Ashurst advises HIH Invest on the launch of a new residential property fund with 14 residential properties

19 November 2024

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    Ashurst advised HIH Invest Real Estate (HIH Invest) on the launch of a new fund for institutional investors with the residential real estate company Vonovia and its acquisition of 14 development projects and new buildings with an investment volume of over €630 million. The properties were acquired by Vonovia and Quarterback Immobilien AG and comprise a total rental area of over 127,000 square meters (of which 113,500 square meters are residential and 13,500 square meters commercial space) and 1,161 parking spaces.

    The portfolio includes a variety of different residential units, including two- to three-room apartments, student apartments and apartments for senior citizens. The properties are located in strategically favorable locations in the important metropolitan areas of Berlin, Hamburg, Leipzig, Halle/Saale, Dresden, Königs Wusterhausen, Böblingen and Offenbach.

    This fund represents a significant milestone in the real estate investment landscape, offering institutional investors access to high-quality residential real estate in some of Germany's most dynamic cities. The collaboration between HIH Invest Real Estate and Vonovia underscores their shared commitment to sustainable and profitable investment opportunities.

    HIH Invest is a leading investment manager for real estate and infrastructure in Germany and Europe. With a focus on sustainability and long-term value creation, HIH Invest offers investment solutions tailored to the needs of institutional investors.

    Vonovia is one of Europe's largest residential real estate companies and is dedicated to providing high-quality housing solutions. With a strong focus on sustainability and innovation, Vonovia continues to set new standards in the real estate industry.

    The Ashurst team was led by partner Dr. Liane Muschter. She was supported by partners Jan Krekeler (Corporate), Michael Holzhäuser (Competition Law), Dr. Anders Kraft (Tax), Dr. Detmar Loff (Regulatory), Roman Brtka (IP), counsel Dr. Maria Held (Competition Law), Volker Germann (Corporate) and Dr. Susanne Knoch (Tax), Senior Associates Christopher Jeschor (Real Estate) and Steffen Bellmann (Tax), Associates Achim Weimer (Real Estate) and Andreas Hofmann (Tax) as well as Transaction Lawyer Ibrahim Ünal (Real Estate).

     

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