Berlin, December 13, 2018. MÄHREN AG, a long-term oriented portfolio holder with a focus on residential properties, has completed acquisitions worth 25.8 million euros. Of these, four rental properties are in Berlin and one in Magdeburg, with three sites on the outskirts of Berlin. By the end of 2018, MÄHREN AG plans to have completed the acquisition of five more rental properties. The notary appointments are already in the calendar.

“The outskirts of Berlin are interesting for multi-floor apartment new builds, as many Berliners are looking to move there because of the lower rents and property prices,” says Mähren. The acquired sites are in the centers of Königs Wusterhausen, Werder and Geltow. Here, altogether approximately 100 apartments are to be built.

The acquired Berlin rental properties are located in Reinickendorf, Neukölln, Mitte and Wedding. This increases the portfolio of the housing company by altogether 211 units and 13,718 square meters of total space. “Despite the tight market, we have a very good acquisition pipeline. Our network and our depth of market knowledge still enable us to acquire attractive buildings,” explains Jakob Mähren, CEO MÄHREN AG. “In addition, the strategy of expanding investments to other cities such as Magdeburg, Leipzig and Dresden has proven to be the right one,” says Mähren.

About MÄHREN AG

MÄHREN AG is an owner-managed housing company based in Berlin. The company was founded by CEO Jakob Mähren in 2002. As a long-term oriented portfolio holder, MÄHREN AG buys mainly residential properties throughout Germany with a focus on the Berlin metropolitan region, the Rhine-Ruhr region, Eastern German medium-sized centers and Northern Germany. In the past three years, the company closed deals worth more than a billion euros. Right from the start, the portfolio of residential and commercial space owned has been consistently expanding, standing today at more than 2,000 units.

Website: https://www.maehren.ag/en